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Regulation

16:36 December 1st 2013 in Analysis, Regulation

CFTC in Flux

With political divides, claims of insufficient funding to fulfill its role, a potential shortage of senior staff and a wide array of challenges facing its new chairman, is the CFTC in an even greater state of flux than the markets ...
Dutch giant becomes the latest to settle Libor charges. Colin Lambert reports. Rabobank has become the latest financial markets player to be hit with fines over the London Interbank Offered Rate (Libor) scandal. The Dutch giant faces penalties of more ...
David Meister, director of the Division of Enforcement at the US Commodity Futures Trading Commission (CFTC) has stepped down from the role. Meister will be replaced by Gretchen Lowe, who is taking the role in an acting capacity. Lowe is ...
Timothy Massad will be stepping down from his post with the US Treasury later this year, furthering speculation that he is in-line to become the next chairman of the Commodity Futures Trading Commission (CFTC). New York Times reports have linked ...

19:50 November 1st 2013 in Analysis, Regulation

RJ O’Brien Fined by CFTC

The Commodity Futures Trading Commission has issued an order filing and settling charges against R.J. O’Brien & Associates, a CFTC-registered futures commission merchant (FCM) based in Chicago, Illinois, for unlawfully commingling secured foreign futures and options customer funds with ...

19:48 November 1st 2013 in Analysis, Regulation

CFTC Hits FXDD...Again

The Commodity Futures Trading Commission has taken further action against FX DirectDealer (FXDD). According to CFTC, between November 2010 and December 2012, FXDD, a CFTC-registered Retail Foreign Exchange Dealer (RFED) and Futures Commission Merchant (FCM) headquartered in New York, failed to comply ...
Knight Capital Americas has agreed to pay $12 million to settle charges made by the Securities and Exchange Commission (SEC) following its system meltdown last year, which brought the firm close to bankruptcy. The regulator investigated the causes and preventability of ...
Authorities both sides of the Atlantic have slapped Icap Europe with a fine relating to staff activities at the interdealer broker during the Libor fixing scandal. The Commodity Futures Trading Commission (CFTC) announced it was bringing and settling charges of ...

19:04 October 1st 2013 in Analysis, Regulation

CFTC Appoints Head of DMO

The Division of Market Oversight at the Commodity Futures Trading Commission (CFTC) has a new head. The division, which is responsible for enforcing and enacting Dodd-Frank guidelines as part of its overall responsibilities, has named Vincent McGonagle as the new ...
The Commodity Futures Trading Commission says it has obtained a federal court consent Order against defendants Alex Ekdeshman of New Jersey, and Paramount Management, requiring them to pay $1,146,000 in restitution to defrauded customers and a $1,337,000 civil monetary penalty. The Consent ...