GovernmentAuctions

1995 Rolls Royce Silver Spur IIIEver wanted to own a luxury car that's usually reserved for royalty and foreign dignitaries? Now you can get the chance at GovernmentAuctions.org. a beautiful 1995 Rolls Royce Silver Spur III now currently available for online auction courtesy of the U.S. Marshals. This handcrafted luxury vehicle comes standard with power windows, power windows, power seats, power door locks, power brakes, cruise control, air conditioning, leather seating, hardtop roof, AM/FM radio, CD changer in the trunk, factory brand stereo, alarm system, premium factory wheels, and just over 31k miles. The vehicle itself is in fantastic aesthetic condition both inside and out, but only requires a new battery in order to be up and running again. The current asking price for this Rolls Royce is just $23,500 with no bids as of yet. The car is currently being held in Las Vegas, and the auction will be ending in just a few short weeks so be sure to activate your 3-day free trial account now.

Tuesday, April 28, 2015

Monday, April 27, 2015 Recap: Credit Detail, More CFTC Charges, Puzzling Low T-Yields, and the Fed Testifies Before The Senate

A summary of federal regulatory actions and government announcements for investors on Friday, April 24, 2015: 
The New York Fed  announced it would publish detail on credit at the community level on May 4. The release will be in the form of interactive maps across the U.S. The profiles will provide an indication on the credit status of the nation down to the community level.
The U.S. Commodity Futures Trading Commission (CFTC) filed charges against My Global Leverage, LLC (MGL) and its owner Toney Blondo Eggleston, of Newport Coast, California. The charges allege that Eggleston engaged in illegal "off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis." Employees solicited retail customers by telephone. Over the time period in question, ~12 customers paid $786,000 each to MGL. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, these transactions -- leveraged, margined, or financed transactions -- are considered illegal unless they result in "actual delivery of metal within 28 days". To read the full charge click the link above.

In a similar case, the CFTC also charged Inter-Global Currency & Precious Metals, LLC (IGCPM) of Pompano Beach, Florida, and its owner Stavros Papastavrou, of Delray Beach, Florida.The order calls for restitution in the amount of $447,342, and "permanently bans IGCPM and Papastavrou from registering, trading, soliciting, and engaging in other CFTC-regulated activities." 
The Office of Financial Research (OFC) published another interesting paper entitled The Puzzle of Low U.S. Treasury Yields. The authors compared historical yields in long-term bonds and found that the persistence of low long-term yields could lead to "excessive borrowing or investor risk-taking."
Source: Bloomberg L.P., Federal Reserve Bank of New York
Finally, Mark E. Van Der Weide, Deputy Director of the Division of Banking Supervision and Regulation testified on behalf of the Federal Reserve before the U.S. Senate. He spoke with others from the Federal Insurance Office (FIO) of the U.S. Treasury, the National  Association of Insurance Commissioners (NAIC), and the independent insurance member of the Financial Stability Oversight Council (FSOC) about the current regulatory work around international and domestic insurance. 
Upcoming Events
On Wednesday, April 29, there will be an open meeting at 10am at SEC Headquarters, followed by a closed meeting at 12pm. 

On Thursday, April 30, at 2pm SEC Chair Mary Jo White will give the keynote remarks at the 35th Annual Ray Garrett Corporate and Securities Law Institute. Keith Higgins, Director, Division of Corporation Finance, and Shelley Parratt, Deputy Director, Division of Corporation Finance, will also participate.

Location: Northwestern University School of Law, Thorne Auditorium, 375 East Chicago Ave., Chicago

Contact: Peter Skrabacz, 312-503-4213, peter.skrabacz@law.northwestern.edu

Last Week In Review

GovernmentAuctions

Gerber Pocket KnivesGet ready for summer fishing trips with this assorted lot of 30 Gerber knives. These fine-quality knives are not only perfect for knife enthusiasts, but also for collectors. They’re also ideal for buyers who want to flip the knives individually for a profit. These knives come in an assortment of various sizes, colors, types, models, and conditions. They also include both fine and serrated blades. The knives all appear to be in great shape but an inspection of this auction is still strongly encouraged prior to bidding. The current asking price for this bulk auction is just $137 with 3 online bids already placed and just 2 days, 20 hours, and 36 minutes remaining. To find out more about this deal, simplyactivating your free trial now.