Tag: cftc
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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
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CFTC Ends Routine Large Trader Reporting for Physical Commodity Swaps
The CFTC has ended routine large trader reporting for physical commodity swaps under Part 20. Clearing organizations, members, and swap dealers are no longer required to file daily and event-based position reports, streamlining regulatory obligations.
BusinessPolitics and GovernmentEconomyFederal GovernmentFinancial MarketsLegal CFTCLarge Trader ReportingPhysical Commodity SwapsPart 20Reporting RequirementsFinancial RegulationCommodities
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CFTC Agricultural Advisory Committee Schedules First 2026 Meeting
CFTC Chairman Michael S. Selig announced the Agricultural Advisory Committee will convene its first 2026 meeting on July 29 at 1:00 PM EST at CFTC Headquarters in Washington, D.C.
Politics and GovernmentBusinessFederal GovernmentGeneral PoliticsAgricultureEconomy Commodity Futures Trading CommissionCFTCAgricultural Advisory CommitteeMichael S. SeligWashington D.C.GovernmentFinance
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CFTC Stays KalshiEX Rule Change, Orders Trade Fulfillment
The CFTC has stayed an emergency rule change by KalshiEX, LLC and ordered the company to fulfill pending trades. This action follows a Michigan court order directing KalshiEX to cancel certain trades involving state residents, ensuring open trades are honored.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentLegalFinancial MarketsState Governments CFTCKalshiEX, LLCTrade FulfillmentMichiganEmergency AuthorityRegulationFinance
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CFTC Amends Margin Requirements for Uncleared Swaps
The CFTC has approved a final rule amending margin requirements for uncleared swaps, targeting specific swap dealers and major swap participants. These changes aim to boost market efficiency, global harmonization, and financial innovation while upholding strong risk management.
BusinessPolitics and GovernmentFederal GovernmentEconomyFinancial MarketsLegal CFTCMargin RequirementsUncleared SwapsSwap DealersFinancial RegulationMarket EfficiencyRisk Management
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CFTC Halts 24/7 Crude Oil Futures Trading by CME
The CFTC has stayed a self-certified contract, preventing the Chicago Mercantile Exchange from launching 24/7 crude oil futures trading. This action halts the continuous trading initiative, which was set to begin imminently.
Politics and GovernmentBusinessUSA CFTCChicago Mercantile ExchangeCrude Oil Futures24/7 TradingContract StayFinance
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CFTC Charges North Carolina Company and Operator with Fraud
The CFTC has filed a complaint in North Carolina against Trevor L. Vernon and Argent Capital Management LLC, alleging fraud as a commodity pool operator.
BusinessLaw EnforcementPolitics and GovernmentUSA CFTCFraudCommodity Pool OperatorTrevor L. VernonArgent Capital Management LLCNorth CarolinaLegal Action
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CFTC Orders Two Foreign Firms to Pay $2.5 Million for Illegal Transactions
The CFTC has ordered Netrios LP Ltd. and Red Acre Ltd. to pay $2.5 million. The firms facilitated illegal off-exchange leveraged or margined retail commodity transactions with ineligible U.S. customers, leading to settlement charges.
BusinessLaw EnforcementPolitics and GovernmentEconomyFinancial MarketsLegalFederal Government CFTCNetrios LP Ltd.Red Acre Ltd.Illegal TransactionsCommodity TradingFinancial RegulationEnforcement
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Ann Arbor Commodities Trader Pleads Guilty to Multi-Million-Dollar Fraud
Ann Arbor commodities trader Brian Mitchell pleaded guilty to wire fraud, admitting to a multi-million-dollar scheme that defrauded investors of over $2.7 million. He violated a CFTC ban, falsely guaranteeing returns and misrepresenting fund security.
BusinessLaw EnforcementLegalFinancial MarketsEconomy Brian MitchellAnn ArborCommodities TradingFraudWire FraudFBICFTCFinancial CrimeLegal IssuesInvesting
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CFTC, SEC Seek Public Comment on Portfolio Margining Harmonization
The CFTC and SEC are seeking public comment to harmonize portfolio margining frameworks. This joint request aims to streamline regulations across securities, swaps, and futures, enhancing consistency in financial markets.
