The National Futures Association has sent a rule submission letter to the CFTC regarding new disclosure obligations for FCMs, IBs, CPOs, CTAs, and Pools and Managed Account Programs engaging in virtual currency derivatives and virtual currency transactions as well as other activities in underlying or spot virtual currencies would require the new disclosure.
Today the National Futures Association issued a press release announcing that its board approved the formation of a Swaps Proficiency Requirements Advisory Committee which will oversee the development of a Swaps Proficiency program for individuals to be tested on, according to the Commodity Exchange Act’s training standards. The exam would test Associated Persons on market […]
NFA Fines XFA Introducing Broker $100,000 For Compliance Violations Today the National Futures Association announced it ordered X-Change Financial Access, LLC. (XFA) Introducing Broker based in Chicago a $100,000 penalty for lack of “adequate supervisory procedures” to monitor and prevent violations of NFA Member Responsibility Action (MRA). Full Press Release below, “The Decision, issued by NFA’s […]
Last week the NFA sent a notice regarding the Department of Treasury’s Office of Foreign Assets Control (OFAC) as it applies to Virtual Currency such as Bitcoin. The NFA urges its Futures Commission Merchants (FCM) and Introducing Brokers (IB’s) to review the OFAC FAQ for cryptocurrency transactions compliance with their Anti-Money Laundering program.
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 released a statement of three regulated US Exchanges, CME, CFE, and Cantor self-certified new contract for Bitcoin futures and products. On Friday December 1st, the CFTC announced that the world’s largest futures exchange, the Chicago Mercantile Exchange (CME) completed self-certification with the Commission to launch Bitcoin futures contract on December 18. Futures contracts […]
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.
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 analysis of NFA’s audits of the Peregrine Financial Group, uncovered countless auditing oversights in the wake of the $200 million […]
FIA Speaks features CFTC Chairman Giancarlo as the guest for Episode #1; New Episodes Coming Soon Washington, DC – FIA today launched FIA Speaks—a podcast to provide... London, U.K. —FIA President and CEO Walt Lukken today named Bruce Savage as the new Head of Europe. Savage, who will join FIA this summer, has spent 21 years with Deutsche Bank in a variety of...Washington, DC—FIA President and CEO Walt Lukken today issued the following statement on the passing of Senator Richard Lugar: “It’s difficult for me to articulate the influential impact...Washington, D.C. – FIA President and CEO Walt Lukken today issued the following statement on the passing of former CFTC Commissioner Bart Chilton: “Our industry mourns the unexpected...ISDA and FIA have responded to the European Commission’s feedback consultation regarding the draft equivalence decisions for financial benchmarks in Singapore and Australia under the European...From February 13-15, 2019, FIA and the SIFMA Asset Management Group hosted their annual forum, which brings together market participants from all sides of a trade to examine the latest...On 5 April, FIA co-signed a letter to HM Treasury and FCA regarding the equivalence of EEA trading venues. Signing the letter alongside FIA were ISDA (International Swaps and Derivatives... (Feed generated with FetchRSS) […]
Press Release - Basel Committee reports on Basel III implementation progress, 7 May 2019. Release of the "Sixteenth progress report on adoption of the Basel regulatory framework". […]
Press release about Basel Committee issuing a consolidated version of its standards (9 April 2019) […]
FINRA and the SEC’s Office of Investor Education and Advocacy are issuing this Investor Alert to inform investors about social sentiment investing tools and highlight their risks. This Alert provides tips to consider before using tools that analyze or aggregate information from social media sources to make investment decisions or attempt to predict changes in the stock market’s direction or in the price of a security. […]
Press release about "2019 Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets" (29 March 2019) […]
Press release about Basel Committee publishing follow-up reports on Basel III implementation assessments (25 March 2019) […]
Press Release - Carolyn Rogers appointed as the next Secretary General of the Basel Committee, 22 March 2019. […]
Press Release - Basel III monitoring results published by the Basel Committee, 20 March 2019. […]
FINRA is aware of a recent scheme that involved an unregistered individual impersonating a registered investment professional to lure in potential investors. This scammer created a fake version of a public FINRA BrokerCheck® report of a legitimate broker—picking an experienced broker with a spotless regulatory record. […]
CPMI Press release "Jurisdictions move forward towards implementing standards for payment, clearing and settlement", 14 March 2019 […]
(Feed generated with FetchRSS) […]
Press release about Pablo Hernández de Cos appointed as Chairman of Basel Committee on Banking Supervision […]
Press release about Basel Committee assessing Brazil's implementation of the NSFR regulation and the large exposures framework, 7 March 2019. […]
BIS Press Release - The March 2019 issue of the BIS Quarterly Review - Markets retreat and rebound […]
Press release about BCBS/IOSCO statement on the final implementation phases of the Margin requirements for non-centrally cleared derivatives, 5 March 2019. […]
Fake checks purported to be issued by FINRA appear to be back in circulation in 2019. The checks are counterfeit. Our updated Alert warns the public about job-search scams in which people who respond to ads or online job postings receive checks that appear to be from legitimate companies—including FINRA. […]
Press release about Basel Committee discussing policy and supervisory initiatives and approves implementation reports, 28 February 2019. […]
We are reissuing this alert because, as interest rates have increased in recent months, so have calls to FINRA from investors concerned that promotions for higher-than-average CD rates are in fact pitches for high-commission investment products. […]
Press release "CPMI-IOSCO assessment concludes that Switzerland has generally implemented the PFMI", 30 January 2019. […]
The Committee on the Global Financial System is issuing a report on "Establishing viable capital markets", 23 January 2019. […]
CFTC Law Copyright © 2019.