NFA bars CTA Accusigma and its principal, Brent Park, from membership LeapRate

March 23, 2016 BY Maria Nikolova

NFA bars CTA Accusigma and its principal, Brent Park, from membership

The United States National Futures Association (NFA) today announces that it has permanently barred commodity trading advisor Accusigma Corporation and its sole listed principal and associated person, Brent Park, from membership and from acting as a principal of an NFA Member. The NFA decision stems from a Complaint by NFA's Business Conduct Committee (BCC) from February…

February 22, 2016 BY Maria Nikolova

CFTC charges North American Asset Management and its owners with illegal, off-exchange precious metals trading

The U.S. Commodity Futures Trading Commission (CFTC) has once again shown its strictness when it comes to following the provision of the Dodd-Frank act that addresses retail commodity trading. The US regulator has jus announced its fourth action in less than a month against violations of this provision. The CFTC has charged Florida-based North American…

February 09, 2016 BY Maria Nikolova

US Court imposes $3M penalty on couple over illegal, off-exchange precious metals transactions

For the third time in less than a week, the US authorities have acted against law violations concerning precious metals transactions. The latest penalty is imposed on Cindy Vandivier and Paul Vandivier, a married couple from Florida, whom were ordered by a federal court to pay a cumulative penalty of circa $3 million over a…

February 04, 2016 BY Maria Nikolova

Court imposes $2.5M penalty on Worth Group and its principals for illegal off-exchange precious metals scheme

US regulators have once again acted against violations of the Dodd-Frank Act, and the provision against financed precious metals transactions carried on off-exchange, in particular. The U.S. Commodity Futures Trading Commission (CFTC) has just announced that the U.S. District Court for the Southern District of Florida entered a Consent Order of Permanent Injunction against Florida-based…

February 04, 2016 BY Maria Nikolova

CFTC charges Oakmont Financial, Joseph Charles DiCrisci over illegal, off-exchange precious metals trading

The U.S. Commodity Futures Trading Commission (CFTC) has once again shown its rigidity when it comes to following the the provision of the Dodd-Frank act that addresses retail commodity trading. The regulator announced on Wednesday that it filed a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against…

February 02, 2016 BY Maria Nikolova

US DOJ requests more information about Tullett Prebon – ICAP deal

Tullett Prebon Plc (LON:TLPR) has earlier today issued an update about the proposed acquisition of the global hybrid voice broking and information business of ICAP plc (LON:IAP). Tullett Prebon said it received a request for additional information and documentary material from the United States Department of Justice (DOJ) in connection with the transaction. This form of…

January 25, 2016 BY Maria Nikolova

NFA bars introducing broker CC Trading

The United States National Futures Association (NFA) today highlighted again the importance of its members meeting capital requirements. The NFA announced that it has permanently barred CC Trading Company LLC (CC Trading), an NFA Member introducing broker located in New York, from membership and from acting as a principal of an NFA Member. The decision…

January 22, 2016 BY Maria Nikolova

CFTC registers 18 swap execution facilities

The United States Commodity Futures Trading Commission (CFTC) today issued Orders awarding registration to 18 swap execution facilities (SEFs). The facilities that obtained Registration Orders today previously were operating under temporary registration status, the regulator explained in its announcement. SEFs are trading facilities that operate under CFTC’s regulatory oversight for trading and processing swaps. SEFs…

December 23, 2015 BY Maria Nikolova

Importance of Trade Reporting systems: Macquarie fined $3 million

The Financial Industry Regulatory Authority (FINRA) today announced it has imposed a fine of $2.95 million on Macquarie Capital (USA) Inc. over the firm's failure to file comprehensive and accurate trade data in an automated format when requested by the Securities and Exchange Commission (SEC) and FINRA. In addition, Macquarie was ordered to carry out…

December 16, 2015 BY Maria Nikolova

CFTC approves tighter cybersecurity rules for Derivatives Clearing Organizations, Trading Platforms, Swap Data Repositories

Cybersecurity has been in the focus of US financial regulators over the past several months. In October this year, the National Futures Association (NFA) unveiled new cybersecurity rules for its members, including Forex brokers, and in November, the New York State Department of Financial Services (NYDFS) sent an official letter to Financial and Banking Information Infrastructure Committee…

Tag: US financial regulation