The CFTC Division of Market Oversight and Market Participants Division extended no-action relief to swap dealers and granted an exemption to certain trading facilities from registering with the CFTC as swap execution facilities in connection with Brexit.
President Joseph R. Biden extended by one year Executive Orders prohibiting U.S. persons and financial institutions from transacting in the securities of Chinese companies identified as supporting the military, intelligence and security services of the People’s Republic of China .
The Congressional Research Service summarized current legal standards for insider trading, and described legislative reform efforts to "codify the elements of the offense and fill perceived gaps in existing doctrine."
The SEC adopted changes to the exemptions for certain clearing agencies and broker-dealer/futures commission merchants concerning the portfolio margining of swaps and security-based swaps that are cleared credit default swaps.
The CFTC fined a crypto company for falsely claiming that its coins were backed by U.S. dollars and a second crypto company for executing illegal, off-exchange retail transactions in digital assets commodities.
In Holliday v. Credit Suisse Securities USA LLC, United States District Court for the Southern District of New York Judge George B. Daniels affirmed the dismissal of state law transfer avoidance claims related to a leveraged securities buyout transaction.