Sign up for free newsletter

 

North America

CFTC approves proposals on swaps data and other amendments

CFTC approves proposals on swaps data and other amendments

Mon, 16/01/2017 - 08:36

The US Commodity Futures Trading Commission (CFTC) has unanimously approved proposed changes to swap data rules that implement Congressional action to remove indemnification requirements for the use of swap data by other regulators.  »

Jon Corzine to pay USD5m for MF Global’s unlawful use of customer funds

Jon Corzine to pay USD5m for MF Global’s unlawful use of customer funds

Fri, 06/01/2017 - 09:39

Jon S Corzine, former CEO of MF Global, is to pay a USD5 million civil monetary penalty for his role in MF Global’s unlawful use of almost USD1 billion in customer funds and for his failure to diligently supervise the handling of customer funds.  »

Richard Ortoli, OR Law

OR Law launches as successor to Sanders Ortoli Vaughn-Flam Rosenstadt

Fri, 06/01/2017 - 07:34

Law firm Ortoli Rosenstadt (OR Law) has launched as the successor to New York City-based Sanders Ortoli Vaughn-Flam Rosenstadt. »

Ron Geffner, Sadis Goldberg

DOL Fiduciary Rule will encourage more dialogue and closer alignment with investors

Wed, 04/01/2017 - 17:54

The relationship that broker-dealers and registered investment advisors have with pension investors is set to be turned on its head on 10 April 2017 when the Department of Labor introduces the DOL Fiduciary Rule.  »

Anthony Perrotta Jr, TABB

TABB forecasts market structure changes for US OTC fixed income in 2017

Thu, 22/12/2016 - 09:03

Though the US corporate bond and US treasury market has surged in size since the financial crisis in 2008, the unprecedented growth of US debt markets alongside a complete US regulatory overhaul has left the traditional market unstable and ushered in an age of innovation. »

Goldman Sachs fined USD120m for attempted manipulation of benchmark swap rates

Goldman Sachs fined USD120m for attempted manipulation of benchmark swap rates

Thu, 22/12/2016 - 08:50

Goldman Sachs is to pay civil penalty of USD120 million to settle CFTC charges that it attempted, by and through certain of its traders in New York, to manipulate and made false reports concerning the US Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), a global benchmark for interest rate products.  »

Chicago trader to pay USD2.5m to settle CFTC futures spoofing charges

Chicago trader to pay USD2.5m to settle CFTC futures spoofing charges

Wed, 21/12/2016 - 10:42

Chicago trader Igor B Oystacher and his trading company 3Red Trading are to pay USD2.5 million to settle CFTC charges over spoofing and using a “manipulative and deceptive device” while trading futures contracts on multiple exchanges. »

Hedge fund founder and CIO among seven charged over USD1bn fraud

Hedge fund founder and CIO among seven charged over USD1bn fraud

Tue, 20/12/2016 - 12:46

Seven defendants, all formerly affiliated with USD1.7 billion New York-based hedge fund Platinum Partners, have been charged in connection with an alleged USD1 billion investment fraud. »

CFTC issues time-limited no-action relief for DCO swap clearing

CFTC issues time-limited no-action relief for DCO swap clearing

Tue, 20/12/2016 - 09:16

The US CFTC has issued time-limited no-action relief to entities submitting swaps for clearing by derivatives clearing organisations (DCOs) operating under CFTC exemptive orders or no-action relief that CFTC staff provided (relief DCOs). »

Todd Moyer, Confluence

RegTech to trigger asset management back office transformation in 2017

Fri, 16/12/2016 - 09:10

Confluence predicts that the rise of regulatory technology (RegTech) in 2017 will trigger a transformation of the asset management back office, with improved data management and technology solutions delivering operating model improvements through automation. »

Madoff trustee requests allocation of USD342m to customer fund

Madoff trustee requests allocation of USD342m to customer fund

Thu, 15/12/2016 - 09:58

Irving H Picard, Securities Investor Protection Act (SIPA) trustee for the liquidation of Bernard L Madoff Investment Securities (BLMIS), has filed a court motion seeking approval for an allocation of recoveries to the BLMIS Customer Fund. »

CFTC releases rule enforcement review of ICE Futures US

CFTC releases rule enforcement review of ICE Futures US

Thu, 08/12/2016 - 14:24

The US Commodity Futures Trading Commission’s (CFTC) division of market oversight has issued the results of a rule enforcement review of ICE Futures US. »

Mark Yallop, FMSB

FMSB issues guidelines on surveillance and training in wholesale markets

Thu, 08/12/2016 - 09:13

Using automated voice surveillance systems and surveillance techniques involving Natural Language Processing are among the emerging practices being used to combat the risk of insider dealing and market manipulation, according to new guidelines from the FICC Markets Standards Board (FMSB). »

US prime money fund assets consolidate post-reform, says Fitch

US prime money fund assets consolidate post-reform, says Fitch

Thu, 08/12/2016 - 07:32

Vanguard and Charles Schwab are set to exert greater influence as prime money fund investors after significant market share gains following the introduction of money market fund reforms, says Fitch Ratings. »

Kevin McPartland, Greenwich Associates

Trump win raises questions about new swaps market regulations

Thu, 08/12/2016 - 07:24

The election of Donald Trump has injected a new element of uncertainty into a US swaps market that was finally finding its footing under its new regulatory framework. »

CFTC re-proposes position limits rule

CFTC re-proposes position limits rule

Tue, 06/12/2016 - 09:30

The US CFTC has voted unanimously to re-propose regulations implementing limits on speculative futures and swaps positions as called for in the Dodd-Frank Wall Street Reform and Consumer Protection Act. »

