A futures commission merchant settled CFTC charges for failing to (i) implement an adequate AML program, (ii) impose risk-based trading position limits on a customer's accounts and (iii) maintain customer records for a substantial period of time.
The CFTC Division of Clearing and Risk extended temporary no-action relief to derivatives clearing organizations from certain reporting requirements.
Commentary by Steven Lofchie
CFTC Chair Rostin Behnam considered trends in the U.S. Treasury market amidst levels of extreme volatility coupled with record trading volume on global platforms.
The CFTC Division of Market Oversight granted no-action relief to Korea Exchange, Inc. to permit the sale of futures contracts linked to the Korea Composite Stock Price Index during the period in which the index transitions from being "narrow-based" to "broad-based."
The CFTC Division of Clearing and Risk and the Division of Swap Dealer and Intermediary Oversight extended no-action relief on the treatment of separate accounts by futures commission merchants.