Displaying results 1 - 10 of 1195
...WASHINGTON, D.C. — CFTC Commissioner Kristin N. Johnson announced today that Danielle Abada, Christopher Lamb and Nita Somasundaram have joined her staff. “I am thrilled to welcome these talented members to my executive team,” Commissioner Johnson said. “I am confident that they will serve the Commission well and continue our important work promoting the integrity, resilience, and vibrancy…
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...I am pleased that the CFTC has provided substantial credit to Barclays Bank PLC, a non-U.S. swap dealer, for self-reporting, cooperation, and remediation efforts, including two issues previously identified in a National Futures Association (NFA) exam and self-disclosed to the CFTC pursuant to the swap dealer annual compliance report requirement.[1] This is a move in the right direction for the…
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...Washington, DC – Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham today released the following statement on the CFTC’s settlement order regarding Nasdaq Futures, Inc. (NFX): “Unfortunately, today’s action is about beating a dead market that de-registered with the CFTC in 2020. Exchange incentive programs are commonplace in both securities and derivatives…
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… of clarity and transparency. The Pitfalls of Interpreting Settlements Despite statutory and regulatory intricacies, of the more than 20 recent settlements related to violations of both Section 4g of the … these matters. Unfortunately, I cannot support further settlements with IBs concerning offline communications …
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...Washington, DC – Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham today released the following statement on the CFTC’s recent settlement order regarding The Bank of New York Mellon: “I am pleased that the CFTC has provided recognition of self-reporting and cooperation credit in this settlement order with The Bank of New York Mellon. I hope the CFTC will adopt a…
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… This settlement and the Commission’s earlier “DeFi Sweep” settlements raise transparency questions and concerns around …
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… in and of itself, can establish a violation. Moreover, SEC settlements under its similarly worded rule do not …
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...Washington, D.C.—Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham released the following statement regarding the CFTC’s administrative order regarding Trafigura Trading LLC announced today:  “While I commend the CFTC Division of Enforcement for their efforts to pursue manipulation in global markets, the Commission inappropriately tacks on an additional charge…
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...Today, the Commodity Futures Trading Commission (Commission or CFTC) announced a settlement agreement with J.P. Morgan Securities LLC (J.P. Morgan) following over a decade of trade surveillance supervision failures in violation of Regulation 166.3.[1] Supervision is the cornerstone of customer protection. From its inception in the 1970s, the Commission has emphasized that supervision is a…
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...Opening Remarks Good morning and thank you so much for joining today's meeting of the CFTC’s Global Markets Advisory Committee (GMAC). Before we get to today's agenda, I want to take a moment to acknowledge the hard work that you all have put in, and to thank you for tackling some of the most challenging issues in our markets at a time when it seems that Washington may not be making much…
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