News & Insights

Help
71 News Results

Five broker-dealers, three dually registered broker-dealers and investment advisers, and two affiliated investment advisers settled charges with the SEC and CFTC for recordkeeping violations after failing to preserve electronic business-communications made using their personal devices.

The CFTC is amending its regulations governing the operations and activities of commodity pool operators (CPOs) and commodity trading advisors (CTAs) in order to have those regulations reflect changes made to the Commodity Exchange Act by the Dodd-Frank Act. Effective Date : November 5, 2012. Compliance Date : CPOs and CTAs must comply with these amendments to Part 4 by no later than the most recent effective date of the regulations issued by the Commission to further define the term "swap" in section 1a(49) of the CEA, pursuant to the Dodd-Frank Act. Cross-Reference(s) : 76 FR 11701

The CFTC announced that it has approved a final rule to expand the CFTC's recordkeeping requirements. The announced rule change will amend CFTC Rules 1.35(a) (Records of Cash Commodity, Futures, and Option Transactions) and 1.31 (Books and Records; Keeping and Inspection) to conform them to recordkeeping requirements for SDs and MSPs under Dodd-Frank. The final rule amends Rule 1.35(a) to require that FCMs, IBs with aggregate gross revenue exceeding $5 million over the preceding three years, retail fx dealers ("RFEDs"), and certain members of designated contract markets ("DCMs") and swap

The CFTC announced three actions to address problems in prior rulemakings: (i) a proposed rule amendment to the swap dealer de minimis provisions that would allow parties to enter into a meaningful volume of swaps with utility special entities before being required to register with the CFTC, (ii) an extension of the comment period on the CFTC's proposed position limits as applied to commercial market participants, and (iii) the promotion of end-user trading on swap execution facilities ("SEFs") and designated contract markets ("DCMs"). Both Acting Chairman Wetjen and Commissioner O'Malia