News & Insights

38 News Results
May 07, 2014

The CFTC filed an amended Complaint in its action against Banc De Binary charging three additional corporate affiliates of Banc de Binary, E.T. Binary Options Ltd., BO Systems Ltd., and BDB Services Ltd., with violating the CFTC's ban on off-exchange options trading by offering commodity option contracts to U.S. customers for trading, as well as soliciting, accepting or confirming the execution of orders from U.S. customers. Previously, the CFTC filed a civil complaint in June 2013 against Banc De Binary charging it with violating the CFTC's ban on off-exchange options trading by offering

October 23, 2015
Commentary by Steven Lofchie

The CFTC approved the NFA's Interpretive Notice to NFA Compliance Rules 2-9, 2-36 and 2-49 titled Information Systems Security Programs, requiring member firms to adopt and enforce written policies and procedures to secure customer data and access to their electronic systems. The NFA Interpretive Notice outlined those key areas that electronic Information Systems Security Programs ("ISSPs") must contain: a security and risk analysis; a description of the safeguards against identified system threats and vulnerabilities; the process used to evaluate the nature of a detected security event

March 27, 2014

The CFTC announced the filing and settling of charges against Morgan Stanley Smith Barney LLC ("MSSB"), a registered futures commission merchant ("FCM"), for violating CFTC rules governing secured funds of foreign futures and option customers, commingling customer and firm funds, failing to prepare accurate daily computations of its segregated and secured funds, failing to properly title account statements for four customer segregated accounts, and failing to diligently supervise its employees' handling of matters related to its business as a CFTC registrant. According to the Order, none of