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.
In an interview with Risk Desk editor John R. Sodergreen, former ICE eConfirm Chief Bruce Tupper and former CFTC attorney Peter Kavounas describe the launch of TransVix, a trucking futures and options exchange.
Risk Desk Editor John Sodergreen examined the evolution of the financial technology industry in light of Acting Chair J. Christopher Giancarlo's stated intention to "embrace Fintech to a level not seen before at the agency."
The New York Department of Financial Services requested comments on proposed revisions to cybersecurity rules that apply to a wide range of insurance, banking and financial services companies under its supervision.
"The Risk Desk" editor John R. Sodergreen described the debate between CFTC Chair Timothy Massad and Commissioner Chris Giancarlo over an amendment to proposed Regulation Automated Trading that would allow the CFTC access to an algorithmic firm's trading source code without first issuing a subpoena.
Starting at 1:00 p.m. today (September 9, 2016), Energy Metro Desk is hosting an afternoon of panel discussions and speeches on key elements of market manipulation and spoofing policy. The event will feature Cadwalader partners Gregory Mocek and Paul Pantano, along with several industry participants, government officials and surveillance experts.
Energy Metro Desk Editor John Sodergreen described the emerging debate over the CFTC's proposed Regulation Automated Trading, particularly where it concerns proposed access to source code without a subpoena.
Energy Metro Desk criticized the CFTC's proposed amendment to the 2013 RTO-ISO rule which would subject regional transmission organizations and independent system operators to private lawsuits under the CEA.
Energy Metro Desk editor-in-chief John Sodergreen and Cadwalader partner Gregory Mocek debate how extended CFTC enforcement authority over insider trading will affect communications between industry participants and their customers.
In an interview with Energy Metro Desk Editor in Chief John Sodergreen, CFTC Commissioner J. Christopher Giancarlo cautioned global regulators against impeding innovation of blockchain technology with "protracted regulatory uncertainty or an uncoordinated regulatory approach."
In the latest installment of the Energy Metro Desk series "Drums along the Potomac," Editor-in-Chief John Sodergreen took exception to the recent CFTC authorization for the NFA to receive direct access to trade data maintained in the registered swap data repositories.