CFTC extends comment period on proposed capital requirements of swap dealers and major swap participants LeapRate

March 14, 2017 BY Valentina Kirilova

CFTC extends comment period on proposed capital requirements of swap dealers and major swap participants

The U.S. Commodity Futures Trading Commission (CFTC) announced that it is extending the comment period on its proposed capital requirements applicable to swap dealers and major swap participants for an additional 60 days. The original comment period was to expire March 16, 2017. As extended, the comment period will expire on May 15, 2017. Notice…

December 20, 2016 BY admin

CFTC charges Arizona man in connection with $1.5M forex trading ponzi-style scheme

The U.S. Commodity Futures Trading Commission (CFTC) filed a civil anti-fraud enforcement action in the U.S. District Court for the District of Arizona, charging Defendants Derek Springfield and his company, Draven, LLC (Draven), both of Mesa, Arizona, with engaging in fraudulent sales practices, providing false account statements to commodity pool participants, and misappropriating pool participants’ funds. In its Complaint,…

November 30, 2016 BY admin

CFTC grants CME Clearing Europe registration as a Derivatives Clearing Organization

The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has issued an order granting CME Clearing Europe Limited (CMECE) registration as a derivatives clearing organization (DCO) under the Commodity Exchange Act (CEA). Under the order, CMECE will be authorized to provide clearing services for U.S. clearing members as well as their customers under…

November 17, 2016 BY Valentina Kirilova

CFTC clears major clearinghouses in latest Stress Test

The Staff of the U.S. Commodity Futures Trading Commission (CFTC) has issued a report detailing the results of a supervisory stress test of major clearinghouses. The purpose of the analysis was to assess the impact of a hypothetical set of extreme but plausible market scenarios across multiple clearinghouses and their clearing members. The analysis included…

August 19, 2015 BY Mike Fox

CFTC exempts ASX Clear from registration as a derivatives clearing organization

First order of its kind issued by the CFTC; praises ASIC regulation as comparable as provision for exemption...

October 03, 2014 BY Mike Fox

Fraud Watch: California Federal Court bans Glenn Kane Jackson and Highlands Capital Management for operating fake investment pool

Man charged in connection with the fraudulent scheme, with misappropriating customer funds, issuing false account statements to customers, misrepresenting Jackson’s success and background as a FX trader

July 21, 2014 BY Mike Fox

CFTC amends complaint of fradulaent firm to include charges of misrepresentation, false statements, and misappropriation of funds

CFTC alleges that Daniel K. Steele's fake firm solicited at least $1.97 million from at least 24 pool participants to participate in three forex pools

May 20, 2014 BY Mike Fox

CFTC issues first whistleblower award

The CFTC’s Whistleblower Program is attracting high-quality tips and cooperation that might not otherwise be received and is already having an impact on the Commission’s enforcement mission.

Tag: Commodity Futures Trading Commission