CFTC, Libor Usher in New Era of Financial Penalties
Posted byFelix Shipkevich on Dec 17, 2012 in CFTC, Commodity Pool Operator, Dodd-Frank, Enforcement Actions, Featured, Restricted, Social Media | 0 comments
The U.S. Commodity Futures Trading Commission (CFTC), in conjunction with the fallout from the Libor scandal, has recently upped the ante for financial penalties. The new fervor on the part of regulators to exact financial penalties is embellished by today’s announcement that UBS AG, accused of...Is the Volcker Rule Vulnerable?
Posted byElan Mendel on Dec 14, 2012 in CFTC, Dodd-Frank, Featured, Restricted, Social Media | 0 comments
The Volcker Rule, a linchpin of U.S. financial regulation, is under attack from two directions this week, and with one of its leading supporters leaving office, it may be more vulnerable than ever. House Republicans assailed the Volcker Rule, which would place severe restrictions on proprietary trading and...CFTC Charges Arista LLC with $9.5 Million Commodity Pool Fraud
Posted byFelix Shipkevich on Dec 13, 2012 in CFTC, Commodity Pool Operator, Commodity Trading Advisor, Enforcement Actions, Featured, Registration, Restricted, Social Media | 0 comments
The U.S. Commodity Futures Trading Commission (CFTC) today filed an enforcement action against Arista LLC, a registered commodity pool operator (CPO) based in California. The enforcement action alleges that Arista LLC principals Abdul Sultan Waliji and Reniero Francisco defrauded investors, made false...CFTC Chief Asks Congress for More Money Amid Fiscal Cliff Talks
Posted byElan Mendel on Dec 13, 2012 in CFTC, Dodd-Frank, Featured, Restricted, Social Media | 0 comments
U.S. Commodity Futures Trading Commission (CFTC) chairman Gary Gensler went before Congress on Wednesday to outline the CFTC’s achievements and to make a case for more funding. Speaking before the U.S. House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises,...CFTC Report Brings HFT, Flash Crashes Back to Media Spotlight
Posted byFelix Shipkevich on Dec 11, 2012 in CFTC, Dodd-Frank, Featured, High-Frequency Traders, Restricted, Social Media, Uncategorized | 0 comments
A report by U.S. Commodity Trading Futures Commission (CFTC) chief economist Andrei Kirilenko that shows the advantages of high-frequency traders over small investors is turning the public eye back toward trading and technology. The report states that high-frequency traders cost retail investors roughly $5...After Latest Goldman Violation, CFTC’s Chilton Wants Harsher Penalties
Posted byElan Mendel on Dec 10, 2012 in CFTC, Dodd-Frank, Enforcement Actions, Featured, New Rules, Restricted, Social Media | 0 comments
U.S. Commodity Futures Trading Commission (CFTC) commissioner Bart Chilton has renewed his call for Congress to raise the maximum civil monetary penalty for entities and persons who violate financial regulation. In a statement released Friday, Chilton dissented from the CFTC’s statement on recent...CFTC Struggles to Find the Rhythm of Regulation
Posted byFelix Shipkevich on Dec 7, 2012 in CFTC, Dodd-Frank, Enforcement Actions, Featured, New Rules, Registration, Restricted, Social Media | 0 comments
The U.S. Commodity Futures Trading Commission (CFTC) is struggling to find a rhythm for new rules meant to curb systemic risk in the financial system. Bloomberg is now reporting that the CFTC may delay derivatives compliance rules for overseas wings of U.S. Banks JPMorgan Chase & Co. and Goldman Sachs...CFTC Cracks Down on Commodity Pool Ponzi Schemes
Posted byElan Mendel on Dec 6, 2012 in CFTC, Commodity Pool Operator, Enforcement Actions, Featured, Restricted, Social Media | 0 comments
The U.S. Commodity Futures Trading Commission (CFTC) issued a statement yesterday announcing that Judge Edward J. Lodge of the U.S. District Court of Idaho entered a permanent injunction requiring Trigon Group, Inc, to return $20.6 million in ill-gotten gains. Trigon is accused of operating a commodity pool...CFTC Update: Federal Court Orders Forex Capital, Highland Stone Capital to Pay $1.8m
Posted byFelix Shipkevich on Dec 5, 2012 in CFTC, Enforcement Actions, Featured, Restricted, Social Media | 0 comments
The U.S. Commodity Futures Trading Commission (CFTC) has issued a report stating that Judge Katherine Forest of the U.S. District Court for the Southern District of New York has ordered Forex Group, Forex Partners, and Highland Stone to pay more than $1.8 million in penalties and ill-gotten gains. The order...CFTC, Foreign Regulators Issue Joint Statement on OTC Derivatives
Posted byFelix Shipkevich on Dec 4, 2012 in Australia ASIC, Canada CSA, Canada IIROC, CFTC, Dodd-Frank, Featured, Forex, Germany Bafin, Hong Kong SFC, Japan FSA, New Rules, Restricted, Social Media | 0 comments
The U.S. Commodity and Futures Trading Commission (CFTC) issued a joint statement with foreign regulators today that outlines plans for cross-border rules. The joint statement was signed by regulatory leaders from Australia, Brazil, the European Union, Hong Kong, Japan, Canada, Singapore, and...