CFTC Charges Accounting Firm Tunney & Associates
Posted byFelix Shipkevich on Apr 18, 2013 in CFTC, Enforcement Actions, Featured, Futures Commission Merchant | 0 comments
The CFTC has filed a complaint against Tunney & Associates, an accounting firm with offices in Indiana and Illinois, for failing to properly audit a registered Futures Commission Merchant. Michael Tunney, the firm’s sole owner and a certified public accountant, allegedly violated CFTC Regulations...Japan Launches LNG Futures Contract
Posted byElan Mendel on Apr 1, 2013 in Featured, Forex, Futures Commission Merchant, Japan FSA | 0 comments
Japan plans to launch the world’s first futures contract for liquefied natural gas, also known as LNG. This marks the country’s latest step toward creating a global market for fuel. As the U.S. increases its exports of fuel, the global market demand for LNG —a chilled and exportable form of...CME Strives to Expand European Business Before New Exchange
Posted byFelix Shipkevich on Mar 29, 2013 in CFTC, Derivatives, EC, Featured, Futures Commission Merchant, U.K. FSA | 0 comments
The world’s largest futures exchange, CME Group Inc., is pushing to expand its European business as it begins a new London-based market, while IntercontinentalExchange Inc. advances their planned purchase of NYSE Euronext. CME, a Chicago based exchange, intends to open a new London exchange this year....CFTC Orders Enskilda Futures to Pay $125,000 for Margin Errors
Posted byFelix Shipkevich on Feb 19, 2013 in CFTC, Dodd-Frank, Enforcement Actions, Featured, Futures Commission Merchant, Regulators, Social Media | 0 comments
The U.S. Commodity Futures Trading Commission (CFTC) has filed and settled charges with Enskilda Futures Limited (EFL) for failing to meet capital requirements. From the CFTC Statement The CFTC statement explains that Enskilda’s failure to meet capital requirements stemmed from margin errors: The...CFTC Penalizes Mizuho in Year’s First Cross-Border Violation
Posted byFelix Shipkevich on Jan 3, 2013 in CFTC, Enforcement Actions, Featured, Futures Commission Merchant, Regulators, Restricted, Social Media | 0 comments
The U.S. Commodity Futures Trading Commission (CFTC) today filed and settled charges against Mizuho Securities of New York for regulatory violations. Among these: Mizuho apparently failed to notify the CFTC of secured fund deficiencies and to “diligently supervise its employees.” As a result of the...CFTC Wants Futures Insurance Fund after MF Global Payback
Posted byFelix Shipkevich on Dec 26, 2012 in CFTC, Dodd-Frank, Featured, Futures Commission Merchant, Restricted, Social Media | 0 comments
U.S. Commodity Futures Trading Commission (CFTC) member Bart Chilton issued a statement today supporting a futures insurance fund. The statement comes after MF Global announced it had reached a settlement that would return $500 to $600 million of customer funds. MF Global has admitted to using at least $700...NFA Escalates Market Monitoring of Futures Commission Merchants (FCMs)
Posted byElan Mendel on Dec 19, 2012 in Featured, Futures Commission Merchant, National Futures Association, New Rules, NFA Regulations, Restricted, Social Media, Uncategorized | 0 comments
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. NFA and Market Monitoring The first announced rule will “enable NFA to make better use of technology in order to better monitor...CFTC Enforcement Blitz: Eagle, Intrade, Cantor, Harbor Light
Posted byElan Mendel on Nov 27, 2012 in CFTC, Commodity Pool Operator, Commodity Trading Advisor, Dodd-Frank, Enforcement Actions, Featured, Futures Commission Merchant, Restricted, Social Media | 0 comments
The U.S. Commodity Futures Trading Commission (CFTC) seems to be increasing the rate of its enforcement of financial regulation. The agency issued four new enforcement actions in the last week, against Eagle Market Makers, Cantor Fitzgerald, Harbor Light, and most recently, Intrade. CFTC Issues Enforcement...Update: CFTC Issues Final Rule to Amend Existing Swaps Regulation
Posted byElan Mendel on Oct 16, 2012 in Dodd-Frank, Featured, Futures Commission Merchant, New Rules, Restricted, Social Media, Swap Dealer | 0 comments
The Commodity Futures Trading Commission (CFTC) today voted 5-0 to approve a rule that amends current swaps regulation. Specifically, the CFTC has amended “certain definitions and recordkeeping regulations” so that they apply to both futures and swaps. “As an example, futures commission merchants...NFA Returns Peregrine Fine
Posted byFelix Shipkevich on Sep 12, 2012 in Enforcement Actions, Featured, Futures Commission Merchant, National Futures Association, Restricted, Social Media | 0 comments
In a gesture intended to help Peregrine Financial Group’s former clients and other creditors recover more of their funds, the National Futures Association (NFA) has returned a fine levied on the troubled brokerage in February, a spokesman for the agency said. The $700,000 fine, part of a settlement related...