The CFTC Division of Swap Dealer and Intermediary Oversight exempted a futures commission merchant from certain audited financial reports requirements.
An introducing broker and two principals settled charges for failing to detect post-execution trade allocation activity that favored the accounts of the commodity trading advisor and hurt its customers.
A registered futures commission merchant agreed to settle CFTC and National Futures Association charges relating to an unlawful post-execution allocation scheme.
The CFTC Division of Market Oversight extended previously issued relief to swap execution facilities from the requirement to capture post-execution information in their audit trail data.
The Board of the International Organization of Securities Commissions (IOSCO) issued a statement on research conducted by the IOSCO Task Force on OTC Derivatives Regulation concerning credit default swap auction processes and the functioning of the ISDA Credit Determinations Committees.
The National Futures Association levied a $1 million fine against a London-based commodity pool operator and commodity trading adviser for allowing prohibited loans, failing to disclose material information to pool participants, and other misconduct concerning its chief executive officer.
