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 National Futures Association’s (NFA) board of directors today announced two new rules that aim at customer protection. The rules were approved at a November 15 meeting.
Entities that regulate the derivatives industry, like the SEC and CFTC, are proposing new rules that increase protections of customer funds.
Peregrine Financial Group CEO Russ Wasendorf Sr. pleaded guilty to four felony counts on Monday in Cedar Rapids, Iowa.
In a gesture intended to help Peregrine Financial Group’s former clients and other creditors recover more of their funds, the NFA has returned a fine levied on the troubled brokerage in February, a spokesman for the agency said.
The FIA Operations Americas Division is pleased to announce that the 2018-2019 Scholarship Application is now available on-line. Once again, we are proud to confirm that the division will be...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 &... (RSS generated with FetchRss) […]
FinanceFeeds - The company registered a net income of $16.1 million, compared to a loss of $18.9 million a year earlier. The post GAIN Capital’s earnings rise in Q1 2018, as retail and institutional volumes grow appeared first on FinanceFeeds. […]
FinanceFeeds - The SEC wants detailed information from PlexCorps' founders and managers about their trips to the US and their communications with US residents. The post SEC wants to dig deeper into US-related activities of cryptocurrency firm PlexCorps appeared first on FinanceFeeds. […]
FinanceFeeds - The regulator has been reviewing Direct FX's compliance with its financial obligations since October 2017. The post ASIC temporarily suspends AFS license of Direct FX appeared first on FinanceFeeds. […]
FinanceFeeds - The service aims to help website owners by preventing domain name hijacking. The post GMO Internet’s Onamae.com launches domain protection service appeared first on FinanceFeeds. […]
FinanceFeeds - Despite the costs associated with the launch of Monex Securities Australia Pty Ltd, the APAC business segment recorded a profit of ¥46 million in the quarter to March 31, 2018. The post Monex’s APAC business marks solid final quarter of FY2018 appeared first on FinanceFeeds. […]
FinanceFeeds - Patrick McDonnell, a defendant in a virtual currency fraud case, says he is “a sacrificed pawn in a bigger game”. The post Alleged cryptocurrency fraudster challenges CFTC’s regulatory powers over Bitcoin appeared first on FinanceFeeds. […]
FinanceFeeds - The contribution of the Commission itself, however, is humbler – it will be increased by €1.5 billion for the period 2018-2020 under the Horizon 2020 research and innovation program. The post European Commission tells public, private sectors to hike investments in AI by €20bn by end-2020 appeared first on FinanceFeeds. […]
FinanceFeeds - The latest virtual currency business to be sanctioned is Everybody's Bitcoin Inc. The post Japanese authorities keep issuing business improvement orders against cryptocurrency firms appeared first on FinanceFeeds. […]
FinanceFeeds - We investigate in great detail how misleading and fantasy-filled advertisement is being allowed to prevail, and document the bizarre response of the broker concerned when approached. Facebook and Google create hardship for the good guys, yet those with a track record of shapeshifting continue The post The odious advertising continues. Best in Germany? My foot – FinanceFeeds investigation appeared first on FinanceFeeds. […]
FinanceFeeds - Nordea says 70% of its customers in Sweden who started to save through Nora have not previously saved with the bank. The post Nordea’s digital savings adviser Nora shows promising results 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. […]
FSI press release, 16 April 2018 […]
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) […]
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