The National Futures Association has fined James Green, chief
compliance officer and principal of FX Direct Dealer (FXDD)
$75,000 for breaching anti-money laundering (AML) practices and
failing to adequately supervise FXDD’s operations.
In addition to the fine, Green agreed to ...
The US National Futures Association (NFA) has issued a
$300,000 fine against Connecticut-based Interactive Brokers
for infringing NFA rules.
The Decision, issued by NFA's Business Conduct Committee, is
based on Complaints filed on February 18, 2012 and July 5, 2013
and a settlement offer submitted ...
Commission (CFTC), along with
CME Group and the UK Financial
Conduct Authority, has fined high
frequency trading firm Panther Energy
Trading for “spoofing”.
CFTC issued an Order filing and
simultaneously settling charges against
New Jersey-based Panther Energy Trading
and Michael ...
A new study commissioned by State
Street finds that buy-side firms are
unprepared for new trading mechanisms,
costs and increased complexity and should
partner with established providers to adapt
to an evolved OTC derivatives marketplace.
The new research paper, From ...
Industry hopes for some much needed consistency over the raft of regulation surrounding derivatives
markets has been given a boost.
The European Commission (EC) and
the US Commodity Futures Trading
Commission (CFTC) have
announced an agreement on a package of
The US Commodity Futures
Trading Commission (CFTC) has
obtained a federal court order
against Chicago-based Christopher
Varlesi, individually and conducting
business as Gold Coast Futures and
He has been ordered to pay restitution
of more than $638,000 to defrauded
Alice Attwood reports on efforts by the US regulator to close the book on two recent high profile failures.
The US Commodity Futures Trading
Commission (CFTC) has filed an
enforcement action against MF
Global, its former CEO and assistant
Colin Lambert reports as the US regulator accepts industry arguments over FX intermediaries.
Following the issuance of a Time
Limited No Action Letter aimed at
absolving FX prime brokers from
the need to report mirror trades, the US
Commodity Futures ...
Colin Lambert reports as the CFTC offers a glimmer of respite to market participants.
The May 1 deadline for reporting of trades and other rules
was marked by the US Commodity Futures Trading
Commission (CFTC) offering some relief to market
Colin Lambert reports as the US CFTC brings some much-needed clarity to derivatives markets.
On May 16, the US Commodity Futures Trading
Commission voted to enact three measures that
completed, according to CFTC chair Gary Gensler, “all of the major building ...