BusinessPolitics and GovernmentFederal GovernmentEconomyFinancial MarketsLegal CFTCSECPortfolio MarginingRegulatory FrameworksFinancial RegulationPublic CommentDerivatives
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CFTC Seeks Public Comment on Event Contract Data Reporting Rules
The CFTC is seeking public comment on proposed amendments to its regulations concerning data reporting requirements for certain event contracts. This rulemaking aims to update Parts 15, 16, and 17, inviting stakeholders to provide feedback on the new rules.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsLegal CFTCEvent ContractsData ReportingRulemakingPublic CommentRegulationsFinancial Services
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CFTC Sues Kentucky Over Jurisdiction in Contract Market Dispute
The CFTC has sued Kentucky to block state efforts to shut down federally registered contract markets. The lawsuit asserts the CFTC's exclusive jurisdiction, aiming to prevent state laws from interfering with federal regulation of these financial entities.
Politics and GovernmentBusinessUSAFederal GovernmentState GovernmentsLegalFinancial MarketsEconomy CFTCKentuckyLawsuitJurisdictionContract MarketsFinancial RegulationGovernment
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CFTC Seeks Public Input on 24/7 Futures Trading and Perpetual Energy Contracts
The CFTC is seeking public comment on extending standard futures contracts to 24/7 trading and introducing perpetual contracts for physically delivered energy commodities like crude oil, aiming to gather input on evolving market structures.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsEnergyGeneral Politics CFTCPublic CommentEnergy DerivativesFutures Contracts24/7 TradingPerpetual ContractsCrude Oil
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CFTC, SEC Seek Public Comment on Derivatives Definitions
The CFTC and SEC are seeking public comment to clarify and harmonize derivatives product definitions, including “Swap” and “Security-Based Swap.” This joint request aims to update interpretive issues and explore alternative compliance in the derivatives market.
BusinessPolitics and GovernmentEconomyFinancial MarketsFederal GovernmentLegal CFTCSECDerivativesFinancial RegulationPublic CommentSwapsSecurity-Based Swaps
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CFTC and SEC Seek Public Input on Swap Data Reporting Frameworks
The CFTC and SEC are requesting public comment to harmonize, modernize, and streamline data reporting requirements for swap and security-based swap markets, aiming to improve efficiency and consistency.
BusinessPolitics and GovernmentFederal GovernmentFinancial MarketsBankingLegal CFTCSECSwap MarketsSecurity-Based Swap MarketsData ReportingPublic CommentFinancial Regulation
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SEC and CFTC Seek Public Comment on Derivatives Definitions
The SEC and CFTC are jointly requesting public comment to update, clarify, and harmonize derivatives product definitions. This initiative aims to streamline regulatory frameworks and enhance consistency in the derivatives market.
BusinessPolitics and GovernmentEconomyFinancial MarketsFederal Government SECCFTCDerivativesPublic CommentFinancial RegulationProduct DefinitionsHarmonization
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SEC and CFTC Seek Public Input on Swap Data Reporting
The SEC and CFTC are requesting public comment to harmonize, modernize, and streamline data reporting requirements for security-based swap and swap markets, aiming to improve regulatory efficiency.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsLegalEconomy SECCFTCData ReportingSecurity-Based SwapSwap MarketsPublic CommentFinancial Regulation
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CFTC Resolves Enforcement Action Against Celsius Founder Alexander Mashinsky
The CFTC has resolved its enforcement action against Celsius Network founder Alexander Mashinsky. A consent order imposes permanent bans on trading and registration, and enjoins him from future anti-fraud violations.
