FDIC Hosts Use of Technology in the Business of Banking Forum in Arlington, Virginia The Federal Deposit Insurance Corporation (FDIC) will host a forum on the Use of Technology in the Business of Banking on Monday, May 7, 2018. Panels will focus on emerging technologies that are transforming banking operations; the impact of emerging technologies on retail banking, including […]
Floor Broker Fined $150,000 by the CFTC for “Spoofing” CME Wheat Futures Market The CFTC fined Anuj C. Singhal $150,000 to settle charges for “spoofing” the Chicago Mercantile Exchange (CME) wheat futures market. The relevant period of the offense was at least between March and June 2016, but this was a repeat offense since disciplinary […]
Aegis Capital Pays $1.3 Million for Anti-Money Laundering Violations FINRA and the Securities Exchange Commission have fined Aegis Capital Corp., NY based Broker-Dealer, $550,000 and $750,000, respectively, in enforcement actions for Anti-Money Laundering (AML) Violations. FINRA Fines Aegis Capital Corp. $550,000 On March 28th FINRA announced in a press release that they had fined Aegis Capital over half […]
CFTC Asks Court To Serve Summons Through Email for Bitcoin Scammer Dillon Dean Bitcoin binary options trader Dillon Michael Dean is strategically avoiding the CFTC court summons accusing him and his company of fraud. On January 18th the Commission filed an enforcement action against Dean and his company, The Entrepreneurs Headquarters Limited, alleging they misappropriated over […]
Court Fines Former Pastor Wesley Allen Brown and Associates $8.6 for Defrauding Church Members On March 23, 2015 the CFTC filed a civil enforcement action against defendants Allen Brown, a former pastor now serving time in prison, for defrauding church congregants in violation of federal commodity laws. Brown abused his position as a religious leader […]
Federal Judge Sides With CFTC in Patrick McDonnell Bitcoin Fraud Case In January 18, 2018 the CFTC filed a complaint against Patrick McDonnell and his company CabbageTech, Corp. d/b/a Coin Drop Markets charging them with fraud in purchases and trading of Bitcoin and Litecoin. Yesterday’s hearing on March 6th, the Honorable Jack B. Weinstein of the U.S. […]
CFTC Issues Its First Virtual Currency “Pump-and-Dump” Schemes Warning The Commission continues its involvement in the virtual currency market. On February 15th the CFTC issued its first ever Costumer Advisory warning against virtual currency “pump-and-dump” schemes. Asserting its jurisdiction over cryptocurrency the original press release from the Commission reads, “the CFTC maintains general anti-fraud and […]
Government Shutdown Causes CFTC to Reschedule TAC Meeting on Cryptocurrency The CFTC had scheduled their Technology Advisory Committee ( TAC meeting ) on Cryptocurrency for January 23rd (Tomorrow), but today issued the following press release: CFTC Cancels TAC Meeting Scheduled for January 23 Washington, DC — Due to a lapse in appropriations that occurred at midnight […]
Joint Statement Addressing Virtual Currency by CFTC and SEC Enforcement Directors. Both the CFTC and the Security Exchange Commission (SEC) became increasingly active last year enforcing their jurisdiction in the virtual currency landscape. On December 2017 the SEC Chairman Jay Clayton issued a statement on the state of Cryptocurrency and Initial Coin Offerings (ICOs). Promptly the […]
On January 18, 2018 the CFTC filed a civil enforcement action and a federal civil enforcement action in the U.S. District Court for the Eastern District of New York against The Entrepreneurs Headquarters Ltd., and CabbageTech, Corp. d/b/a Coin Drop Markets (CDM), respectively, for fraudulent schemes. Both charges involve fraud in Bitcoin virtual currency, signaling the Commission […]
FinanceFeeds - Tallinex has failed to appear or otherwise defend, and the time allowed by law for answering has expired. The post CFTC secures default order against Tallinex as broker does not reply to complaint appeared first on FinanceFeeds. […]
FinanceFeeds - "What is going to drive your urgency? In my office, there are three things that drive urgency. The first is desire. People who want to achieve something then they have a massive desire so they will keep progressing" - Nigel Green, CEO, deVere Bank The post Urgency in the trading industry. Is it impatience or a key to success? deVere Bank CEO Nigel Green debates appeared first on FinanceFeeds. […]
FinanceFeeds - Although the Russian government said it formally supports the bill, it outlined numerous problematic aspects in the document that should be corrected before the second reading. The post Russian govt criticizes cryptocurrency bill appeared first on FinanceFeeds. […]
FinanceFeeds - The fact that Matthew Connolly left his employment at Deutsche Bank in March 2008 is set to prove he was unable to further the alleged conspiracy. The post Former Deutsche Bank trader seeks to prove detachment from LIBOR-rigging conspiracy appeared first on FinanceFeeds. […]
