Those concerns are growing amid mounting accusations that the banks and brokerages which handle their securities transactions have been over-charging corporations and public entities for various services, including securities lending and foreign exchange conversions.
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They pointed to Target 2 Securities and a foreign exchange trade depository being developed by DTCC and SWIFT as examples of industry platforms which will be used by multiple institutions.
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Soft dollar and proprietary trading, securities lending, foreign exchange and custody arrangements are additional issues in need of review.
Foreign securities are another option, but investors can buy them only through a securities firm, and the Foreign Exchange and Foreign Trade Control Act still puts obstacles in their way.
Among potential problems with shorter settlement cycles were issues around securities lending, foreign exchange transaction and delivery of physical securities.
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All of this is supportive for gold prices, and it may prompt people to buy the yellow metal as an inflation hedge as worries that the current high oil prices will last into the summer, said Bart Melek, vice president and director, head of commodity strategy, rates and foreign exchange research and TD Securities.
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The Justice Department and the Securities and Exchange Commission have not hesitated in pursuing Foreign Corrupt Practices Act cases against companies involved in such conduct.
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In March, 2011, Sands disclosed that it was being investigated by the Department of Justice and the Securities and Exchange Commission for potential violations of the Foreign Corrupt Practices Act.
Bart Melek, vice president and director, head of commodity strategy, rates and foreign exchange research at TD Securities, said just chatter from Iran and Israel could push the risk premium on crude higher.
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And today Senate Lautenberg, his counterpart, called on DOJ and the Securities and Exchange Commission to look at it under the Foreign Corrupt Practices Act.
Officials at China's securities regulator, central bank and foreign-exchange regulator couldn't be reached for comment.
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The root of this urgent new challenge is the fact that adequate disclosure and transparency concerning these foreign entities is simply not required by the Securities and Exchange Commission.
It is top of the class in some of the wholesale businesses, such as foreign exchange, securities lending and global custody.
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Now, the Securities and Exchange Commission plans to require foreign companies listing in the US to disclose their business interests in those countries.
Bart Melek, vice president and director head of commodity strategy, rates and foreign exchange research at TD Securities, said that change in strategy by the Fed to outright purchases is supportive to gold.
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Often, traders have tended to take positions ahead of Fed releases or appearances in which market participants have factored in a greater likelihood of more QE, pointed out Bart Melek, director of commodity strategy, rates and foreign-exchange research for TD Securities.
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Central banks currently hold 70% of their foreign-exchange reserves in longer-term securities and 30% in deposits.
For example, the "Big Bang" financial deregulations include liberalizing foreign-exchange transactions, lowering securities trading costs and opening securities underwriting and investment-trust management to new players.
The Securities and Exchange Commission recently said that it is looking more closely at foreign firms doing business in rogue nations such as Sudan, Iraq and Libya to ensure the firms fully disclose the financial risks when attempting to sell securities to U.S. investors.
This sea-change in the American stock and bond markets has come about as a result of changes adopted on May 8 by the Securities and Exchange Commission affecting the filing requirements and other procedures that apply to foreign would-be registrants.
For its part, the Securities and Exchange Commission has yet to demand adequate disclosure with respect to where foreign firms seeking to raise funds in the U.S. capital markets to say nothing of their parent companies, subsidiaries or affiliates do business in the world and with whom.
For its part, the Securities and Exchange Commission has yet to demand adequate disclosure with respect to where foreign firms seeking to raise funds in the U.S. capital markets -- to say nothing of their parent companies, subsidiaries or affiliates -- do business in the world and with whom.
The Securities and Exchange Commission (SEC) has just announced new disclosure rules that expand its scrutiny of foreign firms.
Apple's figures for foreign tax appear on page 61 of its form 10-K filing with the US Securities and Exchange Commission (SEC).
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