NFA Chairman Chris Hehmeyer Talks Bankruptcy Reform
An Update on SEF, IDB and Swap Regulation from Chris Ferreri of ICAP
CFTC Proposal Poses “Monumental” Challenge to FCMs
Daily Reports: Tell Us Where The Money Is
Customer Protection Fund: Slip it to SIPC
Customer Protection Fund: Building a Better Piggy Bank
Financial Institutions Announce Crypto Trading, Tokenized Deposits, Stablecoins - A major U.S. financial services company recently announced that it will soon begin offering spot crypto trading to its retail clients....more
On March 12, the Commodity Futures Trading Commission (CFTC) issued an Advanced Notice of Proposed Rulemaking (ANPR) relating to event contracts traded on prediction markets....more
Prediction markets remain front-and-center at the Commodity Futures Trading Commission (CFTC or Commission). So far in March the CFTC has issued an advance notice of proposed rulemaking and staff of its Division of Market...more
NFA’s Board of Directors (“Board”) has adopted proposed amendments to NFA Compliance Rule 2-45 and its Related Interpretive Notice 9062-NFA Compliance Rule 2-45: Prohibition of Loans By Commodity Pools to CPOs and Related...more
On March 12, 2026, the Commodity Futures Trading Commission (CFTC) issued two noteworthy releases on event contracts and prediction markets: (1) an advisory from the CFTC’s Division of Market Oversight (DMO) providing...more
At the 2026 Futures Industry Association (FIA) Global Cleared Markets Conference on March 10, 2026, Securities and Exchange Commission (SEC) Chairman Paul Atkins outlined a series of initiatives aimed at improving regulatory...more
The Commodity Futures Trading Commission (CFTC or Commission) made waves on March 12 with two pivotal releases intended to shape the regulatory framework for prediction markets....more
The European Securities and Markets Authority (ESMA) has issued a statement reminding firms of their obligations under existing national product intervention measures on contracts for differences (CFDs). The statement is in...more
The Commodity Futures Trading Commission (CFTC or the Commission) is not waiting for the courts to sort out who regulates prediction markets. In the span of a couple days, CFTC Chairman Michael S. Selig published an op-ed in...more
On January 27, 2026, the Commodity Futures Trading Commission (CFTC) issued No-Action Letter No. 26-02 (No Action Letter), granting conditional relief from the compliance deadline for the CFTC’s 2024 amendments to Part 17 of...more
On December 18, the CFTC announced it had issued a request for comment to inform its understanding of the risks and regulatory issues related to derivatives clearing organizations (DCOs) that offer direct clearing services to...more
The CFTC is refocusing efforts to balance between commission oversight and delegated chair authority...more
In Part 1 of this three-part overview of the Commodity Futures Trading Commission (CFTC), we take a look at the basics of CFTC regulation, highlighting what you need to know about the agency and its jurisdiction....more
Is there a place for derivatives in tax-loss harvesting? Yes. As we discussed in Part I, losses that are appropriate for tax-loss harvesting can be generated from a wide range of capital assets, including sales of stocks,...more
CFTC and SEC Look to Converge on Prediction Markets - Prediction market platforms, which offer futures contracts on sports and events, may soon face oversight from both the Commodity Futures Trading Commission (“CFTC”) and...more
Recognizing the continued evolution of global derivatives markets that has resulted from technological innovation in the United States and abroad, the CFTC issued its FBOT Advisory to provide regulatory clarity with respect...more
On July 21, 2025, a U.S. district court judge in Texas stated in an opinion and order that “section 1 [of the Commodity Exchange Act (“CEA”)] does not encompass precious metals [such as gold] as commodities because they are...more
In addition to receiving cease-and-desist orders from several states (Arizona, Illinois, Montana, and Ohio), and ongoing litigation against New Jersey state gaming regulators in the U.S. Court of Appeals for the Third...more
On July 21, 2025, in Commodity Futures Trading Commission et al. v. TMTE Inc et al., a Texas district court denied summary judgment to both the Commodity Futures Trading Commission (CFTC) and two individual defendants in a...more
On July 17, 2025, the House of Representatives passed the Digital Asset Market Clarity Act of 2025 (the CLARITY Act). This pivotal legislation introduces a comprehensive regulatory framework for the digital asset sector and...more
Companies Announce Digital Asset Payment Networks - The issuer of the USDC stablecoin recently published a white paper outlining its plans to launch “CPN,” a new payments network that aims to “bring[] financial institutions...more
In a break from the typical acting agency chairman, Acting Commodity Futures Trading Commission ("CFTC") Chairman Caroline Pham has taken several significant actions, signaled several more, and set the agency on a path to...more
Digital Asset Companies Announce Strategic Acquisitions - According to a recent press release, a major U.S. cryptocurrency exchange has entered into an agreement to acquire NinjaTrader, a U.S. retail futures trading...more
With the Presidential and Congressional transitions taking place this month, we expect increased investment and transactional activity in capital markets. This will likely include trading platforms, exchanges, clearinghouses,...more
The Commodity Futures Trading Commission recently published a final rule amending the list of permissible investments for customer funds by futures commission merchants and derivatives clearing organizations....more