Terrence Duffy, Chairmen of the CME Group, counseled Senators against a pending CFTC ruling regarding collateral set aside by brokerages on July 17th, 2013. Duffy’s presentation before the Senate Committee on Agriculture, Nutrition and Forestry was in a hearing to evaluate the CFTC.Read More
National Futures Association
Oil industry companies have largely managed to avoid the scrutiny of derivatives trading and registration as swap dealers, according to Reuters.
The National Futures Assocation (NFA) announced yesterday that Cargill Inc is the first major non-financial entity to be registered as a swap dealer.
The National Futures Association (NFA) announced its intention to implement 21 changes and recommendations to how it manages futures industry firms. The news comes after the Berkeley Research Group (BRG), as part of its independent…
The National Futures Association’s (NFA) board of directors today announced two new rules that aim at customer protection. The rules were approved at a November 15 meeting.
Entities that regulate the derivatives industry, like the SEC and CFTC, are proposing new rules that increase protections of customer funds.
Peregrine Financial Group CEO Russ Wasendorf Sr. pleaded guilty to four felony counts on Monday in Cedar Rapids, Iowa.
In a gesture intended to help Peregrine Financial Group’s former clients and other creditors recover more of their funds, the NFA has returned a fine levied on the troubled brokerage in February, a spokesman for the agency said.
The National Futures Association has ordered an external review of its operations, and may cut staff bonuses, according to several sources.
Former Peregrine CEO Russell Wasendorf Sr. pleaded not guilty to 31 counts of making false statements to regulators on Friday.