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Mar 31, 2015
Zero Hedge: Custodial gold claimed by NY Fed falls below 6,000 tonnes: GATA | THE GATA DISPATCH - March 31, 2015
Zero Hedge: Custodial gold claimed by NY Fed falls below 6,000 tonnes |
Tuesday, March 31, 2015
Zero Hedge reports tonight that custodial gold said to be held at the Federal Reserve Bank of New York has fallen below 6,000 tonnes for the first time this century as the slow but steady withdrawal of metal, apparently central bank repatriation, continues for the 10th straight month:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Gold Anti-Trust Action Committee Inc.
Iceland Looks at ending boom and bust with radical money plan: GATA | THE GATA DISPATCH - March 31, 2015.
Iceland looks at ending boom and bust with radical money plan |
via The Telegraph, London
Tuesday, March 31, 2015
Tuesday, March 31, 2015
Iceland's government is considering a revolutionary monetary proposal -- removing the power of commercial banks to create money and handing it to the central bank.
The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled "A Better Monetary System for Iceland."
FTC Settled Charges - March 31, 2015: Phoebe Putney Health System, Inc., Hospital Authority of Albany-Dougherty County, and HCA Inc. Settle FTC Charges that Acquisition of Palmyra Park Hospital Violated U.S. Antitrust Laws
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SEC Litigation Release - March 15, 2015: Securities and Exchange Commission v. StratoComm Corporation, et al., Civil Action No. 1:11-CV-1188
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23226 / March 31, 2015
Securities and Exchange Commission v. StratoComm Corporation, et al., Civil Action No. 1:11-CV-1188
SEC Obtains Judgment for Over $5 Million in Penny Stock Fraud Case
On March 26, 2015, the United States District Court for the Northern District of New York entered an amended judgment in a penny stock fraud case against StratoComm Corporation; its CEO Roger D. Shearer; and its former Director of Investor Relations, Craig Danzig. The judgment orders payment of more than $5 million collectively and imposes permanent injunctions and bars.
The judgment follows the Court's earlier decision granting the SEC's motion for summary judgment on liability against the defendants on all charges against them, including violations of the antifraud provisions and certain registration requirements under the federal securities laws.
The SEC alleged that StratoComm, acting at Shearer's direction and with Danzig's assistance, issued and distributed public statements falsely portraying the penny stock company as actively engaged in the manufacture and sale of telecommunications systems for use in underdeveloped countries. In reality, StratoComm had no product and no revenue. The SEC argued that StratoComm, Shearer and Danzig sold investors more than $4 million worth of StratoComm stock in unregistered transactions.
The judgment orders StratoComm and Shearer to pay a total of $4,968,709.68 in disgorgement and prejudgment interest. It also orders Stratocomm to pay $100,000 as a civil penalty, and orders Shearer and Danzig to pay a civil penalty in the amount of $50,000 and $25,000, respectively. The judgment permanently enjoins all defendants from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Section 5 of the Securities Act of 1933. The judgment also permanently enjoins StratoComm and Danzig from violating Section 17(a) of the Securities Act and permanently enjoins Danzig from violating Section 15(a)(1) of the Exchange Act. The judgment imposes permanent penny stock bars against Shearer and Danzig and a permanent officer and director bar against Shearer.
For further information, please see Litigation Release Number 22115(October 6, 2011) and Litigation Release No. 22936 (March 5, 2014).
http://www.sec.gov/litigation/litreleases/2015/lr23226.htm
FRB Joint Press Release - March 31, 2015: Agencies permit Wells Fargo to begin using advanced approaches framework to determine risk-based capital requirements
Joint Press Release
Board of Governors of the Federal Reserve System
Office of the Comptroller of the Currency
For release at 2:30 p.m. EDT
March 31, 2015
Agencies Permit Wells Fargo to Begin Using Advanced Approaches Framework to Determine Risk-Based Capital Requirements
The Federal Reserve Board and the Office of the Comptroller of the Currency today announced that they have permitted Wells Fargo and its subsidiary national banks to begin using the "advanced approaches" capital framework starting in the second quarter of 2015. Under this framework, firms must meet specific risk-measurement and risk-management criteria when calculating their risk-based capital requirements. The framework implements standards developed by the Basel Committee on Banking Supervision and applies to large, internationally active banking organizations--generally those with at least $250 billion in total consolidated assets or at least $10 billion in total on-balance sheet foreign exposure--and includes the depository institution subsidiaries of those firms.
WSJ | Biggest Decliners Closing on March 31, 2015.
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WSJ | Most Actives Closing on March 31, 2015.
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