Legal & Regulation

Story

Derivatives Service Bureau announces 2020 industry consultation timeline

Derivatives Service Bureau announces 2020 industry consultation timeline

The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives, has announced the 2020 industry consultation timeline, bringing publication of annual user fees forward and moving to a single in-depth consultation.

Story

CFTC orders Florida resident and company to pay over USD1m for commodities pool fraud

CFTC orders Florida resident and company to pay over USD1m for commodities pool fraud

The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against Matthew . White and MW Global Futures LLC (MWGF), both of Florida, for fraudulently soliciting approximately USD1.2 million for a pooled investment vehicle trading commodity futures contracts, misappropriating over USD280,000 in pool participants’ funds to pay for personal expenses, and operating without registration as required. 

Story

CFTC charges ‘crypto club’ Q3 and its Principal in USD33m over fraudulent digital asset scheme

CFTC charges ‘crypto club’ Q3 and its Principal in USD33m over fraudulent digital asset scheme

The Commodity Futures Trading Commission has filed a civil enforcement action against defendants Q3 Holdings, and Q3 I, and their principal, Michael Ackerman for fraudulently soliciting over USD33 million to purportedly trade digital assets and misappropriating a substantial portion of the funds raised.