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Op-ed

Data Volumes Are Growing Rapidly, and so is the Need to Archive Them

Record-Keeping Requirements Continue to Intensify.
4 digital archiving trends that will shape the remainder of 2023.

Thursday, 23/03/2023 | 20:05 GMT by Harriet Christie

CryptoCurrency

US Regulators Charge FTX’s Senior Executive Nishad Singh with Fraud

Associates Caroline Elison and Gary Wang pleaded guilty in December last year.
Samuel Bankman-Fried pleaded not guilty to eight count charges in early January.

Tuesday, 28/02/2023 | 20:51 GMT by Solomon Oladipupo

Retail FX

CFTC Busts $145M FX Ponzi Schemes, Charges Masterminds

The three schemes were interconnected.
The agency already received a court order to freeze the defendants' assets.

Friday, 24/02/2023 | 05:19 GMT by Arnab Shome

CryptoCurrency

CFTC Busts California Firm and CEO for $7M Crypto Ponzi Scheme

The scheme offered the investors a daily return of at least 2.5 percent.
It claimed to be using "Robot Traders" to trade with customers' digital assets.

Friday, 17/02/2023 | 08:06 GMT by Arnab Shome

CryptoCurrency

CFTC Charges Mango Markets Manipulator with Fraud

It is the first regulatory enforcement action for decentralization platform manipulation.
The defendant is already facing criminal charges brought by the DoJ.

Tuesday, 10/01/2023 | 05:29 GMT by Arnab Shome

Retail FX

CFTC Fines CHS Hedging $6.5 Million for AML Breaches

The penalty was related to the activities of one of FCM's customers.
The customer paid $167 million in margin calls over four years.

Wednesday, 21/12/2022 | 06:23 GMT by Arnab Shome

Institutional FX

CFTC Charges Glen Point Capital for FX Market Manipulation

Its Co-CIO manipulated USD/ZAR prices for receiving payouts from two binary options contracts.
He even explicitly revealed his market manipulation intentions to the bank salesperson.

Friday, 16/12/2022 | 05:56 GMT by Arnab Shome

CryptoCurrency

US’ CFTC Charges Bankman-Fried, FTX.com and Alameda with Fraud

The regulator said the defendants' action resulted in a loss of over $8 billion.
The CFTC accused Bankman-Fried of manipulating FTX.com's codes to favour Alameda Research.

Tuesday, 13/12/2022 | 19:24 GMT by Solomon Oladipupo

Retail FX

CTAX Pool and Introducing Broker to Pay over $2.3 Million for Fraud

CTAX operated between July 2014 and March 2019.
Reckless trading with the pool funds resulted in an 89 percent loss of pool assets.

Wednesday, 26/10/2022 | 06:49 GMT by Arnab Shome

Retail FX

MIAX-Owner Completes CFTC-Regulated FCM Dorman Trading

The financial terms of the deal are not known yet.
It will expand the offerings of the holding company.

Monday, 24/10/2022 | 09:41 GMT by Arnab Shome

Retail FX

US Watchdog CFTC Slams $720k Fine on 2 Chinese Firms for Wash Trading

The companies were charged with position limit violations and reporting failures.
The violations occurred between April 22 and May 1, 2020.

Friday, 23/09/2022 | 19:38 GMT by Solomon Oladipupo

CryptoCurrency

The SEC and CFTC Propose Amending Form PF, Cryptocurrency Exposure to Be Included

Material events will require reporting within one business day.
Withdrawal and redemption rights, inflows and outflows must now be reported.

Thursday, 11/08/2022 | 08:46 GMT by Matti Williamson

Institutional FX

CFTC Grants Swap Execution Facility Registration to AEGIS SEF

The company applied for permission in March.
Now, the CFTC registers 20 SEFs.

Thursday, 21/07/2022 | 05:48 GMT by Arnab Shome

News

CFTC Ends McAfee’s Crypto Pump-and-Dump Charges, Fined Bodyguard $290K

Watson assisted McAfee in pulling off the pump-and-dump schemes.
McAfee committed suicide under mysterious circumstances in July 2021.

Tuesday, 19/07/2022 | 07:44 GMT by Arnab Shome

Retail FX

US Court Hits FX and Binary Options Pool Fraud with $29M in Penalty

The scheme operated for five years.
The operators misappropriated funds and made Ponzi payments.

Monday, 18/07/2022 | 06:14 GMT by Arnab Shome

Regulation

CFTC Adds 34 Illegal FX and Binary Options Platforms to the RED List

These platforms are operating in the US without a license.
Several of these platforms are now down.

Friday, 15/07/2022 | 06:06 GMT by Arnab Shome

Retail FX

CFTC Sanctions Commodity Pool Operator with $13 Million

David Seibert was ordered to pay $10,794,508 in restitution to victims of his scheme.
He allegedly accepted over $10 million from 11 participants in his scheme.

Thursday, 07/07/2022 | 23:28 GMT by Felipe Erazo

Institutional FX

CFTC Fines JPMorgan for Swap Reporting Failures

The financial services provider failed to comply with its reporting obligations as a swap dealer.
The CFTC also highlighted the importance of timely reporting of swap transactions.

Wednesday, 06/07/2022 | 10:00 GMT by Bilal Jafar

Retail FX

CFTC Charges South African Pool Operator in Its Largest BTC Fraud Case

Steynberg and MTI defrauded investors of more than $1.7 billion.
The investors were non-eligible contract participants (ECPs).

Thursday, 30/06/2022 | 19:29 GMT by Solomon Oladipupo

Institutional FX

CFTC Slams $1.37m Fine on Starberry for Acting as FCM without a Permit

Starberry accepted more than $400 million from a foreign customer.
The corporation is to disgorge the 'unlawful' earnings.

Friday, 24/06/2022 | 20:10 GMT by Solomon Oladipupo

News

CFTC Sues Crypto Exchange Gemini for Sharing Misleading Information

The shared information was related to a Bitcoin futures product.
The exchange has decided to flight the legal battle in the court.

Friday, 03/06/2022 | 08:20 GMT by Arnab Shome

Regulation

CFTC Commissioner Seeks Crypto Regulation after Terra Collapse

The Terra collapse has expedited the need for crypto regulations.
Regulators and lawmakers are evaluating if stablecoins fall under derivatives.

Wednesday, 01/06/2022 | 07:10 GMT by Arnab Shome

Institutional FX

Glencore Settles US Market Manipulation Charges Paying $1.18 Billion

The company is now facing two criminal charges in the country.
It also indicated pleading guilty to bribery charges in the UK.

Wednesday, 25/05/2022 | 06:17 GMT by Arnab Shome

Retail FX

CFTC Busts $44 Million Ponzi Crypto Investment Scheme

The alleged perpetrators defrauded at least 170 investors.
They have targeted investors at least since January 2021.

Friday, 20/05/2022 | 05:50 GMT by Arnab Shome

Executives

CFTC Commissioner Announces Three Staff Appointments

Chris Lucas, Terry Arbit and Elizabeth Mastrogiacomo were appointed by the CFTC.
The CFTC Commissioner made the announcement.

Monday, 16/05/2022 | 23:38 GMT by Felipe Erazo

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