Tag: cftc
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CFTC Charges Cash FX Group and CEO in $950 Million Fraud Scheme
The CFTC filed a complaint in Florida against Cash FX Group S.A., CEO Huascar Jose Lopez Castillo, The Conversion Pros, Ronald Pope and Justin Halladay over an alleged $950 million fraud scheme.
Law EnforcementBusinessUSALegalFinancial MarketsFederal Government CFTCCash FX Group S.A.Huascar Jose Lopez CastilloThe Conversion Pros, Inc.Ronald PopeJustin HalladayFraud Scheme
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CFTC Issues Staff Advisory on "Mention Market" Event Contracts
The CFTC's Division of Market Oversight issued an advisory on listing and trading of "mention market" event contracts, covering contracts based on whether a person says certain words or appears at events.
BusinessPolitics and GovernmentUSAFinancial MarketsFederal GovernmentLegal CFTCDivision of Market Oversightmention market contractsevent contractsCFTC Staff Letter No. 26-27Commodity Futures Trading Commissionderivatives regulation
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CFTC Innovation Task Force to Host Frontier Forum Series on Financial Technology
The Commodity Futures Trading Commission's Innovation Task Force announced a public roundtable series examining technologies transforming American financial markets.
BusinessScience & TechnologyPolitics and GovernmentUSAFinancial MarketsFederal GovernmentComputers and InternetEconomy CFTCInnovation Task ForceFrontier Forum Seriesfinancial technologypublic roundtables
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CFTC Approves Final Rule Setting 30 Percent Presumption for Smaller Whistleblower Awards
The Commodity Futures Trading Commission approved a final rule creating a 30 percent presumption for whistleblower awards of $5 million or less, subject to Commission discretion and regulatory factors.
Politics and GovernmentBusinessUSAFederal GovernmentLegalFinancial MarketsLaw Enforcement Commodity Futures Trading Commissionwhistleblower awardsfinal ruleWhistleblower Award DeterminationCFTCfinancial regulation
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CFTC and Kansas State University to Host AgCon October 22-23
The CFTC and Kansas State University's Center for Risk Management Education and Research will host the 4th Agricultural Commodity Futures conference, AgCon2026, on October 22-23, 2026.
BusinessAgricultureFederal GovernmentEducationFinancial Markets CFTCKansas State UniversityAgCon2026Agricultural Commodity Futures conferenceCenter for Risk Management Education and Research
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CFTC Chairman Selig and Kansas State University Release AgCon 2026 Agenda
CFTC Chairman Michael S. Selig and Kansas State University's Risk Management Center released the agenda for the Agricultural Commodity Futures Conference, set for October 22-23, 2026, in Overland Park, Kansas.
BusinessPolitics and GovernmentUSAFederal GovernmentAgricultureFinancial MarketsEducation CFTCMichael S. SeligKansas State UniversityAgConAgricultural Commodity Futures ConferenceOverland ParkRisk Management Center
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CFTC Secures Over $500,000 in Penalties and Trading Bans for Commodity Pool Fraud
The CFTC announced court orders against Steven Likos and Archie Rice, directing them to pay over $500,000 in penalties and imposing trading bans for their involvement in commodity pool fraud and related violations.
Law EnforcementBusinessPolitics and GovernmentLegalFinancial MarketsFederal GovernmentEconomy Commodity Pool FraudCFTCSteven LikosArchie RiceTrading BansFinancial CrimeLegal Action
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CFTC Issues No-Action Letter to Electron Exchange for Large Trader Reporting
The CFTC's Division of Market Oversight has issued a no-action letter to Electron Exchange DCM LLC, allowing it to submit large trader reporting for direct participants as if their contracts were exclusively self-cleared.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial Markets CFTCElectron Exchange DCM LLCDivision of Market OversightNo-action letterLarge trader reportingFinancial regulationCommodity Futures
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CFTC Modifies Clearing Requirement for Canadian Dollar and Mexican Peso Interest Rate Swaps
The CFTC has updated its interest rate swap clearing rules, removing requirements for CADOR and TIIE-referenced swaps. New rules mandate clearing for Canadian dollar and Mexican peso-denominated swaps tied to overnight, nearly risk-free rates.
BusinessPolitics and GovernmentUSA CFTCInterest Rate SwapsClearing RequirementCanadian DollarMexican PesoFinancial RegulationDerivatives Clearing Organization
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CFTC Resolves Action Against Swaps Trader for Making False Statements
The CFTC announced a consent order against John Patrick Gorman III, a U.S. dollar swaps trader. The order, entered by the U.S. District Court for the Southern District of New York, resolves an action for making false statements.
