Latest news by Michael Volpe
US Dominates Global Fixed Income Market
The US fixed income market dwarfs that of rest of the world. SIFMA, the Securities Industry and Financial Markets Association, put out a report on fixed income in US and found the US has almost…
FINRA Adjusts to Coronavirus
In the latest episode of Unscripted, FINRA’s podcast, the topic was the one on everyone’s minds, coronavirus. The two guests were FINRA’s Chief Legal Officer Bob Colby and Head of Member Supervision Bari Havlik. Colby…
The Futures Industry Association (FIA) is fighting bans on short selling.
Walt Lukken, the Chief Executive Officer of FIA, issued a statement calling for the continuation of short selling. “Contrary to intentions, prohibitions on short-selling have been shown to significantly degrade market liquidity and price formation…
CFTC Provides More Guidance on Coronavirus
The Commodities Futures Trading Commission (CFTC) is taking aggressive action in light of coronavirus. Heath Tarbert, the Chair of the CFTC, put out a six minute video detailing what the CFTC is doing. “Major economies,…
FINRA’s Membership Application Program Explained
More than one hundred new potential firms apply each year with FINRA, the Financial Industry Regulatory Authority. Lisa Robinson is the senior director of FINRA’s Membership Application Program (MAP) and she was the most recent guest…
The Commodities Futures Trading Commission (CFTC) is warning people about scams related to coronavirus.
“Fraudsters commonly use major news events, such as the spread of COVID-19, to add credibility to their cons or manipulate emotions. You can better protect yourself by learning to recognize common mental biases that everyone…
CFTC Provides Regulatory Relief
The Commodities Futures Trading Commission (CFTC) is providing regulatory relief in response to coronavirus. The CFTC made the announcement in a press release. The Commodity Futures Trading Commission today announced the Division of Swap Dealer…
Coronavirus Wrecking Havoc on Trading World
Coronavirus wrecking havoc on trading world. Volatility, cancelled events, and tele-work were just three of the results for the trading world of coronavirus. Bearish Volatility The Dow Jones Industrial Average (DJIA) closed on Friday March…
CFTC Approves New Exchange
A new derivatives exchange has been approved in the US. The announcement was made by the Commodities Futures Trading Commission (CFTC), announcing the approval of Small Exchange, Inc. “The Commodity Futures Trading Commission today announced that…
Wells Fargo in House Financial Services Crosshairs
Wells Fargo is in the cross hairs of a powerful California Democrat. Maxine Waters is a Democrat from the State of California and she is the Chair of the House Financial Services Committee. The schedule…