NFA questioned the "proposed methodology" of a CFTC proposal that would apply to direct clearing of transactions by customers not intermediated through an FCM.
News & Insights
CFTC Commissioner Summer K. Mersinger asserted that the Basel III Endgame Proposal, if adopted, would have a significant negative impact on derivatives markets.
In an administrative ruling, FinCEN clarified that broker-dealers were required to collect information when opening new accounts for customers who receive assets as the beneficiary of an estate.
The U.S. District Court for the Northern District of Alabama held the Corporate Transparency Act unconstitutional.
An international commodities trading company pled guilty and paid monetary penalties to resolve DOJ charges for violating the Foreign Corrupt Practices Act. The company had been charged with bribing then-public officials of an Ecuadorian state-owned oil company to secure business advantages and contracts.