At the FIA and SIFMA AMG Asset Management Derivatives Forum 2021, CFTC Commissioner Dan M. Berkovitz raised concerns regarding the legality of decentralized finance. He also described how the CFTC can support the transition to a carbon-neutral economy and highlighted recent agency regulatory developments.
SIFMA expressed concern regarding a FINRA proposal to amend the application of margin requirements to "when issued" and other extended settlement transactions.
Senator John Kennedy (R-LA) introduced the "Protecting Investors' Personally Identifiable Information Act." The legislation would exclude personally identifiable information from Consolidated Audit Trail reporting requirements.
The hullabaloo surrounding the run-up in the price of GameStop and the activities of Robinhood Markets, Inc. have generated front page news, calls for action, and allegations of wrongdoing.
An Ecuadorian businessman settled DOJ charges of bribing then-public officials of Ecuadorian state-owned oil company Empresa Pública de Hidrocarburos del Ecuador.
In the U.S. District Court for the Southern District of New York, a pair of affiliated interdealer brokers settled CFTC fraud charges related to fictitious bids that had not been made and reported trades that had not occurred.
The CFTC filed charges against five entities and three individuals for owning and operating an unregistered platform for the trading of derivatives on cryptocurrencies.
OFAC designated a Chinese company and two individuals to the Specially Designated Nationals and Blocked Persons List. The designations were linked to human rights abuse in the Xinjiang Uyghur Autonomous Region.
