James McDonald, CFTC

Tullet Prebon to pay USD13m CFTC penalty for supervisory failures and false statements

Mon, 16/09/2019 - 09:32

The US Commodity Futures Trading Commission has issued two orders filing and settling charges against Tullett Prebon Americas Inc, an interdealer broker and CFTC-registered introducing broker headquartered in New Jersey, requiring the company to pay a total of USD13 million for failing to supervise employees and making false or misleading statements to CFTC staff. »

Jay Clayton, SEC

SEC and CFTC charge Options Clearing Corp with failing to establish and maintain adequate risk management policies

Thu, 05/09/2019 - 10:25

The Options Clearing Corporation (OCC) is to undertake remedial efforts and pay USD20 million in penalties to settle SEC and CFTC charges that it failed to implement policies to manage certain risks as required by US laws and SEC and CFTC rules. »

Daniel Michael, SEC

SEC charges broker-dealer and CEO with supervision failures related to hedge fund valuation scheme

Thu, 22/08/2019 - 09:34

The Securities and Exchange Commission has charged New York-based broker-dealer AOC Securities, and its former chief executive officer, Ronaldo Gonzalez, with failing to supervise an AOC broker who provided inflated price quotes for certain securities to a significant customer of AOC. »

Team building

CFTC Chairman Tarbert announces additional executive leadership appointments

Thu, 08/08/2019 - 09:50

US Commodity Futures Trading Commission Chairman Heath P Tarbert has announced the following appointments to the CFTC’s executive leadership team. »

US dollars

SEC awards overseas whistleblower USD500,000

Tue, 23/07/2019 - 22:31

The US Securities and Exchange Commission (SEC) announced a whistleblower award to an anonymous overseas foreign national of half a million dollars.  »

Northern Trust

What's next for the SEC? The fund of funds rule

Wed, 10/07/2019 - 09:00

By Northern Trust – With Regulation Best Interest in the rearview mirror, the SEC is poised to finalise rules governing fund of fund arrangements. Following the adoption of the long-delayed final Regulation Best Interest in June, what’s next for the US Securities and Exchange Commission (SEC)? »

J Christopher Giancarlo, CFTC

CFTC provides further Brexit-related advice

Mon, 08/04/2019 - 10:56

The Commodity Futures Trading Commission’s (CFTC) Divisions of Swap Dealer and Intermediary Oversight (DSIO), Market Oversight (DMO), and Clearing and Risk (DCR), is to grant no-action relief to provide greater certainty to the global marketplace in connection with the anticipated withdrawal of the United Kingdom of Great Britain and Northern Ireland (UK) from the European Union (EU) with or without a ratified withdrawal agreement (Brexit). »

Picture of a handshake with money

CFTC makes whistleblower award totalling more than USD2m

Tue, 05/03/2019 - 10:55

The Commodity Futures Trading Commission (CFTC) has announced a whistleblower award totalling more than USD2 million to be paid to an individual whistleblower. »


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