NFA adopted supervisory requirements and technical amendments concerning swap activities.
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The CFTC Division of Market Oversight ("DMO") granted time-limited relief to a master fund investment manager, a related holding company, and the four shareholders of the company from compliance with certain position aggregation requirements under CFTC Rule 150.4 . The Division granted the relief even though transaction information firewalls were not maintained (as normally required for such an exemption), because the transaction information is being used only for currency hedging performance evaluation and risk management monitoring. DMO also cited the fact that the relief is limited to
IOSCO issued a Consultation Report containing policy approaches to enhance protections for retail investors purchasing OTC leveraged products.
Two Florida residents were ordered to pay restitution and penalties, and a New York resident was charged with violations, in relation to separate cases involving commodity pool fraud.
Morgan Stanley Smith Barney LLC and Citigroup Global Markets, Inc. agreed to pay over $2.96 million each to settle SEC charges of misleading investors about a foreign exchange trading program.