Colby Jenkins, TABB

TABB sees continued regulatory uncertainty for fixed income markets

Thu, 01/12/2016 - 10:04

The future of the Dodd-Frank Act (DFA), once an unavoidable and burdensome new reality for US fixed income markets, is now completely uncertain under the coming Trump Administration. »

CFTC obtains USD21.8m default judgement against former CBOE member over commodity pool fraud

CFTC obtains USD21.8m default judgement against former CBOE member over commodity pool fraud

Thu, 01/12/2016 - 09:25

The US CFTC has obtained a USD21.8 million default court judgement and permanent injunction against Alvin Guy Wilkinson and his companies Chicago Index Partners and Wilkinson Financial Opportunity Fund in connection with a commodity pool fraud.  »

CFTC grants CME Clearing Europe registration as a DCO

CFTC grants CME Clearing Europe registration as a DCO

Thu, 01/12/2016 - 07:45

The US Commodity Futures Trading Commission (CFTC) has issued an order granting CME Clearing Europe (CMECE) registration as a derivatives clearing organisation (DCO) under the Commodity Exchange Act (CEA). »

Tom Lehrkinder, TABB

USD4.5bn in revenue available for US FCMs in 2016, says TABB Group

Wed, 30/11/2016 - 07:55

The US future commission merchant (FCM) community has been under constant pressure for the last eight years from new regulation, stifling capital rules, declining number of players, a challenging interest rate environment and increasing costs that are all adversely affecting profitability. »

US Federal Court orders Sarao to pay over USD38m for price manipulation and spoofing

US Federal Court orders Sarao to pay over USD38m for price manipulation and spoofing

Fri, 18/11/2016 - 08:57

UK resident Navinder Singh Sarao has been ordered to pay a USD25,743,174.52 civil monetary penalty and USD12,871,587.26 in disgorgement for his role in ‘flash crash’ day. »

Timothy Massad, CFTC

Supervisory stress tests of clearinghouses prove positive

Thu, 17/11/2016 - 09:00

The US Commodity Futures Trading Commission (CFTC) has issued a report detailing the results of a supervisory stress test of five major clearinghouses based in the US and the UK, and the results for all five proved positive. »

Flash crash trader Sarao admits CFTC charges and pleads guilty in criminal action

Flash crash trader Sarao admits CFTC charges and pleads guilty in criminal action

Thu, 10/11/2016 - 09:32

The US Commodity Futures Trading Commission (CFTC) has submitted a proposed consent order that would resolve its civil enforcement action in the US District Court for the Northern District of Illinois against Navinder Singh Sarao.  »

Fabrizio Quirighetti, SYZ Asset Management

Syz comments on Trump victory

Wed, 09/11/2016 - 08:37

Fabrizio Quirighetti, chief investment officer at SYZ Asset Management, has assessed the potential implications for markets following the Trump victory.  »

CFTC issues orders of registration to five foreign boards of trade

CFTC issues orders of registration to five foreign boards of trade

Tue, 01/11/2016 - 13:25

The US Commodity Futures Trading Commission (CFTC) has issued Orders of Registration to five foreign boards of trade (FBOT), allowing them to provide identified members or other participants located in the US with direct access to its electronic order entry and trade matching system. »

MPI’s endowment research shows highest performers in 2016

Fri, 21/10/2016 - 14:40

Research and analytics firm MPI has published an assessment of Ivy League endowments’ 2016 FY Performance. The firm writes that asset allocation remains the largest determining factor in endowment performance. »

Timothy Massad, CFTC

CFTC and FCA sign MOU on supervision of cross-border regulated firms

Fri, 07/10/2016 - 09:21

The US Commodity Futures Trading Commission (CFTC) and the UK Financial Conduct Authority (FCA) have signed a memorandum of understanding (MOU) regarding the supervision of cross-border regulated firms. »

Jeffrey Rosenthal, Anchin, Block & Anchin

Form ADV amendments increase compliance demands

Thu, 06/10/2016 - 11:19

The SEC has recently adopted amendments to its Form ADV. Included are provisions that attempt to get a clearer handle on the extent to which Advisers are using outsourced chief compliance officers, placing even greater scrutiny on smaller managers who are more inclined to outsource the CCO function. »

Ron Geffner. Sadis & Goldberg

Sadis & Goldberg LLP - Best North American Law Firm

Mon, 03/10/2016 - 15:41

Sadis & Goldberg LLP is one of New York's leading financial services focused law firms. Known both domestically and internationally as a dominant force in the financial services sector, Sadis & Goldberg serves clients throughout the world and was recently ranked as one of the top five law firms for hedge fund launches in the 2016 Preqin Global Hedge Fund Report.  »

Daniel Och, Och-Ziff

Hedge fund Och-Ziff reaches USD412m settlement with US DoJ and SEC

Fri, 30/09/2016 - 09:53

Och-Ziff Capital Management is to pay USD412 million to settle US Department of Justice (DoJ) and Securities Exchange Commission (SEC) charges relating its private investment business in Africa and a 2007 investment by the Libyan Investment Authority. »

events
17 hours 59 min from now - Mumbai
1 week 1 day from now - Paris
1 week 5 days from now - London
1 week 6 days from now - New York
1 week 6 days from now - London
training
Sun, 19/03/2017   - London
Mon, 20/03/2017   - London
Tue, 21/03/2017   - London
listingsdirectory
IKONIC Fund Services Ltd.
Tue, 29/11/2016 - 11:28
Backstop Solutions Group
Tue, 08/11/2016 - 17:44
The Gemini Companies
Mon, 17/10/2016 - 11:51
specialreports
other gfm publications