2009-06-25: Forex Magnates Daily Updates

Photo: Michael Greenberg

Jon Pexton, Interbank FX, Acknowledged As A 2009 CFO of the Year Financial Champion by Utah Business Magazine. http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=da3c305c-d2f2-444f-a5df-68c0300fbfcf
The Securities and Exchange Commission today voted unanimously to propose rule amendments designed to significantly strengthen the regulatory framework for money market funds to increase their resilience to economic stresses and reduce the risks of runs on the funds. http://www.sec.gov/news/press/2009/2009-142.htm

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The Securities and Exchange Commission today charged a money manager who lives in Wayland, Mass., for conducting a multi-million dollar Ponzi scheme in which he promised investors lofty returns as high as 20 percent but instead often stole their money for his personal use. http://www.sec.gov/news/press/2009/2009-144.htm
NYSE Euronext (NYX) has decided to reduce, and in some cases eliminate, fees it charges investors who trade options on its exchanges, following in the footsteps of several exchanges that are revamping their pricing models. http://online.wsj.com/article/BT-CO-20090624-710440.html