The International Organization of Securities Commissions articulated considerations for worldwide regulators evaluating cryptoasset trading platforms within their regulatory perimeter. However, IOSCO noted this assessment...more
A social media company and its wholly owned subsidiary sued by the Securities and Exchange Commission for conducting an offering of an unregistered digital security claimed that the agency was wrong in its characterization of...more
11/19/2019
/ Broker-Dealer ,
CFTC ,
Cross-Border Transactions ,
Cryptoassets ,
Cryptocurrency ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Initial Coin Offering (ICOs) ,
IOSCO ,
Professional Disciplinary Actions ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Swap Dealers ,
Unregistered Securities ,
Virtual Currency
Last week, a Canada-based social media company was sued by the Securities and Exchange Commission for purportedly conducting an unregistered securities offering to United States persons in connection with an initial coin...more
6/11/2019
/ ASIC ,
Blockchain ,
Broker-Dealer ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Enforcement Actions ,
Fiduciary Duty ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Stability Board ,
Initial Coin Offering (ICOs) ,
Investment Adviser ,
IOSCO ,
New Regulations ,
Proposed Rules ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Token Sales ,
Unregistered Securities ,
Virtual Currency
A trader who was summarily banned in August 2016 from all CME Group exchanges for 60 days on an emergency basis agreed to pay a fine and be banned for an additional 45 days to resolve disciplinary charges that he purportedly...more
Retail Foreign Exchange Dealer Agrees With CFTC and NFA to Cease Doing Business for Concealing Relationship With Closely Tied Market Maker -
Forex Capital Markets, LLC, a retail foreign exchange dealer, and two of its...more
Controller of FCM Named in CFTC Complaint, Along with Firm, for Failure to Timely Notify Commission of Segregation Breach:
Cunningham Commodities, LLC, a futures commission merchant registered with the Commodity Futures...more
5/17/2016
/ Commodity Exchange Act (CEA) ,
Corporate Culture ,
Cybersecurity ,
DIFC ,
Enforcement Actions ,
Futures Commission Merchants (FCMs) ,
IOSCO ,
ISDA ,
Material Nonpublic Information ,
RTO ,
Segregated Funds ,
Spoofing
UK Regulators Implement Tougher Pay Rules for Banking Institutions’ Senior Managers: The United Kingdom Prudential Regulation Authority and Financial Conduct Authority have adopted new rules regarding the remuneration of...more
6/30/2015
/ Banking Sector ,
Banks ,
Broker-Dealer ,
CFTC ,
Compliance ,
Cybersecurity ,
EMIR ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
Fraudulent Wire Transfers ,
Futures ,
Immigration and Customs Enforcement (ICE) ,
IOSCO ,
Monetary Authority of Singapore ,
National Futures Association ,
Scottrade ,
Singapore ,
Swaps ,
UK
Investment Adviser Chief Compliance Officer Blamed in SEC Lawsuit for President’s Theft of Client Funds; SEC Commissioner Criticizes Enforcement Actions Against CCOs Generally -
The Securities and Exchange Commission...more
6/23/2015
/ BlackRock ,
CEOs ,
CFTC ,
Chief Compliance Officers ,
Commodities ,
Corporate Officers ,
Enforcement Actions ,
European Securities and Markets Authority (ESMA) ,
Fraud ,
Futures ,
Investment Adviser ,
IOSCO ,
Material Misstatements ,
Misappropriation ,
Securities and Exchange Commission (SEC) ,
Swap Dealers ,
Underwriting
Two Traders Subject of CME Summary Suspension for Alleged Spoofing Sued by CFTC Too -
Last week, the Commodity Futures Trading Commission commenced a lawsuit in federal court in New York against Heet Khara and Nasim...more
5/12/2015
/ Broker-Dealer ,
CFTC ,
Enforcement Actions ,
European Commission ,
Financial Industry Regulatory Authority (FINRA) ,
High Frequency Trading ,
IOSCO ,
Money Services Business ,
Securities and Exchange Commission (SEC) ,
Small Cap Stocks ,
Spoofing ,
Tick Size
IOSCO Seeks Views on Business Continuity and Recovery Planning by Trading Venues and Intermediaries; NYS Warns on Third-Party Service Providers -
The International Organization of Securities Commissions issued two...more
4/14/2015
/ Algorithmic Trading ,
Banking Sector ,
Clearing Members ,
CPOs ,
Cybersecurity ,
Financial Institutions ,
Futures Commission Merchants (FCMs) ,
Investment Funds ,
IOSCO ,
Kraft ,
Ponzi Scheme ,
Price Manipulation ,
Securities and Exchange Commission (SEC) ,
Third-Party Risk ,
Third-Party Service Provider
ICE Futures Fined US $3 Million by CFTC for Reporting Errors and Untimely Response to Inquiries -
The Commodity Futures Trading Commission fined ICE Futures U.S., Inc. US $3 million last week for filing allegedly...more
3/24/2015
/ Algorithmic Trading ,
Broker-Dealer ,
Bureau of Industry and Security (BIS) ,
Capital Markets ,
CFTC ,
Enforcement Actions ,
Futures ,
Hong Kong ,
Investment Funds ,
IOSCO ,
Shanghai Futures Exchange
CFTC Issues CME Group Report Card: Scores Generally Good But NYMEX and COMEX Directed to Continue to Enhance Spoofing Surveillance -
The Chicago Mercantile Exchange Group found early presents under its Christmas tree...more
12/2/2014
/ Broker-Dealer ,
CFTC ,
Chicago Mercantile Exchange (CME) ,
Citigroup ,
CME NYMEX ,
Cross-Border ,
Deutsche Bank ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
HSBC ,
IOSCO ,
Regulatory Standards ,
Sanctions ,
Securities and Exchange Commission (SEC)
Broker-Dealer and Two Senior Officers Fined US $2.5 Million for Market Access Violations -
Wedbush Securities Inc. and two senior officers resolved an enforcement action previously filed against them during June 2014...more
11/25/2014
/ Alternative Trading System (ATS) ,
Banking Sector ,
Basel Committee on Banking Supervision (BCBS) ,
Broker-Dealer ,
Commodity Futures Contracts ,
Corporate Officers ,
ETFs ,
FinCEN ,
Insider Trading ,
Internal Controls ,
IOSCO ,
Legislative Committees ,
Market Access Rule ,
Regulation SCI ,
Securities and Exchange Commission (SEC) ,
Swaps
CFTC Proposes Margin Rules for Uncleared Swaps and Approves Special Treatment for Operations-Related Swaps With Certain Government-Owned Natural Gas and Electric Utilities -
A few weeks after the Federal Reserve Bank...more
9/24/2014
/ Block Trades ,
CFTC ,
Chicago Mercantile Exchange (CME) ,
Commodity Futures Contracts ,
Cross-Border Transactions ,
Derivatives ,
Electricity ,
Enforcement Actions ,
Federal Reserve ,
High Frequency Trading ,
IOSCO ,
Major Swap Participants ,
Margin Requirements ,
Natural Gas ,
Price Manipulation ,
Prudential Regulation Authority (PRA) ,
Securities and Exchange Commission (SEC) ,
Short Sales ,
Swap Dealers ,
Swaps ,
Utilities Sector