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 […]
The Bank for International Settlements (BIS) and the Hong Kong Monetary Authority (HKMA) have today signed an Operational Agreement on the BIS Innovation Hub Centre in Hong Kong SAR. […]
Press Release - Senior officials from public authorities meet on stablecoins, Basel, 16 September 2019. […]
FIA and ISDA sent a joint comment letter today in response to the CFTC’s call to enhance the rules governing various aspects of the Core Principles applicable to derivatives clearing organizations...On 6 September, FIA submitted a response to ESMA to their consultation on the development in prices for pre- and post-trade data and on the consolidated tape for equity instruments. The...FIA is circulating this notice to inform FIA members that an important new set of template disclosures have been added to the FIA's online documentation library. On July 10, the Commodity...FIA’s commodities members wrote in support of the CFTC’s efforts to improve its swap data reporting rules and stressed the importance of the Commission and public having access to accurate and...FIA today submitted a comment letter in support of the CFTC and SEC’s effort to update, harmonize and simplify decades-old rules with respect to the minimum required margin to be collected by...On Aug. 5, FIA filed a comment letter with the U.S. Commodity Futures Trading Commission in response to the CFTC’s “Foreign Futures and Options Transactions” proposal. The proposal would codify...FIA joined with the International Swaps and Derivatives Association in responding to a discussion paper on the design of default management auctions conducted by central counterparties in case of...(Feed generated with FetchRSS) […]
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Financial fraud routinely follows on the heels of disaster. Hurricanes and their aftermath are no exception. We are issuing this Alert to warn investors that investment scams may come your way touting stocks and other investments with the promise of huge gains in the wake of major hurricanes. […]
FINRA updated and is reissuing our 529 saving savings plan investor alert to highlight Jobs Act changes, and to remind investors to closely consider both their state of residency and the applicable fees—including fees associated with share classes—when making 529 investment decisions. […]
Press Release - Basel Committee and IOSCO agree to one-year extension of the final implementation phase of the margin requirements for non-centrally cleared derivatives, 23 July 2019. […]
As an investor, you may have read about "Class A," "Class B," Class C", or other classes of mutual fund shares. If you are thinking about choosing one of these classes, it is important for you to understand the differences between them. FINRA regulates broker/dealers and their registered representatives, and we provide investors with information about securities products and services. […]
The Bank for International Settlements (BIS) today announced the appointment of Alexandre Tombini as Chief Representative for the Americas. […]
Press release about Basel Committee assesses members' implementation of the Net Stable Funding Ratio and large exposures framework, 4 July 2019. […]
BIS press release on the presentation of the Annual Economic Report 2019, 30 June 2019. Monetary policy can no longer be the main engine of economic growth, and other policy drivers need to kick in to ensure the global economy achieves sustainable momentum, the Bank for International Settlements (BIS) writes in its Annual Economic Report. […]
BIS press release "BIS to set up Innovation Hub for central banks", 30 June 2019. […]
Press Release - Basel Committee finalises revisions to leverage ratio treatment of client cleared derivatives and disclosure requirements to address window-dressing, 26 June 2019. […]
Press Release - Basel Committee publishes literature review on the costs and benefits of bank capital, 24 June 2019. […]
Press Release on the pre-release of one chapter of the Annual Economic Report of the BIS, 23 June 2019. Big tech in finance: opportunities and risks. […]
Press Release - Overview of Pillar 2 supervisory review practices and approaches published by the Basel Committee, 21 June 2019. […]
Press Release - Basel Committee discusses policy and supervisory initiatives and approves implementation reports, 20 June 2019. […]
CPMI and IOSCO press release about "A discussion paper on central counterparty default management auctions", 5 June 2019 […]
CPMI press release: A new online database allows easy navigation of the current and past CPMI and IOSCO Level 2 assessments, 31 May 2019 […]
CPMI publishes new data on correspondent banking networks showing 20% reduction in relationships over seven years, 27 May 2019 […]
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