Tag: cftc
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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
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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