The CFTC Division of Enforcement "set forth" guidance for staff to consider when recommending civil monetary penalties in an enforcement action. The guidance will be included in the CFTC Enforcement Manual.
The CFTC proposal to codify the agency's process for terminating exemptive relief granted to non-U.S. firms to offer non-U.S. futures and options directly to U.S. customers was published in the Federal Register.
CFTC Division of Enforcement Director James McDonald pledged to enforce Commodity Exchange Act provisions that encompass foreign corrupt practices and issued an "Enforcement Advisory" on cooperation and self-reporting in such cases.
CFTC Enforcement Director James M. McDonald described the guiding priorities for the Division's enforcement program. He said the program is intended to have broad "social impact" and promote a "culture of compliance."
JP Morgan Securities LLC, a registered futures commission merchant and swap dealer, agreed to pay a civil monetary penalty to settle CFTC charges that it failed to maintain adequate systems for reconciling exchange and clearing fees for trading of Chicago Mercantile Exchange products.
NFA announced permanent membership bars against Chazon QTA Quantitative Trading Artists LLC ("Chazon"), a commodity pool operator ("CPO"), and its associated person and firm principal for refusing to produce bank records requested by NFA. The decision states that Chazon violated NFA Compliance Rule...
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