Gregory Christopher Evans has to pay a penalty of more than $1.2 million and is banned from registering with the CFTC and engaging in commodity-related activity.
Read moreAssociate of introducing broker GFET, Harmik Iranossian allegedly estimated a prospective customer's net worth at around $18,000 when, in reality, the prospective customer was insolvent
Read moreUS based futures commission merchants (FCMs) have been afforded until April 30, 2015 to comply with CFTC regulations requiring them to obtain acknowledgement letters from certain depositories
Read moreThe U.S. Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (Division) today issued no-action relief to futures commission merchants (FCMs) concerning the holding of customer funds deposited to margin foreign futures and foreign options transactions under Regulation 30.7. Regulation 30.7 limits the amount of customer margin funds an FCM is permitted to…
Read moreIn a second transfer of business among US electronic trading firms in the space of a week, KCG agrees to sell its futures commission merchant business to Wedbush Securities Inc
Read moreThe extension of no-action relief will expire on June 30, 2014 In an official news release, the U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued an extension of time-limited no-action relief to FCMs. On November 14, 2013, the Commission adopted amendments to Commission Regulations 1.20, 22.2, and…
Read moreBanc de Binary, one of a handful of CySEC-regulated binary options brokers, has been charged with taking US clients. LeapRate Exclusive.... Assuming the charges stick, it will be interesting to see if the EU regulators involved -- Cyprus' CySEC and the UK's FCA -- cooperate with the CFTC in the US, and enforce whatever penalties…
Read moreFCMs will be required to file daily (!!) segregation reports.
Read moreFCMs will be required to file daily (!!) segregation reports.
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