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Regulation

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 ...

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 ...

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 ...

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 ...

in Analysis, Regulation

CFTC Targets FX Ponzi Scheme

The Commodity Futures Trading Commission (CFTC) says it has obtained a Federal court consent order of permanent injunction requiring defendants Sidney Charles, Jr and his company the Borrowing Station, from Maryland, jointly and severally to pay $254,236 in restitution and a $350,000 ...
CFTC makes a renewed effort to curb what some consider to be the excesses of automated trading. The Commodity Futures Trading Commission (CFTC) has released a “concept paper” aimed at continuing and defining the regulatory response to the increased level ...
Colin Lambert reports on efforts to establish a unified framework for regulation.  As global regulators continue to work through the process of creating a new regulatory structure, there seems to be movement on one of the overriding concerns of both ...