CFTC supports work from home efforts with regulatory relief measures
FIA has welcomed the CFTC’s rapid response to the coronavirus pandemic, which includes no-action relief from certain regulatory requirements.
Tag: CFTC
DTCC loses former CFTC commissioner and key spokesperson from ranks
Former commissioner at the US regulator, and DTCC's head of global public policy, leaves to join US options exchange group.
CFTC issues ‘no-action’ letters to swaps market participants on Libor transition
Three divisions of the CFTC have issued ‘no action’ relief for firms active in the swaps market transitioning from Libor to alterative benchmark.
Goldman Sachs in $1 million settlement for audio recording failures
Goldman Sachs was found to have failed to record phone lines of trading and sales desks due to hardware error.
BGC to pay $3 million for voice trading and reporting violations
The CFTC found that BGC failed to capture voice trade communications over five years.
HFT Tower Research Capital in $67 million settlement for spoofing futures
Tower Research Capital will pay the largest settlement to date for a spoofing scheme which resulted in $33 million in market losses.
Inter-dealer brokers BGC and GFI in $25 million settlement for FX options fraud
BGC and GFI were accused of ‘flying’ and ‘printing’ fake FX options trades to deceive clients.
HSBC, Societe Generale, BNY Mellon and others fined $6 million for swaps violations
The US CFTC also fined NatWest Markets, PNC Bank and Northern Trust for reporting and risk management regulation failures.
Tullett Prebon to pay $13 million for swaps trading desk compliance failures
The CFTC said that Tullett Prebon’s voice brokers made false or misleading statements to clients related to certain trades, bids and offers in US dollar interest rate swaps.
Merrill Lynch fined $25 million for multi-year spoofing scheme
Merrill Lynch Commodities admitted the illegal activity following an investigation by the US Department of Justice and the CFTC.