The U.S. Commodity Futures Trading Commission (CFTC) issued an Order on June 18, 2013, filing and settling charges against ABN Amro Clearing Chicago LLC (ABN AMRO) of Chicago, Illinois, for failing to segregate or secure sufficient customer funds; failing to meet the minimum net capital requirements, failure to maintain accurate books and records, and failure to supervise its employees.
The Commodity Futures Trading Commission (CFTC) has issued an Amended Order expanding, through mutual acceptance by international regulators, the list of Legal Entity Identifiers (LEIs) that can be used by registered entities and swap counterparties in complying with CFTC's swap data reporting regulations.
Yesterday a coalition of trade associations - including the FIA - wrote to the CFTC regarding the CFTC's guidance on how it intends to apply the Dodd-Frank derivatives rules to cross-border transactions.
SIFMA today released the following statements after the Commodity Futures Trading Commission (CFTC) voted on final rules governing swap execution facilities (SEFs).
The Depository Trust & Clearing Corporation (DTCC) General Counsel Larry Thompson today issued the following statement:
I thank you, Scott, for your leadership in bringing this committee together. It's been a great effort of yours. You've done an excellent job throughout the years, and today's meeting couldn't come at a more timely moment.
Bloomberg has filed a lawsuit against a US derivatives regulator over new margin rules that differentiate between swaps and futures.
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (together, the Commissions) today are jointly issuing final rules and guidelines to require certain regulated entities to establish programs to address risks of identity theft.
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order requiring Interactive Brokers LLC (IB) of Greenwich, Conn., to pay a $225,000 civil monetary penalty for failing to calculate the amount of customer funds on deposit, the amount of funds required to be on deposit in customer segregated accounts, failing to maintain sufficient U.S. dollars (USD) in customer segregated accounts in the United States to meet all USD-denominated obligations, and supervision failures.
A former Goldman Sachs trader has pleaded guilty to fabricating trades on a manual system to hide an unauthorised $8.3 billion futures bet.
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