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Achieving Growth and Progress: Statement of Commissioner Caroline D. Pham at the Global Markets Advisory Committee June 4 Meeting
… regional authorities, including the Bank for International Settlements, the Financial Stability Board and others. The …
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CFTC’s Global Markets Advisory Committee Advances Recommendations on Basel III Endgame and Variation Margin Processes
...NEW YORK, N.Y. — The Commodity Futures Trading Commission’s Global Markets Advisory Committee (GMAC), sponsored by CFTC Commissioner Caroline D. Pham, advanced two recommendations to examine the impacts of proposed U.S. bank capital requirements and to improve collateral and liquidity management for non-centrally cleared derivatives. “The GMAC continues to make great progress developing…
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CALIFORNIA FOREIGN CURRENCY FIRM AND ITS PRINCIPAL AGREE TO PAY OVER $1 MILLION IN SETTLEMENT OF U.S. GOVERNMENT FOREIGN CURRENCY FRAUD ACTION; In Settling Charges by the U.S. Commodity Futures Trading Commission, Defendants Ben Ouyang and Victco Financial Services, Inc. Consented to Release over $1 Million in Frozen Funds as Restitution to Defrauded Customers; Consent Order also Imposes Civil Penalty of $120,000 and a Permanent Injunction
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Concurring Statement of Commissioner Caroline D. Pham on Japan Substituted Compliance Order for Swap Dealer Capital and Financial Reporting
… ; Bank for International Settlements Basel Committee on Banking Supervision, The …
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CFTC Permanently Revokes Registrations of Mississippi-based Commodity Trading Advisor and Associated Person
...Washington, D.C. — The Commodity Futures Trading Commission today issued an opinion and order revoking the registrations of Ted Brent Alexander of Jackson, Mississippi. The CFTC filed a Notice of Intent to Revoke Registration Pursuant to Section 8a(2) of the Commodity Exchange Act (CEA) against Alexander on March 13, 2024. [See CFTC Press Release No. 8876-24]. The CFTC action is based on…
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CFTC SETTLES ACTION AGAINST FARMERS COOPERATIVE COMPANY, FINDING THAT IT OFFERED TO ENTER INTO, AND ENTERED INTO, ILLEGAL FUTURES AND OPTION CONTRACTS AND OPERATED AS AN UNREGISTERED FUTURES COMMISSION MERCHANT; CFTC Order Also Accepts Offers of Settlement from Three Former Employees and Finds that Richard Houge and Larry D. Peterson aided and abetted each of Farmer Co-op’s Violations and that John A. McPherson aided and abetted Farmer Co-op’s operation as an unregistered Futures Commission Merchant
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Remarks of Commissioner Christy Goldsmith Romero at ISDA’s ESG Forum on Promoting Market Resilience: A Thoughtful Approach to the Daunting Challenge of Climate Financial Risk
...Remarks as Prepared for Delivery Standard Disclaimer Thank you to the International Swaps and Derivatives Association (“ISDA”) for inviting me to speak at a forum on climate risk, environmental, social, and governance (“ESG”) issues, the role that derivatives play in these markets, and the market and regulatory environment. Today, I want to talk about my priority to promote market…
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2024-15094
… Financial Market Infrastructures, Bank for  International Settlements and International Organization of  Securities …
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Statement of Commissioner Caroline D. Pham on Reasonable Accommodation
...Washington, DC—Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham released the following statement regarding the CFTC’s administrative order regarding J.P. Morgan Securities LLC announced today: “I find it deeply disturbing that the CFTC did not provide reasonable accommodation to respect a religious holiday.  The CFTC demanded that legal submissions be produced…
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Concurring Statement of Commissioner Caroline D. Pham on Novel U.S. Location Test and FCM Registration
...I respectfully concur on In re Falcon Labs Ltd.[1] because the cross-border issues raised in this matter re-open decades of settled Congressional intent and well-established Commission interpretation of the Commodity Exchange Act’s (CEA) extraterritoriality and cross-border application to foreign futures and options transactions and the futures commission merchant (FCM) registration…
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