BusinessPolitics and GovernmentLaw EnforcementFederal GovernmentLegalFinancial Markets Alexander MashinskyCelsius Network LLCCFTCEnforcementConsent OrderTrading BanFraud
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CFTC Staff Issues No-Action Letter for Swap Risk Reduction Services
CFTC divisions have granted no-action positions to Capitolis Partners, Quantile Technologies, and TriOptima for their post-trade risk reduction services for swaps, including portfolio rebalancing and basis risk mitigation, as outlined in CFTC Staff Letter No. 26-20.
BusinessPolitics and GovernmentEconomyFinancial MarketsFederal GovernmentLegal CFTCNo-Action LetterSwapsRisk ReductionCapitolis Partners LLCQuantile TechnologiesTriOptima AB
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CFTC Seeks Input to Boost Fintech Innovation and Competition
The CFTC has launched a Request for Information to pinpoint regulations hindering fintech innovation and competition. The initiative aims to streamline processes and foster partnerships between fintech firms and regulated institutions.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyComputers and InternetLegal CFTCFintechRegulationInnovationCompetitionFinancial ServicesRequest for Information
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CFTC Issues No-Action Relief for Digital Commodity Perpetual Futures
The CFTC's Division of Market Oversight has granted no-action relief, enabling designated contract markets to convert existing perpetual-style digital commodity futures into true digital commodity perpetual futures, fostering evolution in digital asset derivatives.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsEconomyLegal CFTCDivision of Market OversightNo-Action LetterDigital Commodity FuturesPerpetual FuturesDesignated Contract MarketsFinancial Regulation
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CFTC Sues New Mexico Over State Gaming Laws Infringing Federal Jurisdiction
The CFTC has sued New Mexico to prevent the state from applying its gaming laws to federally registered contract markets. This legal action asserts federal jurisdiction over these financial instruments, challenging state infringement.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentState GovernmentsLegalEconomy CFTCNew MexicoLawsuitFederal JurisdictionContract MarketsGaming LawsLegal Action
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CFTC Seeks Public Comment on Whistleblower Rule Amendments
The CFTC has issued a Notice of Proposed Rulemaking to amend its whistleblower rules. The public is invited to comment on the proposed changes, which specifically address the determination of whistleblower awards.
Politics and GovernmentBusinessFederal GovernmentLegalEconomyFinancial Markets CFTCWhistleblower RulesProposed RulemakingPublic CommentWhistleblower AwardFinancial RegulationGovernment
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CFTC Seeks Public Comment on Event Contract Rule Amendments
The CFTC is seeking public comment on a Notice of Proposed Rulemaking. The proposed amendments to Regulation 40.11 and new Appendix F address event contracts and prediction markets, aiming to refine public interest determinations.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsLegal CFTCEvent ContractsPrediction MarketsProposed RulemakingPublic CommentRegulation 40.11Financial Regulation
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CFTC Establishes Joint Data Standards Under Financial Data Transparency Act
The CFTC has established joint data standards as mandated by the Financial Data Transparency Act of 2022. This final rule sets technical standards for data submitted to financial regulatory agencies, with eight other federal agencies expected to follow suit.
Politics and GovernmentBusinessFederal GovernmentEconomyBankingFinancial Markets CFTCFinancial Data Transparency ActData StandardsFinancial RegulationTechnical StandardsRegulatory Agencies
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CFTC Reverses Policy on Settlement Denials in Enforcement Cases
The CFTC has rescinded a policy preventing settlements where defendants deny allegations. This allows the agency to accept "neither admit nor deny" settlements in administrative and civil proceedings, changing its enforcement approach.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentLegalFinancial MarketsGeneral Politics CFTCSettlementsEnforcement ActionsPolicy RescissionAdministrative LawCivil LawFinancial Regulation
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CFTC Staff Issues No-Action Position to Cboe Digital Exchange
The CFTC's Division of Market Oversight has issued a time-limited no-action letter to Cboe Digital Exchange, LLC. This position addresses specific procedures related to dormancy for the designated contract market.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsLegal CFTCCboe Digital ExchangeNo-Action LetterMarket OversightDormancy ProceduresDesignated Contract MarketFinancial Regulation