Customer Protection Fund: Slip it to SIPC
The Commodity Futures Trading Commission recently released two no-action letters (i) extending relief provided to futures commission merchants (FCMs) relating to risk-based limits for bunched orders and (ii) providing relief...more
The National Futures Association (NFA) has amended the financial requirements applicable to member futures commission merchants (FCMs) acting as counterparties in foreign exchange (forex) transactions...more
Watch the Restoring Customer Confidence video series: http://jlne.ws/TJeVtG About this solution: If there is one solution to restoring customer confidence in futures that has been talked about more than any other, it...more
On October 23, the CFTC proposed new regulations and amendments to existing regulations to enhance protections for customers and to strengthen safeguards for the holding of money, securities, and other property deposited by...more
In This Issue: - CFTC Proposes Rules For Future Commission Merchants and Derivative Clearing Organizations - CFTC Adjusts the Maximum Civil Monetary Penalties for Inflation - CFTC Announces Temporary...more
The U.S. Commodity and Futures Trading Commission (CFTC) continues to have a tumultuous week at home, abroad, and even within its own organization, all while dealing with the aftermath of Hurricane Sandy....more
The Commodity Futures Trading Commission published proposed rules that are designed to increase protections for customers and customer funds held by futures commission merchants (FCMs) and derivatives clearing organizations...more
The Commodity Futures Trading Commission has announced that it will hold a public meeting to consider proposed rules that would enhance protections afforded customers and customer funds held by futures commission merchants...more
On October 4, the CFTC released guidance to registered futures commissions merchants (FCMs) which identifies a situation whereby FCMs may be inappropriately utilizing an omnibus account with their clearing FCM in which they...more
The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight has issued guidance clarifying that futures commission merchants (FCMs) may not maintain customer segregated funds (i.e.,...more
On September 26, 2012, the CFTC's Division of Clearing and Risk issued a no action letter granting an extension of time for compliance from certain pre trade screening requirements. Section 1.73 of the CFTC's clearing member...more
In a letter to the Futures Industry Association, the Commodity Futures Trading Commission’s Division of Clearing and Risk has extended the time for clearing member FCMs to comply with certain provisions of CFTC Rule 1.73....more
The Commodity Futures Trading Commission’s Division of Clearing and Risk (Division) has advised clearing member futures commission merchants (FCMs) and derivatives clearing organizations (DCOs) of the Division’s position...more
On September 11, the CFTC requested public comment on a petition from ICE Clear Europe Limited for an order pursuant to Section 4d(a) of the Commodity Exchange Act which would permit ICE Clear Europe and its clearing members...more
The CFTC has cancelled an open meeting scheduled for Wednesday, September 12, after Commission Chairman Gary Gensler injured himself over the weekend. ...more
In This Issue: - CFTC Proposes Inter-Affiliate Clearing Exemption - CFTC Proposes Exemption For Certain Non-Financial Energy Derivative Transactions - CFTC Approves Conforming Rule on Registration of...more
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