Tag: Commodity Futures Trading Commission

CFTC offices
November 30, 2017 BY Valentina Kirilova

CFTC extends swap data reporting relief for certain swap dealers

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) today extended relief it provided certain CFTC-registered swap dealers (SD) and major swap participants (MSP) in November 2016. Today’s relief, announced in a no-action letter, states that the Division will not recommend that the CFTC take an enforcement action against a non-U.S. SD or…

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November 14, 2017 BY Valentina Kirilova

CFTC charges Statoil ASA for attempt to manipulate the Argus Far East Index

The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Statoil ASA (NYSE:STO), an international energy company headquartered in Stavanger, Norway. The CFTC Order finds that from as early as October 2011 through November 2011, Statoil attempted to manipulate the Argus Far East Index (FEI) in order to benefit Statoil’s…

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SFC fines
November 07, 2017 BY Valentina Kirilova

CFTC fines Cargill Inc. $10 million for providing inaccurate mid-market marks on swaps

The Commodity Futures Trading Commission (CFTC) today announced the filing and simultaneous settlement of charges against Cargill, Inc. (Cargill), of Minnesota, for providing mid-market marks (marks) that concealed from counterparties and its swap data repository (SDR) its full mark-up on certain swaps, in violation of the Commodity Exchange Act (CEA) and Commission Regulations. Specifically, the…

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CFTC offices
October 12, 2017 BY Valentina Kirilova

CFTC charges E-Slate Inc. and Director with fraud, misappropriation, and registration violations

The Commodity Futures Trading Commission (CFTC) has announced the filing of a Complaint on October 2, 2017, in the U.S. District Court for the Central District of California. The CFTC Complaint, filed under seal, charges Defendants Scott Allensworth (d/b/a Capital Growth Group Associates and Cobra Development Group LLP), of Newhall, California; his California company E-Slate,…

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cme europe shut
June 28, 2017 BY Valentina Kirilova

CME Group obtains regulatory clearance from CFTC to launch OTC FX options clearing

Derivatives marketplace operator CME Group Inc (NASDAQ:CME) announced today it has received regulatory clearance from the Commodity Futures Trading Commission (CFTC) to provide clearing services for over-the-counter FX options. This is a significant milestone in providing our FX clients with the broadest and most capital efficient FX clearing solution in the market," said Paul Houston,…

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CFTC offices
June 14, 2017 BY Valentina Kirilova

CFTC appoints Erica Elliott Richardson as Director of the Office of Public Affairs

Steven W. Adamske Departs after Six Years as Office of Public Affairs Director U.S. Commodity Futures Trading Commission (CFTC) Acting Chairman J. Christopher Giancarlo announced the appointment of Erica Elliott Richardson to serve as Director of the Office of Public Affairs (OPA), effective immediately. Richardson served as the Communications Director to Majority Leader Kevin McCarthy…

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April 04, 2017 BY Valentina Kirilova

CFTC announces Andrew B. Busch as the Commission’s first Chief Market Intelligence Officer

U.S. Commodity Futures Trading Commission Acting Chairman J. Christopher Giancarlo announced that Andrew B. Busch has been named the Commission’s first Chief Market Intelligence Officer. After spending 30 years in the financial services sector, Mr. Busch comes to the CFTC from the boutique economic research company he founded, Bering Productions Inc. (BPI), where he was…

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