Feature Articles Archives - Page 6 of 31 - The Industry Spread

NFA Sanctions a Wells Fargo Division

August 12, 2019

“On August 9, 2019, the Committee issued a complaint against Wells Fargo, a provisionally registered swap dealer and NFA member with its main office located in San Francisco, California. The complaint alleges Wells Fargo violated NFA Compliance Rule 2-49 (a) by failing to communicate with a counterparty in a fair and balanced manner as required under Commodities Futures Trading Commission Regulation 23.433,” the decision stated. 

FINRA Spells Out Extraordinary Cooperation

August 11, 2019

FINRA Spells Out Extraordinary Cooperation. FINRA, the Financial Industry Regulatory Authority, would like its member firms to know there’s extra credit possible for cooperating in investigations. Susan Schroeder, the executive vice president and head of FINRA Enforcement, was the latest guest on FINRA’s podcast, FINRA Unscripted.

Leverage Ratio Examined for Derivative Trading

August 6, 2019

In the wake of the global financial crisis of 2008–2009, Basel III introduced a more comprehensive set of capital and liquidity requirements for banks in order to address shortcomings in the pre-crisis capital framework and improve the resilience of the financial system.

Even Though the Fifth Amendment is a Constitutional Right

July 20, 2019

Even though the fifth amendment is a Constitutional right, Commodities Futures Trading Commission (CFTC) enforcement officials can draw a negative inference when its invoked, according to their manual. The Futures Industry Association held its latest webinar entitled “The CFTC’s New Enforcement Manual: Its Key Content and Use for Practitioners in CFTC Investigations.”