In remarks at AgCon 2024, CFTC Chair Rostin Behnam emphasized the need for prudential regulators to move forward with the Basel III Endgame and G-Sib Surcharge, but to "be mindful about how it is implemented. ... and preserve incentives for clearing and ensure that market participants are not cost prohibited from pursuing effective risk management."
News & Insights
The U.S. District Court for the District of Nevada entered a Consent Order, resolving CFTC charges that a metals trader engaged in spoofing in the gold and silver futures markets.
Four investment advisers settled SEC charges for advertising hypothetical performance on their websites without adopting policies to ensure that the published information was relevant to the likely financial situation and investment objectives of the intended audience.
The OCC extended the comment period from April 15, 2024 to June 15, 2024 for a proposed rule governing mergers involving national banks, federal savings associations and federal branches and agencies of foreign banks.
CFTC Director of the Division of Enforcement Ian McGinley encouraged self-reporting when a market participant subject to CFTC jurisdiction discovers misconduct and defended the agency's process for awarding self-reporting credit.