Page 5 - Dan Berkovitz News Today

<p><span>Today, the Commission will consider whether to propose standards for covered clearing agencies (also known as clearinghouses) regarding the clearance of certain trades involving U.S. Treasury securities. I am pleased to support these rules because, if adopted, they would help to make a vital part of our capital markets more efficient, competitive, and resilient.</span></p>

<p><span>Today, the Commission voted to adopt a rule requiring certain public companies to disclose information regarding their executives’ compensation and how such compensation relates to the company’s financial performance. I was pleased to support this rule—so-called “pay versus performance”—because it will strengthen the transparency and quality of executive compensation disclosure to investors.</span></p>

<p><span>Today, the Commission voted to propose rules to strengthen the governance of registered clearing agencies, also known as clearinghouses. This proposal would, among other things, fulfill Section 765 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, where Congress directed the Commission to address conflicts of interest for security-based swap clearinghouses. I was pleased to support this proposal because, if adopted, it would enhance governance standar...

Phillippe Etienne, France's ambassador to the United States, said in May Chris Giancarlo's award was due in part to his “understanding of financial markets and the potentials of cryptofinance.”

The long-running case involves charges that the companies sought to manipulate prices in 2011.

On October 14, in a house near Leeds, England, Laurence Day was sitting down to a dinner of fish and chips on his couch when his phone buzzed.

An investigation has found that the industry and lobbyists have sabotaged efforts to rein in such behaviour. 

Washington, D.C. — CFTC Commissioner Caroline D. Pham announced today that Meghan Tente will serve as Chief of Staff and Gates S. Hurand will serve as Senior Counsel. In addition, Lily Chu will serve as interim Senior Counsel. Commissioner Pham will make additional leadership staff announcements in the coming weeks.

<p><span>Today, the Commission unanimously proposed two rules further defining a dealer to help identify principal trading firms (PTFs) and firms conducting similar activities that must register with the SEC. I was pleased to support this proposal because I believe it reflects Congress’s statutory intent that firms engaging in important liquidity-providing roles in the securities markets, including in the U.S. Treasury market, be registered with the Commission. Further, req...

<p><span>Today, the Commission voted to propose removing references of credit ratings from Rules 101 and 102 of Regulation M (Reg M). I was pleased to support today’s proposal because, if adopted, it would fulfill a mandate issued by Congress in the wake of the 2008 financial crisis.</span></p>