A futures commission merchant settled CFTC charges for failing to (i) implement an adequate AML program, (ii) impose risk-based trading position limits on a customer's accounts and (iii) maintain customer records for a substantial period of time.
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CFTC staff extended previously issued COVID-19 related no-action relief to futures commission merchants, floor brokers and introducing brokers from certain oral recordkeeping, audit trail and time-stamping requirements.
The FIA Law & Compliance Audit Trail Working Group urged the CFTC to amend certain audit trail requirements.
The NFA adopted amendments to its Compliance Rules and Interpretive Notices to cover transactions and counterparties involving swaps.
A financial investment firm agreed to pay $425,000 to settle charges for impeding a Chicago Mercantile Exchange investigation.