BusinessLaw EnforcementPolitics and GovernmentFinancial MarketsLegalFederal GovernmentEconomy John Patrick Gorman IIICFTCSwaps TraderFalse StatementsConsent OrderU.S. District CourtSouthern District of New York
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Regulators Push Back Form PF Compliance to July 2027
The CFTC and SEC have jointly extended the compliance deadline for Form PF amendments from October 2026 to July 2027. This provides more time for investment advisers to private funds, including CPOs and CTAs, to meet new reporting requirements.
BusinessPolitics and GovernmentFederal GovernmentFinancial MarketsLegalEconomy CFTCSECForm PFComplianceInvestment AdvisersPrivate FundsFinancial Regulation
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CFTC Orders Gabriel Perez to Pay $172,000 for Insider Trading
Gabriel Perez was ordered by the CFTC to pay $172,000 for insider trading. He used confidential government information to trade event contracts on a prediction market platform for personal profit, settling charges with the commission.
BusinessPolitics and GovernmentLaw EnforcementFederal GovernmentFinancial MarketsLegal Gabriel PerezCFTCInsider TradingEvent ContractsPrediction MarketFinancial Crime
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CFTC Innovation Advisory Committee Holds Inaugural Meeting
The CFTC's Innovation Advisory Committee held its first meeting in Washington, D.C., to guide the Commission on technology, law, policy, and finance. The committee aims to ensure regulations keep pace with rapid financial innovation.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentFinancial MarketsComputers and InternetLegalEducation CFTCInnovation Advisory CommitteeWashington D.C.Financial InnovationRegulationTechnologyFinance
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CFTC Proposes Eliminating SEF Order Book Requirement
The CFTC proposes removing the order book requirement for swap execution facilities (SEFs) for permitted transactions. The agency is seeking public comments on this amendment to regulation ยง 37.3(a)(2), aiming to modify existing swap transaction execution rules.
BusinessPolitics and GovernmentFederal GovernmentFinancial MarketsLegalEconomy CFTCSwap Execution FacilitiesSEFOrder BookFinancial RegulationPublic CommentsRegulation
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CFTC Seeks Public Comment on Compute Derivatives Contracts
The CFTC is seeking public comment on compute derivatives contracts. This initiative aims to improve the Commission's understanding and oversight of these evolving markets, informing future regulatory approaches.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsEconomyLegal CFTCCompute DerivativesDerivatives MarketsRegulationFinancial ServicesRequest for CommentOversight
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CFTC Resolves Actions Against Former Alameda CEO, FTX Co-Founder
The CFTC announced supplemental consent orders against former Alameda CEO Caroline Ellison and FTX co-founder Gary Wang, resolving actions in the U.S. District Court for the Southern District of New York.
BusinessLaw EnforcementPolitics and GovernmentLegalFinancial MarketsFederal GovernmentEconomy CFTCCaroline EllisonGary WangAlameda ResearchFTXConsent OrdersLegal Proceedings
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CFTC Seeks Public Comment on Proposed Rule Changes for CPO and CTA Registration
The CFTC is seeking public comment on proposed rule changes for commodity pool operator and commodity trading advisor registration. The amendments aim to reduce duplicative regulation, streamlining requirements for market participants.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsLegal CFTCCommodity Pool OperatorCommodity Trading AdvisorRegulationRulemakingPublic CommentFinancial Services
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Chairman Selig Unveils Agenda for Inaugural Innovation Advisory Committee Meeting
CFTC Chairman Michael S. Selig released the agenda for the first Innovation Advisory Committee meeting. Scheduled for August 20 in Washington, the IAC's inaugural session will define its objectives and initial focus.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsEconomyGeneral Politics Michael S. SeligInnovation Advisory CommitteeIACWashingtonCFTCFinancial ServicesAugust 20
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CFTC Issues Advisory on Incentive Program Self-Certification
The CFTC's Division of Market Oversight issued an advisory reminding designated contract markets of their regulatory obligations. This guidance focuses on self-certification for incentive programs, including those for prediction markets, under CFTC Regulations 40.5 and 40.6.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsLegal CFTCDivision of Market OversightDesignated Contract MarketsIncentive ProgramsPrediction MarketsRegulatory ObligationsSelf-Certification
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CFTC Exercises Emergency Authority to Stabilize Markets
The CFTC invoked emergency powers today after KalshiEX, LLC declared a market emergency. The Commission ordered the exchange to maintain operations under the Commodity Exchange Act's Core Principles, aiming to ensure continued market stability.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsLegal CFTCKalshiEXMarket EmergencyEmergency AuthorityCommodity Exchange ActMarket StabilityFinancial Regulation
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CFTC Charges Goliath Ventures and CEO in $400 Million Fraud Scheme
The CFTC has filed a complaint against Goliath Ventures Inc. and CEO Christopher Delgado in Florida, alleging a $400 million fraud scheme, underscoring efforts to protect market integrity.
