CFTC
Hedge Fund SAC Capital Guilty of Insider Trading - Loses Fund Management License
- Leading hedge fund found guilty of insider trading in 2013 has license revoked by the CFTC. SAC Capital has paid $1.2 billion in fines and will no longer be offering fund management services.
Tuesday, 16/09/2014 | 23:30 GMT by
Adil Siddiqui
Morgan Stanley Settles to Pay $280,000 to CFTC, Relating to Faults in KYC Procedures
- The regulator also established failures relating to enforcement of imposed trading limits, lack of timely and accurate response to a CFTC document request, and failure to maintain adequate customer records.
Monday, 15/09/2014 | 23:03 GMT by
Victor Golovtchenko
Tera Exchange's bitcoin derivative platform approved by CFTC
Sunday, 14/09/2014 | 12:32 GMT by
Leon Pick
Hedge Funds Allowed to Advertise Freely Pending a Notice to the CFTC
- The decision permitting private funds to advertise has been unveiledIn in a letter by the CFTC , acting as a harmonization effort to put outdated rules in sync with a 2012 law mandating the SEC to lift ads limits.
Friday, 12/09/2014 | 13:49 GMT by
Victor Golovtchenko
July CFTC FCM Data Reveals Retail Forex Funds Growing at GAIN Capital, OANDA and FXCM
- Total Retail Forex Funds rose by $41,413,312 in July when compared to the previous month, with the top three retail forex brokerages in the US GAIN Capital, FXCM and OANDA registering substantial rises.
Thursday, 11/09/2014 | 19:43 GMT by
Victor Golovtchenko
ZuluTrade Fined $350,000 for Opening Accounts for Individuals from US Sanctioned Countries
- The CFTC found that for at least three years from October 2010 to October 2013, Zulutrade opened approximately 400 accounts for account holders from OFAC targeted countries (primarily Iran, Sudan, and Syria).
Tuesday, 09/09/2014 | 20:02 GMT by
Avi Mizrahi
CFTC Fines Merrill Lynch $1.2 Million for Charging Clients Excess Fees for over Two Years
- Merrill Lynch did not provide any meaningful training to employees regarding how to conduct fee reconciliations until 2013 and the procedures until that time were ”not fit for purpose” and “fundamentally flawed."
Wednesday, 27/08/2014 | 12:02 GMT by
Avi Mizrahi
Colorado Company R2 Capital Charged with Fraud and Misappropriation by the CFTC
- After the NFA provided a lead in December last year, the CFTC has charged R2 Capital Group LLC. and its owners its owners, Ryan Tomazin, Ryan Madigan, Randell A.Vest with fraud and misappropriation.
Thursday, 21/08/2014 | 22:18 GMT by
Victor Golovtchenko
First Look at the Binary Options and Bull Spreads Trading Nadex iPad App
- The iPad application conforms to the trends, complimenting the full portfolio of applications designed for the mobile space by Nadex - existing offerings already include iPhone, Android and Windows Phone apps.
Friday, 01/08/2014 | 10:13 GMT by
Victor Golovtchenko
Lloyds Banking Group Faces over $200 Million Fine in LIBOR Manipulation Charges
- The British and American regulators have settled against Lloyds Banking Group plc and affiliates for false trade reporting and the manipulation of LIBOR & Repo Rates, levying the third highest fine by the FCA.
Monday, 28/07/2014 | 14:06 GMT by
Jeff Patterson
Allston Holdings Appoints Regulatory Specialist Jill Sommers
- Allston Holdings LLC, a parent group of leading proprietary electronic trading firm Allston Trading, has named former Commodity Futures Trading Commission (CFTC) Commissioner Jill E. Sommers to its Board of Managers.
