The Court of Appeals for the Ninth Circuit reinstated a CFTC complaint against a precious metals credit company for defrauding retail customers through illegal, off-exchange leveraged commodity transactions.
The New York State Court of Appeals upheld a decision that contractual attempts to extend the statute of limitations for causes of action dealing with breaches of contracts are unenforceable on the grounds that they violate New York law and public policy.
In remarks at a recent tech conference, CFTC Commissioner Brian Quintenz considered the regulatory challenges posed by the so-called "smart contract," or blockchain computer code that can execute the terms of a contract.
The CFTC's final rule on trade options was published in the Federal Register. The rule amends the limited trade options exemption in the CFTC Regulations in order to substantially reduce and/or eliminate certain reporting and recordkeeping requirements for end users entering into trade options.
The CFTC's proposed amendments to the trade option exemption for end users were published in the Federal Register. The trade option exemption pertains to reporting requirements for trade option counterparties that are not swap dealers or major swap participants, as well as to recordkeeping...
CFTC Commissioner J. Christopher Giancarlo delivered a speech before the Commodity Markets Council titled, "End-Users Were Not the Source of the Financial Crisis: Stop Treating Them Like They Were." Commissioner Giancarlo said he is a proponent of what he considers to be the three "key pillars" of...
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