The Managed Funds Association (MFA) has submitted a comment letter in support of the Commodity Futures Trading Commission’s (CFTC) proposed rules on the mandatory clearing of certain additional interest rate swap classes. “We strongly support the CFTC’s proposal and its
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. The indicted individuals are: Mark Nordlicht, the founder and chief investment officer of Platinum;
Irving H Picard, Securities Investor Protection Act (SIPA) trustee for the liquidation of Bernard L Madoff Investment Securities (BLMIS), says the seventh pro rata interim distribution from the Customer Fund to eligible BLMIS customers commenced on 30 June 2016. The
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. A subset of FinTech, RegTech consists
The Securities and Exchange Commission has obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to USD15 million from thousands of investors since August by falsely promising a 13-fold profit in less
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). NEX SEF is a private limited company, incorporated in the UK and
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. The extended relief states that the CFTC will not recommend enforcement action against a
The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Elephas Investment Management Ltd (Elephas), a Hong Kong based hedge fund, for violating wheat futures speculative position limits. The Order requires Elephas to pay a
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. The review, which covered a one-year target period, evaluated the Exchange’s compliance with elements of Designated
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).
