Displaying results 11 - 20 of 1184
...Journal of Futures Markets Volume 38, August 2018, pp. 841-864
https://doi.org/10.1002/fut.21915
We propose a theoretical model exploring the incentives to manipulate reference prices under two alternative closing price regimes.
We test the predictions of the model in the CBT corn futures market around the change in settlement price calculation methodology that took place in June of…
Created on:
… to Oversee Big Techs ” at the Bank for International Settlements Financial Stability Institute Conference on Big … … Commissioner Pham to Speak at the Bank for International Settlements Financial Stability Institute Conference on Big …
Created on:
...Today, the U.S. District Court for the Eastern District of Washington issued an order granting a permanent injunction to resolve pending litigation against Cody Easterday (Consent Order). Easterday had previously been charged by the Commission for engaging in fraud in connection with the sale of more than 200,000 head of “ghost” cattle—which did not, in fact, exist—to Tyson Fresh Meats,…
Created on:
Dissenting Statement of Commissioner Dawn D. Stump Regarding Settlement with Easterday Ranches, Inc.
...Overview
Easterday Ranches, Inc. (a cattle feedyard) made false statements to, and violated position limits established by, a futures exchange regulated by the Commission. Accordingly, the Commission appropriately brought (and today settles) charges against Easterday Ranches of violating provisions of the Commodity Exchange Act (“CEA”) that specifically address these types of…
Created on:
...
Statement of Commissioner Bart Chilton on RBS Settlement
February 6, 2013
This is a solid and significant settlement which sends a signal to those who would monkey around with benchmark rates. Like with Barclays and UBS, the settlement with RBS is much more than a slap on the wrist. This was…
Created on:
… question is front-and-center in my mind as I consider these settlements. Do the actions of the CFTC in entering into …
Created on:
...
Statement of Chairman Gary Gensler on RBS Settlement
February 6, 2013
Washington, DC – Today, Chairman Gary Gensler made the following statement:
“Today’s Order against RBS demonstrates yet another clear case of a bank falsely reporting and attempting to manipulate or successfully…
Created on:
...WASHINGTON, D.C. – U.S. Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham issued the following dissenting statement on the CFTC’s recent enforcement actions regarding Tradition SEF LLC, GFI Swaps Exchange, LLC and BGC Derivative Markets, L.P.:
“In a developing trend, the Commission has now brought four enforcement actions enshrining a new prescriptive approach to the…
Created on:
… I recently called for more defendant admissions in CFTC settlements. See Statement of Commissioner Christy … Test to Require More Defendants to Admit Wrongdoing in Settlements (Sept. 19, 2022), available at …
Created on:
Concurring Statement of Commissioner Dawn D. Stump Regarding Settlement with Interactive Brokers LLC
...I agree with the Commission’s finding that Interactive Brokers LLC (IB) violated CFTC Rule 166.3[1] by failing to diligently supervise its electronic trading system’s preparedness for, and ability to handle, negative crude oil futures prices as occurred on April 20, 2020.
The Order being issued by the Commission states, “IB’s substantial cooperation and appropriate remediation is . . .…
Created on: