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CFTC adds 71 names to list of illegal foreign trading entities

CFTC adds 71 names to list of illegal foreign trading entities

Wed, 26/04/2017 - 09:25

The US CFTC has added 71 names to its Registration Deficient (RED) List, which contains the names of unregistered foreign entities that the CFTC has reason to believe are soliciting and accepting funds from US residents at a retail level for trading in binary options or foreign currency. »

CFTC grants registration to NEX SEF

CFTC grants registration to NEX SEF

Fri, 21/04/2017 - 09:34

The US Commodity Futures Trading Commission (CFTC) has issued an order of registration to London-based NEX SEF Limited, granting it registration status as a swap execution facility (SEF).  »

CFTC extends time-limited no-action relief for swap dealers doing business in Europe

CFTC extends time-limited no-action relief for swap dealers doing business in Europe

Wed, 19/04/2017 - 07:38

The US CFTC has issued an extension of the time-limited no-action relief provided in CFTC Staff Letter 17-05 from 8 May 2017 until 7 November 2017.  »

CFTC fines Citigroup traders USD550,000 over spoofing

CFTC fines Citigroup traders USD550,000 over spoofing

Fri, 31/03/2017 - 09:36

The US Commodity Futures Trading Commission (CFTC) has issued two separate orders filing and settling charges against Stephen Gola and Jonathan Brims for spoofing — bidding or offering with the intent to cancel the bid or offer before execution — in US Treasury futures markets while trading for Citigroup Global Markets. »

SEC logo

The investment manager’s guide to business continuity compliance

Tue, 28/03/2017 - 09:36

In today’s unpredictable world, it’s more critical than ever that investment managers and advisers establish plans to keep their businesses from experiencing undue harm. Daily business operations can be impacted by a wide variety of scenarios– from the most threatening, large-scale disasters (like terrorism, natural disasters, etc.) to more common, user-provoked errors. But regardless of the size and scope of the disruption, today’s financial firms are often ill-prepared to restore operations in a timely manner – and with minimal impact to the firm. »

Neil Pecker and Vision Financial Partners to pay USD6.5m to settle CFTC fraud charges

Neil Pecker and Vision Financial Partners to pay USD6.5m to settle CFTC fraud charges

Wed, 22/03/2017 - 08:46

Neil Pecker and his company, Vision Financial Partners, are to pay USD6.5 million to settle US CFTC charges of fraudulent solicitation and misappropriation in connection with off-exchange binary options. »

Ron Jordan, DTCC

DTCC’s GMEI utility awarded GLEIF accreditation

Tue, 21/03/2017 - 09:00

The Depository Trust & Clearing Corporation’s (DTCC) subsidiary operating the Global Markets Entity Identifier utility (GMEI utility) has received official accreditation from the Global Legal Entity Identifier Foundation (GLEIF). »

CFTC extends comment period on capital requirements of swap dealers

CFTC extends comment period on capital requirements of swap dealers

Tue, 14/03/2017 - 08:52

The US Commodity Futures Trading Commission (CFTC) is extending the comment period on its proposed capital requirements applicable to swap dealers and major swap participants for an additional 60 days. »

Marshall Terry, DMWGAI

Hedge fund industry working group to focus on data management quality

Fri, 10/03/2017 - 08:56

More than 150 senior executives from across the hedge fund industry have attended the first meeting of the new Data Management Working Group for the Alternatives Industry (DMWGAI). »

Mia Drennan, GLAS

GLAS expands trust services offering with US regulation

Thu, 02/03/2017 - 09:13

Global Loan Agency Services, the UK parent of the global GLAS companies, has now received US regulatory approval and the newly chartered GLAS Trust Company will be regulated by the State of New Hampshire. »

Dan Viola, Sadis & Goldberg

What impact will the Trump administration have on the fiduciary rule?

