CFTC Approves National Futures Association Rules Enhancing Protections for Retail Forex Customers
August 28th, 2015
The U.S. Commodity Futures Trading Commission (Commission) today approved rule amendments and a new interpretive notice filed by the National Futures Association (NFA). NFA is a registered futures association under section 17 of the Commodity Exchange Act (Act), and ...
CFTC Issues Proposed Amendments to Swap Data Recordkeeping and Reporting Requirements for Cleared Swaps
August 21st, 2015
What is Swap? A currency swap is the simultaneous sale and purchase of the same amount of a given currency at a forward exchange rate. Find More Glossary Terms for Trading under Trading Education The U.S. Commodity Futures Trading ...
CFTC Issues Order of Exemption from Registration as a Derivatives Clearing Organization to ASX Clear (Futures) Pty Limited
August 19th, 2015
First Order of its Kind Issued by the Commission The U.S. Commodity Futures Trading Commission (Commission) issued an order of exemption from registration as a derivatives clearing organization (DCO) to ASX Clear (Futures) Pty Limited (ASX). The order is ...
CFTC Charges New York Resident Gary Creagh and his Company
August 10th, 2015
CFTC Charges New York Resident Gary Creagh and his Company, Wall Street Pirate Management, LLC, with Making False Statements to the National Futures Association The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of an enforcement action charging ...
New York Federal Court Orders New York Financial Advisor Wayne P. Weddington III and His Companies to Pay More than $1 Million
August 6th, 2015
The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Colleen McMahon of the U.S. District Court for the Southern District of New York entered a Consent Order of permanent injunction against Defendants Wayne P. Weddington III of New York, New ...
$76 Million penalties for Forex Ponzi Scheme
August 3rd, 2015
In Related Criminal Actions, Simmons Sentenced to 40 Years’ and Salazar Sentenced to 4.5 Years’ Incarceration and Ordered to Pay in Total $40 Million in Criminal Restitution Both Simmons and Salazar Currently are Serving Their Prison Sentences The U.S. ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
CFTC Issues an Exemption to the Hong Kong Securities and Futures Commission (HKSFC)
March 23rd, 2015
CFTC Issues an Exemption to the Hong Kong Securities and Futures Commission Permitting U.S. Customers to Deal Directly with Hong Kong Brokers The U.S. Commodity Futures Trading Commission (CFTC or Commission) today issued an order to Hong Kong Securities ...
CFTC Further Implements Trade Execution Requirement
November 11th, 2014
The Commodity Futures Trading Commission’s (CFTC or Commission) Division of Market Oversight (Division) announced further implementation of the trade execution requirement for certain interest rate and credit default swaps. The Division previously provided no-action relief for certain swaps required ...
CFTC charges Texas-Based Financial Robotics, Inc. for Fraudulent Forex Scheme
October 27th, 2014
The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Lee H. Rosenthal of the U.S. District Court for the Southern District of Texas entered an Order of default judgment and permanent injunction against Defendant Financial Robotics, Inc. ...
