A bank registered as a swap dealer and an introducing broker settled CFTC charges for recordkeeping and supervision failures.
News & Insights
The CFTC proposed amendments to allow foreign trade boards ("FBOTs") to offer direct trading access to U.S.-based introducing broker participants and to establish a process for FBOTs to request revocation of their registration.
A firm settled with FINRA for failing to (i) supervise the use of personal email for business-related communications, (ii) retain certain business-related email communications and (iii) adopt written policies and procedures to safeguard customer records and information.
FinCEN proposed to include "investment adviser" in the definition of "financial institution" under the Bank Secrecy Act. The proposed rule would require advisers to implement AML/CFT programs and maintain recordkeeping requirements.
The CFTC approved the application of IMX Health as a designated contract market. In its application, IMX Health stated that it will be the first financial futures exchange for the health care industry.