The CFTC voted to propose rule amendments to codify no-action relief regarding the treatment of separate accounts by futures commission merchants.
March 15, 2023
The CFTC voted to propose rule amendments to codify no-action relief regarding the treatment of separate accounts by futures commission merchants.
NFA submitted for adoption a CFTC compliance rule to implement anti-fraud, trading, and supervisory requirements for firms engaging in digital asset commodity activities.
An introducing broker two of its peresonnel settled NFA charges for acting without a "bona fide reason" for placing favored customer as a counterparty in trades with other customers; NFA alleged the actions generated profits for the favored customer and additional brokerage fees at the expense of other customers.
A CFTC-registered futures commission merchant ("FCM") settled NFA charges for recordkeeping, reporting, disclosure and supervision failures.
In remarks at an industry conference, CFTC Chair Rostin Behnam highlighted CFTC challenges in 2022 and upcoming initiatives.