Tuesday, 22/07/2014 | 14:38 GMT by
Jeff Patterson
CFTC: A Forex Firm Promising to "Consistently Deliver in All Market Conditions" Is Fraud
- The US watchdog added allegations of fraudulent misrepresentation, false statements and misappropriation of $1 million of pool participant funds to charges against Daniel K. Steele, who got $2 million from investors
Sunday, 20/07/2014 | 11:29 GMT by
Avi Mizrahi
Poland: Bitcoin derivatives are financial instruments, Bitcoin isn't currency
Wednesday, 09/07/2014 | 13:40 GMT by
Leon Pick
CFTC April FCM Financials Show Continued Contraction in US Forex Industry
- In what isn’t much of a surprise, the CFTC’s monthly report of April FCM financials is showing a decline in the size of the US forex industry, falling below $600m to $595.2m in US retail forex customer assets.
Tuesday, 17/06/2014 | 14:44 GMT by
Ron Finberg
ICAP's Traiana Launches an Enhanced Version of Its CreditLink SEF Platform
- The company's CreditLink platform is a tool covering the needs of prime brokers, executing brokers and buy side firms, for full compliance with CFTC regulations related to swap execution facilities.
Thursday, 29/05/2014 | 16:00 GMT by
Victor Golovtchenko
Global Futures & Forex Ltd (GFT) to Pay $200K Fine by CFTC to Settle Capital Violation Charges
- The order settles charges against Global Futures & Forex, Ltd. (GFT) over a failure to comply with minimum financial requirements that occurred between December 2010 and November 2012, prior to the GCAP acquisition.
Monday, 19/05/2014 | 18:05 GMT by
Steven Hatzakis
ICAP Launches Its Trans-Atlantic SEF, Regulated by Both CFTC and FCA
- The world's largest broker responsible for interbank transactions has unveiled its SEF offering today which could help alleviate the liquidity-squeeze effects caused by different regulatory environments.
Thursday, 15/05/2014 | 15:09 GMT by
Victor Golovtchenko
RP Martin Fined by CFTC and FCA, over Yen Libor Manipulation, Totaling $2.2M in Penalties
- RP Martin Holdings Limited, and subsidiary Martin Brokers (UK) Ltd were fined a total $2.2M, of which $1.2M was announced by the CFTC today, and the other $1M equivalent (£630K) by the FCA today over Yen LIBOR case.
Thursday, 15/05/2014 | 14:09 GMT by
Steven Hatzakis
TriOptima Partners with CME Group for OTC Trade Repository Initiative
- TriOptima and CME Group are teaming up to provide clients with portfolio trade repository data for multiple asset-classes and verification for over the counter (OTC) derivatives, according to a ICAP statement.
Tuesday, 13/05/2014 | 10:01 GMT by
Jeff Patterson
The US CFTC Issues an Amendment to Its Complaint Against Banc De Binary
- The regulator has made the charges personal and included three corporate affiliates into the complaint it has filed in June 2013 - E.T. Binary Options Ltd., BO Systems Ltd. and BDB Services Ltd.
Wednesday, 07/05/2014 | 21:06 GMT by
Victor Golovtchenko
Analysis: Markit Converging Towards IPO Amidst Transparency Measures
- Markit, a leading global provider of financial services across OTC and derivatives has announced the F-1 filing with the Securities and Exchange Commission (SEC) for an initial public offering (IPO).
Wednesday, 07/05/2014 | 11:31 GMT by
Jeff Patterson
ASIC Mandate Necessitates DTCC Extension of Trade Reporting Service
- The Depository Trust & Clearing Corporation (DTCC) has launched an extended Global Trade Repository (GTR) service to market participants for OTC derivatives, with provisions for further asset-class expansion.
Tuesday, 29/04/2014 | 13:29 GMT by
Jeff Patterson
Binary Options Exchange Nadex Welcomes Group One Futures Trading as Market Maker
- One of the largest privately held options market makers in the U.S. has joined a regulated binary options exchange as binary options gets a boost for the Chicago-based North American Derivatives Exchange.
Monday, 21/04/2014 | 16:15 GMT by
Steven Hatzakis
CFTC Gives Green Light for Gain Capital's GTX SEF LLC application as a Swap Execution Facility
- The Commodities Futures Trading Commission has today posted that it temporarily approved the SEF application for GTX SEF LLC, after it had previously granted it time-limited no-action relief last October.
Thursday, 17/04/2014 | 20:12 GMT by
Steven Hatzakis
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