March 11th, 2010 
Before You Invest Thursday, March 11, 2010 is the start of stock index futures roll-over at both CME Group and ICE Futures U.S.
Rollover is when a new contract month becomes the dominant contract in terms of new volume, for both pit (open outcry) and electronic trading sessions.
Posted in Finance Fraud 
Tags: Contracts, Day Traders, Electronic Platforms, Electronic Trading, Globex, Index Futures Trading, March 11, New Contract, Open Outcry, Pace, Position Traders, Stock Futures, Stock Index Futures, Stock Index Futures Trading, Stock Trading, Trading Futures, Trading Sessions, Trading Stock 
Comments Off March 2nd, 2010 Before You Invest (AP) — Derivatives exchange operator CME Group Inc. said Tuesday its February volume averaged 12.5 million contracts per day, a 17 percent increase from a year ago.
Posted in Finance Fraud Tags: 5 Million, Agricultural Commodities, Asset Classes, Cme, Contracts, Derivatives, Electronic Volume, Equity Indexes, Exchange Energy, Exchange Operator, Foreign Exchange, Futures And Options, Group Volume, Interest Rates, Metals, Real Estate, Weather Comments Off January 13th, 2010 Before You Invest Barclays has announced its IT contract with Accenture will not be extended when it comes up for renewal later this year.
The financial institution signed a £400 million six-year outsourcing deal with the technology solutions provider in 2004.
Accenture’s work involved providing services and staff related to IT maintenance, enhancement and systems development.
Posted in Finance Fraud Tags: Accenture, Asset Management, Barclays, Barclays Capital, Barclays Global Investors, Capital Investors, Contracts, Desk Top Management, Enhancement, Financial Institution, Investment Banking, Maintenance, Management Contract, Management Operations, Outsourcing Solutions, Six Months, Technology Solutions Provider No Comments » December 19th, 2009 Before You Invest Morgan Stanley estimated that $1 billion in revenue is up for grabs as over-the-counter derivatives contracts start trading through central clearinghouses. “We expect significant levels of standardized OTC derivatives to be centrally cleared in two to three years, driven by changes in legislation and regulation, decreased tolerance for counterparty risk post-Lehman, increased demand for transparency, and reduction of systematic risk,” Morgan Stanley said.
November 17th, 2009 Before You Invest The UK government is set to bring in legislation that will allow the Financial Services Authority to rip up the contracts of bankers deemed to be enjoying excessive pay packets as a reward for risk-taking.
Although the new Financial Services Bill will not apply to current banking contracts and therefore will not affect 2009 bonuses, it is set to come into place from January next year.
The measures are to be outlined on Wednesday in the Queen’s Speech.
In comments reported by the Guardian, City spokesman Lord Myners told Sky News: “What we are saying to the shareholders and boards of directors is: get real, recognize that the previous levels of bonuses are socially unacceptable.”
Other proposals that will be put forward by Gordon Brown’s government include one that will allow British customers to take part in US-style class action suits against financial institutions they feel have treated them badly.
Last week, Mr Brown sent officials to meet with the IMF to lobby for the implementation of a Tobin tax – a levy on transactions carried out between financial institutions.
Posted in Finance Fraud Tags: Boards Of Directors, British Customers, City Spokesman, Class Action Suits, Contracts, Financial Institutions, Financial Services Authority, Financial Services Bill, Gordon Brown, Imf, Levy, Mr Brown, Myners, Proposals, Shareholders, Sky News, Style Class, Tobin Tax, Uk Government, Uk Regulators No Comments » September 28th, 2009 Before You Invest The Securities and Exchange Commission has charged a Michigan stock broker with fraud, alleging he acted as a salesman in an alleged $250 million Ponzi scheme the agency first exposed nearly two years ago.
The agency alleged Frank Bluestein lured elderly investors into the scheme after convincing many of them to refinance their homes.
Posted in Finance Fraud Tags: Bluestein, Broker Fraud, Commissions, Contracts, Elderly Investors, Investment Seminars, Investor Funds, Litigation, M Management, Management Co, Monetary Penalties, Offerings, Salesperson, Securities And Exchange, Securities And Exchange Commission, Spokesman, Stock Broker, Stock Fraud, Telecommunication, Vegas Resorts No Comments » August 2nd, 2009 Before You Invest 
The trader, Andrew J. Hall, heads Citigroup’s energy-trading unit, Phibro LLC — a secretive operation, run from the site of a former Connecticut dairy farm, that occasionally accounts for a disproportionate chunk of Citigroup income.
Mr.
Posted in Finance Fraud Tags: 100 Million, Bonus, Chunk, Citi, Citigroup, Citigroup Inc, Connecticut, Contracts, Czar, Dairy Farm, Energy Trading, Fallout, Giant, Investor, J Hall, Legal Fight, Phibro, Tight Spot No Comments » July 10th, 2009 Before You Invest Treasury Secretary Timothy Geithner is seeking laws for the $592 trillion derivatives market. Geithner is set to testify before a joint hearing of the House Agriculture and Financial Services committees to call for requiring all “standardized” contracts to be traded on exchanges or other regulated platforms. Disclosure rules also would apply to the derivatives contracts, Geithner said.
Posted in Finance Fraud Tags: Agriculture, Amp, Committees, Congress, Contracts, Derivatives Market, Disclosure Rules, Financial Services, Pid, Platforms, Sid, Timothy Geithner, Treasury Secretary, Trillion No Comments » July 2nd, 2009 Before You Invest Bank of New York Mellon forged a partnership with International Derivatives Clearing Group, a division of Nasdaq OMX that clears derivatives contracts. IDCG will use the bank’s securities servicing products. The move comes as government officials and regulators push for more clearing of over-the-counter derivatives.
June 6th, 2009 Before You Invest Four individuals have pleaded not guilty in a Dubai court to charges of laundering around £150 million ($240 million) linked to an alleged tax scam.
The Briton, Indian, Pakistani and Emirati are accused, along with six companies, of laundering the funds through bank accounts in the United Arab Emirates (UAE), the United Kingdom and the Netherlands in what is the federation’s biggest-ever money laundering case.
Following a two-year investigation, prosecutors allege that the suspects exported goods from the UK to other parts of Europe using bogus sales contracts to falsely inflate their value.