BusinessLaw EnforcementFinancial MarketsLegalFederal Government CFTCGoliath Ventures Inc.Christopher DelgadoFraud SchemeFloridaFinancial CrimeComplaint
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CFTC Innovation Advisory Committee to Hold Inaugural Meeting in Washington
CFTC Chairman Michael S. Selig announced the inaugural meeting of the Innovation Advisory Committee (IAC) will take place on August 20th in Washington. The committee, sponsored by Selig, will convene at 1 p.m. EST to discuss key innovations.
BusinessPolitics and GovernmentFederal GovernmentFinancial MarketsEconomy Commodity Futures Trading CommissionCFTCInnovation Advisory CommitteeMichael S. SeligWashingtonFinancial RegulationFutures
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CFTC Innovation Advisory Committee to Hold Inaugural Meeting
The CFTC's Innovation Advisory Committee, sponsored by Chairman Michael S. Selig, will hold its inaugural meeting on August 20 at 1 p.m. EST in Washington, marking a key step for financial market innovation.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyFinancial MarketsComputers and Internet CFTCInnovation Advisory CommitteeMichael S. SeligWashingtonFinancial RegulationGovernmentMeetings
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CFTC Reminds Markets to Ensure Clear Pricing for Event Contracts
The CFTC's Divisions of Market Oversight and Market Participants issued a letter reminding entities involved in event contracts to provide clear pricing and avoid misleading consumers. This reinforces the commitment to transparency and consumer protection in derivatives markets.
BusinessPolitics and GovernmentFederal GovernmentFinancial MarketsLegalEconomy CFTCEvent ContractsPricing InformationMarket OversightConsumer ProtectionDerivativesMarket Participants Division
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CFTC Fines UBS Financial Services $8 Million for AML Supervision Failures
UBS Financial Services Inc. faces an $8 million penalty from the CFTC for supervision failures. The firm's anti-money laundering transaction monitoring systems for foreign currency wire transfers were found to be inadequately configured and operated.
BusinessLaw EnforcementPolitics and GovernmentEconomyBankingFederal GovernmentLegal UBS Financial Services Inc.CFTCAnti-Money LaunderingSupervision FailuresForeign CurrencyFinancial RegulationFutures Commission Merchant
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CFTC Orders George Santos to Pay $35,000 for Manipulative Trading
Former Congressman George Santos has been ordered by the CFTC to pay $35,000 for manipulative trading in an event contract tied to the State-of-the-Union, an event he controlled.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyLegalGeneral Politics George SantosCFTCManipulative TradingEvent ContractState-of-the-UnionFinancial RegulationEnforcement Action
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CFTC Seeks Public Comment on Proposed Affiliation Rule Changes
The CFTC is seeking public comment on proposed amendments to its regulations concerning affiliations among regulated entities. The changes affect Parts 37, 38, 39, 1.52, and 1.55.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyFinancial MarketsLegal CFTCProposed RulemakingPublic CommentAffiliationsRegulationsFinancial RegulationDerivatives
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CFTC Issues Advisory on Event Contract Self-Certification Procedures
The CFTC's Division of Market Oversight has issued an advisory reminding designated contract markets of proper procedures for self-certifying event contract series. Detailed in Staff Letter No. 26-22, this guidance aims to ensure regulatory compliance and oversight.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsLegalEconomy Commodity Futures Trading CommissionCFTCDivision of Market OversightEvent ContractsSelf-CertificationDesignated Contract MarketsFinancial Regulation
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CFTC Issues No-Action Letter to Kraken Derivatives Exchange on Dormancy
The CFTC's Division of Market Oversight has issued a no-action letter to Kraken Derivatives Exchange Inc., addressing procedures related to dormancy. This action provides clarity for the designated contract market.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsLegal CFTCKraken Derivatives ExchangeSmall Exchange Inc.No-Action LetterMarket OversightDormancy ProceduresFinancial Regulation
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CFTC Agricultural Advisory Committee to Convene July 29
Chairman Michael S. Selig released the agenda for the CFTC's Agricultural Advisory Committee meeting on July 29, 2026. The first 2026 meeting will be held at CFTC Headquarters in Washington, D.C.
Politics and GovernmentBusinessFederal GovernmentAgricultureEconomy Michael S. SeligAgricultural Advisory CommitteeCFTCWashington D.C.July 29, 2026Meeting