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The NFA issued separate enforcement actions against two firms. AMP Global Clearing LLC . The NFA charged AMP Global Clearing ("AMP") and its president and principal with failing to supervise Amp's operations diligently to ensure that they complied with regulatory requirements. The NFA found that AMP had deficiencies in multiple operations – including AML procedures, risk management and the way it accrued for expenses – that resulted from "lax internal controls and oversight." Spencer Capital Management LLC . The NFA charged Spencer Capital Management ("Spencer Capital") with failing to provide

The NFA fined four commodity trading advisors ("CTAs"), one futures commission merchant ("FCM") and their respective associated persons separately for failing to maintain "objective and specific" audit trails of bunched customer order allocations. According to the NFA, the firms' audit trails were not specific enough to permit independent verification of the fairness of the allocations, nor were they sufficient to demonstrate that the firms used a defined methodology. Specifically, the complaints alleged that the firms failed to enact required procedures regarding allocations from bunched

The SEC issued a notice soliciting comments about the extension and approval of the collection of information required by Investment Company Act Rule 17f-6. The Rule currently permits registered investment companies to maintain assets (i.e., margin) with futures commission merchants in connection with commodity transactions effected on both domestic and foreign exchanges. Comments are due within 60 days of the publication of this notice. See: 80 FR 18470 .