FinanceFeeds - The suspension commences at 9:30 a.m. EDT on April 23, 2018 and is set to end at 11:59 p.m. EDT on May 4, 2018. The post SEC suspends trading in IBITX Software securities due to cryptocurrency platform operation appeared first on FinanceFeeds. […]
FinanceFeeds - SS&C must, by 5.00pm on May 4, 2018, either announce a firm intention to make an offer for Fidessa or announce that it does not intend to make an offer for Fidessa. The post UK Takeover Panel gives SS&C until May 4th to state firm intentions about Fidessa appeared first on FinanceFeeds. […]
FinanceFeeds - The case is going away from public view, as the US Government believes that certain information could be used to identify co-conspirators of Elbaz and/or subjects of the Government’s investigation into binary options fraud. The post Former Yukom’s CEO Lee Elbaz pleads “not guilty” in binary options fraud case appeared first on FinanceFeeds. […]
Press release about the Basel Committee urging full, timely and consistent implementation of Basel III post-crisis reforms (23 April 2018). Today the Basel Committee on Banking Supervision (BCBS) issued the Fourteenth progress report on adoption of the Basel regulatory framework. The report sets out the adoption status of Basel III standards for each BCBS member jurisdiction as of end-March 2018. It includes for the first time the finalised Basel III post-crisis reforms published by the Committee in December 2017. These recent reforms will take effect from 1 January 2022. […]
FinanceFeeds - SONIA now captures a broader scope of overnight unsecured deposits, by including bilaterally negotiated transactions alongside brokered transactions. The post Bank of England confirms implementation of SONIA reforms appeared first on FinanceFeeds. […]
FinanceFeeds - FinanceFeeds China met Paul Henry Familiaran, eToro's Head of Southeast Asia Region, following the company’s $100 million investment round led by China Minsheng Financial. The post eToro’s expansion into Asia: Another VC investment, another upward move in APAC. An Interview with FinanceFeeds in Shanghai appeared first on FinanceFeeds. […]
FinanceFeeds - Although there has been no order by the Court to file claims in the bankruptcy case of Global Brokerage, some companies and individuals have acted proactively. The post Insurance, taxes, hosting: FinanceFeeds looks at the first claims against Global Brokerage appeared first on FinanceFeeds. […]
FSI press release, 16 April 2018 […]
On 3 April 2018, FIA submitted a letter (attachment below) to the Singapore Exchange in response to their proposed refinements to the SGX-DC Clearing Fund structure . The proposed amendments are...On March 20, FIA submitted a letter to the Commodity Futures Trading Commission responding to the CFTC's proposed interpretation of how its rules apply to retail trading in bitcoin and other...FIA recently published eight sets of contractual indirect clearing terms to help clearing firms document indirect clearing arrangements under MiFIR and EMIR. Developed by FIA with Clifford Chance... Washington, DC - FIA President and CEO Walt Lukken today made the following statement after the House Financial Services Committee passed H.R. 4659 to properly calibrate the capital charges...On 14 March, FIA submitted a response to the European Commission’s Fitness Check on Supervisory Reporting. The aim of this consultation is to assess whether supervisory reporting frameworks in... Chair: Nick Solinger, President, FIA Tech Speakers: Cameron Winklevoss, Co-Founder & President, Gemini Cameron Winklevoss, Co-Founder &...The launch of bitcoin futures has attracted the world’s attention in recent months. But the speed with which these products came to market has left an education gap as potential users look for... (RSS generated with FetchRss) […]
Press release about CPMI and IOSCO issuing guidance on supervisory stress testing of central counterparties (CCPs)", 10 April 2018. […]
Press release about CPMI and IOSCO issuing technical guidance on harmonisation of critical OTC derivatives data elements (other than UTI and UPI), 9 April 2018. […]
If putting all your financial information online and in one place sounds like a good idea, there are many companies—often called data aggregators—ready to help you organize your financial life. However, before you share your account information and other sensitive financial details with data aggregators, it pays to know how these services operate, and how to protect yourself from potential privacy and security risks. […]
Press release about BCBS publishing an outline of discussions at its meeting on 15-16 March 2018 in Basel and announcing it will publish summaries of each meeting in future (23 March 2018) […]
Press release about BCBS issuing "Revisions to the minimum capital requirements for market risk - consultative document" (22 March 2018) […]
Press release about new members joining the Committee on Payments and Market Infrastructures (19 March 2018) […]
Press release about announcing the "20th International Conference of Banking Supervisors to be held in the United Arab Emirates" (16 March 2018) […]
CFTC Law Copyright © 2017.