Tag: CFTC

In the past few months, both the SEC and CFTC have targeted numerous Wall Street firms for extensive recordkeeping oversights. This resulted in eye-watering penalties surpassing $1.5bn. Both major and minor firms should anticipate that this assertive enforcement will remain unrelenting.

Coinbase Financial Markets, Inc. has achieved a significant milestone by receiving regulatory clearance from the National Futures Association (NFA), a CFTC-designated self-regulatory body. This approval allows them to function as a Futures Commission Merchant (FCM) and extend their crypto futures offering to eligible US customers via their platforms.

In a recent post, RegTech firm Eventus outlined key reasons why practitioners must be the key drivers behind trade compliance. 

In a significant move underscoring its commitment to fight market manipulation, the Commodity Futures Trading Commission (CFTC) imposed a fine of $45m on a top-tier bank in May 2023. Eventus, a multi-asset class trade surveillance, algo monitoring and risk controls solutions provider, has explored what firms can do to avoid a similar incident. 

As crypto firms face a challenges, regulators have launched investigations into companies' GRC arrangements.

eFlow Global recently outlined some of the biggest challenges around navigating market abuse enforcement and future implications.

Five US investment bank giants are reportedly faced with $1bn in fines for failing to monitor employees using unauthorised messaging apps.

The Commodity Futures Trading Commission (CFTC) has issued a $500,000 fine to UBS for alleged violations of audio recording regulations.

The Commodity Futures Trading Commission (CFTC) has imposed a $1m fine on Citibank and Citigroup Global Markets for failing to comply with certain swap dealer requirements.

The U.S. Commodity Futures Trading Commission (CFTC) has fined Goldman Sachs $1m for failing to make and keep certain audio recordings as needed for compliance under swap dealer regulations.