Tag: U.S Commodity Futures Trading Commission

SFC fines
April 07, 2017 BY Valentina Kirilova

Westward International Ltd and Coucarin Holdings Ltd charged more than $1.77 million in CFTC binary options fraud action

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge James I. Cohn of the U.S. District Court for the Southern District of Florida entered final default judgments against Relief Defendants Westward International Ltd. and Coucarin Holdings Ltd., both of Deerfield Beach, Florida. The Default Judgment Orders, both entered on March 23, 2017, require Westward…

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March 27, 2017 BY Valentina Kirilova

CFTC staff provides relief associated with swap trade confirmations

The U.S. Commodity Futures Trading Commission's (CFTC) Division of Market Oversight (DMO) issued a no-action letter extending relief associated with swap trade confirmation requirements that previously was provided in CFTC Staff Letter 16-25, which expires March 31, 2017. The letter extends the relief until the effective date of any revised CFTC regulations regarding trade confirmation…

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March 07, 2017 BY Valentina Kirilova

CFTC announces Daniel J. Davis as General Counsel

U.S. Commodity Futures Trading Commission Acting Chairman J. Christopher Giancarlo announced that Daniel J. Davis has been named the agency’s General Counsel. Mr. Davis comes to the CFTC from the law firm of Proskauer Rose LLP, where he was Special Counsel in the Labor & Employment Law Department. Mr. Davis will assume his duties today.…

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SFC fines
February 09, 2017 BY Valentina Kirilova

CFTC orders Oden Capital Management, LLC to pay a $100,000 penalty

The U.S. Commodity Futures Trading Commission (CFTC) entered an Order filing and settling charges against Dallas, Texas-based Commodity Pool Operators (CPOs) John B. Oden and Oden Capital Management, LLC (OCM) for unlawfully operating two commodity interest pools, Oden Currency Fund, LP (OCF), operated by Oden, and Oden Currency Fund I, LP (OCF I), operated by…

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January 25, 2017 BY Valentina Kirilova

CFTC extends public comment period for the supplemental proposal for Regulation Automated Trading

The U.S. Commodity Futures Trading Commission (CFTC) announced that it is extending the comment period for the supplemental proposal for Regulation Automated Trading (Regulation AT) to May 1, 2017. The CFTC shared that it recognizes the broad range of topics addressed in the supplemental proposal and the number of questions within it. Notice of this…

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January 23, 2017 BY Valentina Kirilova

CFTC names J. Christopher Giancarlo Acting Chairman

Commissioner J. Christopher Giancarlo was designated as Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC). Mr. Giancarlo joined the CFTC on June 16, 2014 after being unanimously confirmed by the U.S. Senate on June 3, 2014, to serve as a Commissioner of the CFTC, the federal agency that oversees the commodity futures, options…

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January 19, 2017 BY admin

Enforcement Director Aitan Goelman set to leave CFTC

U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad, who announced himself he would resign at the beginning of the month, today announced that Division of Enforcement Director Aitan Goelman will also leave the agency on February 3, 2017. During Mr. Goelman’s tenure, the Division brought a number of first-in-kind cases utilizing the new enforcement…

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cftc penalty
January 19, 2017 BY Valentina Kirilova

CFTC fines Citigroup Global Markets Inc. $25 Million for spoofing in U.S. Treasury futures markets

The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Citigroup Global Markets Inc. for spoofing — bidding or offering with the intent to cancel the bid or offer before execution — in U.S. Treasury futures markets and for failing to diligently supervise the activities of its employees and…

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