The National Futures Association proposed an Interpretive Notice that requires commodity pool operators to adopt internal control systems to deter fraud, protect customer funds and pool assets, and assure the accuracy of records.
A Madison Square Garden Company executive settled Federal Trade Commission allegations of failing to report acquired voting securities of the company in 2017.
The National Futures Association proposed amendments to its Compliance Rules and Interpretive Notices to cover transactions and counterparties involving swaps.
A Chinese oilfield services company agreed to settle U.S. Treasury Office of Foreign Assets Control charges for violating Iranian Transactions and Sanctions Regulations.
In a letter to the European Securities and Markets Authorities, several buy-side associations, including the Managed Funds Association and the Alternative Investment Management Association, expressed concern about the increased fees that exchanges and trading venues are charging for market data.
The CFTC Division of Swap Dealer and Intermediary Oversight granted exemptive relief to the commodity pool operator from the requirement to deliver quarterly account statements within 30 days after the end of each quarter.
At a Federal Trade Commission hearing, industry professionals and experts debated the possible anticompetitive implications of institutional investors holding non-controlling amounts of voting securities in competing firms.
In testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, SEC Chair Jay Clayton reviewed progress on the agency's regulatory and policy initiatives.
