The CFTC fined three HSBC affiliates a total $75m for manipulative and deceptive trading, spoofing, and supervision and record-keeping failures.
May 15, 2023Employees, including those at senior levels and in compliance roles, used unapproved messaging tools to engage in business-related communications.
May 12, 2023An oversight body for inspectors general found that Roy Lavik wasted government funds, revealed the identities of whistleblowers, and disparaged employees.
May 5, 2023The CFTC ordered the operator of a fraudulent multilevel marketing scheme to pay a $1.7bn penalty and a further $1.7bn in restitution.
May 1, 2023Mizuho Capital Markets engaged in anticipatory hedges of deal-contingent FX forwards without appropriate disclosure to customers.
April 27, 2023Brock Arnason discusses the alignment between different reporting regimes and offers best practice recommendations for complying with the requirements.
April 27, 2023The Bank of England will rely on the CFTC for supervision and oversight of US-based CCPs offering clearing services in the UK.
April 18, 2023The UAT environment will help the industry prepare for incoming OTC derivatives reporting requirements. The full UPI Service will launch on 16 October 2023.
April 18, 2023The CFTC said Goldman touted supposed benefits of same-day swap transactions to clients, but not the corresponding costs.
April 12, 2023The MoU supports TAIFEX's application for recognition as an exempted clearing agency in Ontario, which will enable Canadian FIs to use its clearing service.
April 10, 2023