On April 4, 2025, the CFTC's Division of Market Participants issued No-Action Letter 25-09 regarding the controversial Pre-Trade Mid-Market Mark ("PTMMM") requirements in CFTC Regulation 23.431, effectively eliminating the...more
4/17/2025
/ CFTC ,
Disclosure Requirements ,
Enforcement Actions ,
Financial Markets ,
Financial Services Industry ,
Market Participants ,
No-Action Letters ,
Penalties ,
Regulatory Reform ,
Regulatory Requirements ,
Swap Dealers
The Commodity Futures Trading Commission (CFTC) released its final guidance regarding Designated Contract Markets' (DCMs) listing of voluntary carbon credit (VCC) derivative contracts for trading, marking a pivotal...more
11/18/2024
/ Carbon Taxes ,
CFTC ,
Compliance ,
Contract Terms ,
Department of Justice (DOJ) ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
Market Manipulation ,
Popular ,
Private Sector ,
Securities and Exchange Commission (SEC) ,
Settlement ,
Tax Credits
On September 6, 2024, the U.S. District Court for the District of Columbia ruled in favor of KalshiEx LLC ("KalshiEx"), lifting a September 2023 order issued by the Commodity Futures Trading Commission ("CFTC") prohibiting...more
In the dynamic world of financial regulation, the Commodity Futures Trading Commission (CFTC) has been actively addressing market manipulation with enforcement actions to ensure market integrity. The CFTC's recent settlement...more
9/10/2024
/ Ambiguous ,
CFTC ,
Civil Monetary Penalty ,
Commodity Exchange Act (CEA) ,
Enforcement Actions ,
Financial Markets ,
Financial Regulatory Reform ,
Innovation ,
Market Manipulation ,
Noncompliance ,
Regulatory Violations ,
Settlement
On June 17, 2024, the CFTC's Division of Enforcement announced that it had reached a settlement with Trafigura Trading LLC ("Trafigura") over allegations that the firm manipulated oil derivatives prices while discouraging...more
7/2/2024
/ Anti-Bribery ,
Carve Out Provisions ,
CFTC ,
DOJ Strike Force ,
Employment Discrimination ,
Enforcement ,
Foreign Corrupt Practices Act (FCPA) ,
Harassment ,
Market Manipulation ,
Misappropriation ,
Non-Disclosure Agreement ,
Professional Regulators ,
Securities and Exchange Commission (SEC) ,
Special Investigators ,
Trading Platforms ,
Whistleblower Protection Policies
Updated: reporting requirements for swap dealers, swap participants, and large traders in the futures and options market
On April 30, 2024, in two separate releases, the Commodity Futures Trading Commission ("CFTC")...more
On January 24, 2024, the CFTC's newly formed AI Task Force announced the issuance of a request for comment (RFC) on the current and potential uses and risks of artificial intelligence (AI) in the derivatives markets the CFTC...more
The Commodity Futures Trading Commission ("CFTC" or "Commission") issued two proposed rules on December 18, 2023, both of which are now open for public comment. The first proposed rule would create an "Operational Resilience...more
On November 7, 2023, the Division of Enforcement ("Division") of the United States Commodity Futures Trading Commission ("CFTC") released its annual report of the results of its enforcement efforts, announcing that it had...more
12/15/2023
/ CFTC ,
Civil Monetary Penalty ,
Commodity Exchange Act (CEA) ,
Cybersecurity ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Enforcement ,
Financial Institutions ,
Fraud ,
HSBC ,
Interest Rates ,
OCC ,
Popular ,
Recordkeeping Requirements ,
Restitution ,
Spoofing ,
Swap Dealers ,
Unfair Trade Practices Act
On December 4, 2023 the CFTC issued proposed guidance regarding the listing of voluntary carbon credit ("VCC") derivative contracts ("Proposed Guidance"). The Proposed Guidance outlines factors that designated contract...more