Mintco Precious Metals Traders Fined and Banned by CFTC Court Order Federal Court sides with CFTC Enforcement Actions filed on September 2015 against Florida-based Mintco LLC and their owners Stuart Rubin and Richard Q. Zimmerman. Consent Orders by Federal Judge Beth F. Bloom fines Mintco $250,000 and Zimmerman $45,000, as well as a 3-year trading […]
The CFTC defines its authority over retail commodity transactions involving virtual currency and Bitcoin after it brought enforcement actions against Bitfinex for not meeting “actual delivery” exemption. On Friday 15th 2017 the CFTC released a Proposed Interpretation of its view of the term “actual delivery” exception that may apply to virtual currency transactions under the Commodity […]
Recently appointed CFTC Chairman Tim Massad announced last week that there were “a lot of things” he would like to do to continue the CFTC’s goal of regulating financial markets, but that he is held back by strict congressional budget constraints
Maxine Waters, ranking member of the House Financial Services Committee, urged the CFTC this week to begin investigating the offshore actions of Wall Street banks in avoiding certain mandates set forth in the Dodd-Frank Act.
The Commodity Futures Trading Commission issued a no-action letter on Friday, stating that the Commission will be extending its overseas trading rules deadline, giving overseas traders more time to comply with the CFTC’s rules.
Several commissioners have spoken out over the CFTC’s no action letters, finding that many of them were instituted without leaving them enough time to give their own input into the matter.
Outside of Massad, CFTC nominees Sharon Y. Bowen and J. Christopher Giancarlo, who are slated to take on roles as commissioners, will also be answering some questions for the Senate.
The agreement will relieve EU trading platforms from being affected by US derivative trading rules, at least for the time being.
The certification means that certain swaps handled by both TrueEx and Tradeweb will now fall under the trade execution mandate, and will now have to be traded over swap execution facilities (SEFs).
FinanceFeeds - FinanceFeeds is hosting a one-day seminar-style conference in Limassol, Cyprus tomorrow, June 21, 2018. 65 senior industry executives will join... The post See you all tomorrow at the FinanceFeeds Cyprus FX Industry Seminar – Join us and 65 senior executives appeared first on FinanceFeeds. […]
FinanceFeeds - On June 28, FinanceFeeds will host over 100 senior movers and shakers, and engage with panelists Athol Nourse, Director of Business development of Spectre.ai -The worlds first brokerless Blockchain platform, joined by leading IBs, influencers and mentors Bernard Tokonya, and Siaybulela Mzo, along with marketing and new-economy expert Albert Van Zyl The post FinanceFeeds to host Africa’s largest B2B blockchain event: The South Africa Crypto Summit appeared first on FinanceFeeds. […]
FinanceFeeds - The temporary period will last until July 2, 2018, as ESMA has concluded that there is no need to extend it further. The post ESMA warns period for smooth introduction of LEIs not to be extended after July 2018 appeared first on FinanceFeeds. […]
FinanceFeeds - ASIC has a number of administrative responses available when a firm is in breach of its licence obligation to maintain AFCA membership. The post ASIC clarifies its oversight of new external dispute resolution body AFCA appeared first on FinanceFeeds. […]
FinanceFeeds - EY will conduct a review of the root-cause analysis, major factors of the incident and the effectiveness of Visa's disaster recovery. The post Visa hires external party to conduct review of latest system failure, replies to UK Treasury Committee appeared first on FinanceFeeds. […]
FinanceFeeds - Be a major sponsor at the most important FX industry Expo in the world's fastest growing region for FX and electronic trading The post FinanceFeeds invites you to participate in Malaysia’s Premier B2B FX Industry Expo appeared first on FinanceFeeds. […]
FinanceFeeds - FinanceFeeds met with Mr Chesterman to look at his perspective on his new role and his vision for the FX industry's future from a prime of prime point of view. The post FinanceFeeds speaks with Mark Chesterman on his prime of prime vision appeared first on FinanceFeeds. […]
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Statement of FIA President and CEO Walt Lukken on the unanimous vote of House Financial Services Committee in passing H.R. 5749, the "Options Market Stability Act." “FIA thanks Reps....On June 14, the Futures Industry Association and the Commodity Markets Council submitted a petition asking the Commodity Futures Trading Commission to amend the Ownership and Control Reports Rule...Cryptocurrency futures made their debut in the U.S. at the end of 2017. What are the prospects for similar products to be launch in Europe? What is the appetite among retail and institutional...While transitional arrangements look set to avoid a cliff-edge impact, Brexit will change the landscape for listed derivatives in Europe. Moderator: Simon Puleston Jones...FIA today released survey results that provide a high level snapshot into clearing brokers’ progress with their Brexit contingency plans, the issues they face when structuring and executing such...FIA offered comments to the European Central Bank on June 5 regarding the draft cyber resilience oversight expectations for financial market infrastructures. In the comments, FIA urged the... On 4 June, FIA submitted comments to the China Securities Regulatory Commission (CSRC) on its proposal to increase foreign investment limits for Chinese futures companies. The CSRC... (RSS generated with FetchRss) […]
FinanceFeeds - The deadline for comments is July 2, 2018, whereas the expected decision date is August 13, 2018. The post UK competition regulator invites comments on ION-Fidessa deal appeared first on FinanceFeeds. […]
FinanceFeeds - Pushy representatives of binary options brokers approach potential clients via phone, which adds to aggressive social media marketing campaigns of binaries. The post Despite ban, binary options brokers continue to target Quebec investors appeared first on FinanceFeeds. […]
FinanceFeeds - The move is targeted at newbies who are looking for a way to open a new account with the broker. The post TradeStation enables account opening directly from mobile app for Android devices appeared first on FinanceFeeds. […]
Press Release on the pre-release of two special chapters of the Annual Economic Report of the BIS, 17 June 2018. Trust is the missing link in today's cryptocurrencies - Cryptocurrencies' model of generating trust limits their potential to replace conventional money, the Bank for International Settlements (BIS) writes in its Annual Economic Report (AER), a new title launched this year. […]
Basel Committee issues capital treatment for simple, transparent and comparable short-term securitisations, 14 May 2018 […]
BCBS and IOSCO issue criteria for identifying simple, transparent and comparable short-term securitisations, 14 May 2018 […]
FINRA is re-issuing this alert to remind investors about the key elements of their brokerage account statements and trade confirmations and to provide tips that can help avoid problems. […]
BIS Statement of commitment to the FX Global Cod […]
CPMI Press Release "Central banks urge industry wide take-up of strategy to improve wholesale payments security", 8 May 2018. […]
BIS Press Release "Jens Weidmann to continue as Chair of the BIS Board", 8 May 2018. […]
Press release about CPMI and IOSCO issuing a report on Implementation monitoring of PFMI: follow-up Level 3 assessment of CCPs recovery planning, coverage of financial resources and liquidity stress testing, 3 May 2018. […]
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