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.
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CFTC Chair Timothy Massad announced that the CFTC will hold an open meeting on November 24, 2015 at 9 a.m. to consider a Notice of Proposed Rulemaking for the regulation of automated trading.
Open Meeting CFTC Press Release 6148-11 The CFTC held a public meeting on, December 5, 2011 on the following topics: (1) Final Rule on Investment of Customer Funds and Funds Held in an Account for Foreign Futures and Options Transactions; (2) Further Notice of Proposed Rulemaking on Process for Making a Swap Available to Trade under Section 2(h)(8) of the Commodity Exchange Act (3) Final Rule on Registration of Foreign Boards of Trade The CFTC unanimously approved items (1) and (3), and item (2) by a vote of 4-1. Highlights of the CFTC's actions include: Rule 1.25 Changes The changes in Rule 1
Citing a letter from Senator Harkin, stating the that position limit requirement is "mandatory rather than 'permissive,' and has a specified deadline," CFTC Commissioner Bart Chilton declares that the "right" path for the Commission is to head "True North," and put in place the limits within the statutory deadline as Congress intended. Date December 16, 2010 Cross Reference (links require a Cabinet subscription) Dodd-Frank Act, Title VII, Sec. 737