Fri, 24/02/2017 - 10:55

By Dan Viola, partner, Sadis & Goldberg – Status of the new DOL fiduciary rule. The Department of Labor’s (the DOL) new fiduciary ruling (the Rule) has created strife in the securities industry and has the potential to significantly impact how financial advisers and brokers will manage retirement accounts in the future.   »

John Oden and OCM fined USD100,00 over unlawful commodity interest pools

John Oden and OCM fined USD100,00 over unlawful commodity interest pools

Fri, 10/02/2017 - 08:47

John B Oden and Oden Capital Management (OCM) are to pay USD100,000 to settle CFTC charges over the unlawfully operation two commodity interest pools, Oden Currency Fund (OCF), operated by Oden, and Oden Currency Fund I (OCF I), operated by OCM. »

FXCM and founders fined USD7m over forex fraud

FXCM and founders fined USD7m over forex fraud

Tue, 07/02/2017 - 09:07

Forex Capital Markets (FXCM), its parent company FXCM Holdings and FXCM’s founding partners, Dror Niv and William Ahdout, are to pay a USD7 million penalty to settle CFTC charges that they defrauded retail forex customers. »

RBS fined USD85m for attempted manipulation of US dollar ISDAFIX benchmark swap rates

RBS fined USD85m for attempted manipulation of US dollar ISDAFIX benchmark swap rates

Mon, 06/02/2017 - 08:52

The Royal Bank of Scotland (RBS) is to pay a USD85 million civil monetary penalty to settle CFTC charges that over a five-year period from January 2007 through March 2012, through the acts of multiple traders, RBS attempted to manipulate the US Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX). »

CFTC issues time-limited no-action relief for swap dealers doing business in EU

CFTC issues time-limited no-action relief for swap dealers doing business in EU

Thu, 02/02/2017 - 10:09

The US Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) has issued a time-limited no-action letter for swap dealers doing business in the EU. »

E*TRADE to pay USD280,000 to settle CFTC charges

E*TRADE to pay USD280,000 to settle CFTC charges

Fri, 27/01/2017 - 09:33

E*TRADE Securities and E*TRADE Clearing are to jointly pay a USD280,000 civil monetary penalty to settle CFTC charges over non-compliance with applicable record-keeping rules and failure implement diligent supervision.  »

Timothy Massad, CFTC

CFTC general counsel Marcus to step down

Fri, 27/01/2017 - 09:27

US Commodity Futures Trading Commission (CFTC) general counsel Jonathan L Marcus is to leave the agency.  »

J Christopher Giancarlo, CFTC

CFTC names J Christopher Giancarlo as acting chairman

Mon, 23/01/2017 - 08:48

Commissioner J Christopher Giancarlo has been named as acting chairman of the US Commodity Futures Trading Commission (CFTC). »

Citigroup to pay USD25m to settle Treasury futures spoofing charges

Citigroup to pay USD25m to settle Treasury futures spoofing charges

Fri, 20/01/2017 - 08:49

Citigroup is to pay USD25 million to settle CFTC charges against for spoofing – bidding or offering with the intent to cancel the bid or offer before execution — in US Treasury futures markets and failed to diligently supervise the activities of its employees and agents. »

Timothy Massad, CFTC

Enforcement director to leave CFTC

Fri, 20/01/2017 - 08:46

US Commodity Futures Trading Commission division of enforcement director Aitan Goelman will leave the agency on 3 February 2017. »

Anthony Scaramucci

SkyBridge Capital sells majority stake with Anthony Scaramucci to step down immediately

Tue, 17/01/2017 - 16:52

The majority of global alternative firm SkyBridge Capital has been sold to  RON Transatlantic EG and HNA Capital. Financial terms of the transaction have not been disclosed but at the end of November SkyBridge managed or advised on USD12 billion. »

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). »

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Awards

Hedgeweek Global Awards 2017

Hedgeweek Global Awards 2017

Thu, 06/04/2017 - 14:14

GFM Events

James Williams, Global Fund Media

Shaping smarter performance

Wed, 29/03/2017 - 10:44

Special Reports

Bermuda Fund Services 2017

Bermuda Fund Services 2017

Fri, 24/03/2017 - 11:55

Switzerland Hedge Funds 2017

Mon, 27/03/2017 - 13:53

Guide to Relocation 2017

Guide to Relocation 2017

Mon, 20/02/2017 - 15:43

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