A futures commission merchant and four introducing brokers settled CFTC charges for failure to meet minimum net capital requirements.
News & Insights
The CFTC Division of Swap Dealer and Intermediary Oversight granted no-action relief to a futures commission merchant seeking to to add back to its net worth the amount of deferred tax liabilities "directly related" to intangible assets recognized for GAAP purposes as a result of a non-taxable business combination.
A dually-registered futures commission merchant and retail foreign exchange dealer settled CFTC charges for net capital rule violations.
The CFTC voted to approve the adoption of a final rule establishing capital requirements for swap dealers and major swap participants.
NFA reminded members that retail foreign exchange dealers / forex dealer members and introducing brokers must account in their net capital computations for guaranteed obligations and liabilities of subsidiaries or affiliates.