The CFTC staff extended previously issued COVID-19-related relief through January 15, 2021 for registrants and members of swap execution facilities and designated contract markets.
The CFTC Global Markets Advisory Committee considered subcommittee recommendations for improving the scoping and implementation of initial margin requirements for uncleared swaps.
The CFTC filed a Complaint with the U.S. District Court for the Southern District of Florida against several unregistered individuals and companies for conducting two fraudulent schemes involving binary options and digital assets.
In a briefing before the Energy and Environmental Market Advisory Committee, the CFTC's Market Intelligence Branch concluded that "the derivatives markets appear resilient in the face of lower liquidity and historic volatility and volume."
FINRA proposed modifying its suitability requirements and rules governing non-cash compensation to conform to the stricter standards of Regulation Best Interest.
The U.S. District Court for the Central District of California granted the SEC a default judgment against an unregistered broker-dealer and its CEO for selling unregistered initial coin offering securities.
The CFTC and the DOJ charged the principal of a cryptocurrency escrow company for making false statements to two customers who had given the principal $7 million that their bitcoin would be "safeguarded" by his company.
A coalition of mortgage lenders and SIFMA made recommendations to the CFPB on proposed revisions to the definition of "Qualified Mortgage" under the Truth in Lending Act.
The SEC proposed rule amendments that would revise the description of business, legal proceedings and risk factor disclosures registrants are required to make under Securities Act regulations.
Staff at the Federal Reserve Board Divisions of Research and Statistics and of Monetary Affairs analyzed "the desirability of central versus bilateral clearing."
The House Committee on Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit raised concerns over potential European "encroachment" on U.S. clearinghouse oversight.
The American Banking Association, SIFMA and the Institute of International Bankers proposed revisions to a Federal Reserve Board proposal to modify its regulations for determining "whether a company has the ability to exercise a controlling influence" on another company.
The CFTC Office of the Inspector General highlighted significant deficiencies in the agency's Data Governance Program and advised the CFTC to either update the existing Integrated Surveillance System platform or transfer to a better platform.
The U.S. District Court for the Southern District of New York denied the Office of the Comptroller of the Currency’s motion to dismiss a lawsuit that challenged the OCC’s authority to issue "FinTech" charters under the National Bank Act.
A Judge in the Southern District of New York issued an Order to Show Cause against Shawn Carter (a/k/a "Jay-Z") for failing to comply with an SEC subpoena regarding an investigation into his partially owned brand management company.
The U.S. Department of Labor submitted a proposal to the Office of Management and Budget to delay the applicability of several important provisions of the Fiduciary Rule.
The European Securities and Markets Authority issued updated "Questions and Answers" on the implementation of the Market in Financial Instruments Directive and Regulation.
SIFMA, ISDA and the FIA raised issues with a CFTC proposal to establish capital and liquidity requirements for swap dealers and major swap participants.
U.S. District Court for the Northern District of Texas Dallas Division Chief Judge Barbara M.G. Lynn denied a motion for summary judgment by the Chamber of Commerce, et. al. to challenge and vacate the heightened fiduciary standards mandated by the DOL fiduciary rule.
In an amicus curiae brief, the SEC asserted that national securities exchanges have absolute immunity from a private securities fraud class action suit only when they "act as regulators of their members" and not as service providers.
