cme group

Inter-Dealer Broker GFI Securities Hit with $75,000 Fine…

CME Group Inc, the largest US futures exchange operator, has fined New York-based interdealer broker GFI Securities LLC $75,000 for a series of lapses in supervision, reporting, and recordkeeping spanning over four months. CME, owner…

SEC

SEC Warns Investors of Fraudsters Posing as Regulators

The Securities and Exchange Commission (SEC) today warned investors to beware of imposter schemes in which con artists are posing as regulators to make fraudulent investment pitches. The end goal of these ongoing impersonation attacks…

SEC Awards $40 Million to Two Tipsters, Including…

The US Securities and Exchange Commission (SEC) awarded about $40 million in total to two whistleblowers, including one who waited several years to report wrongdoings to the regulator. The awards, which were for $32 million…

CloudMargin Readies Platform Ahead of Uncleared Margin Rules…

UMR reduces the risk of over the counter (OTC) derivatives by ensuring collateral is available to protect against counterparty default. CloudMargin has enhanced its collateral and margin management solution to facilitate clients' preparedness for the…

Financial Conduct Authority

UK FCA wants extra power to crack down…

FCA Chair Charles Randell is proposing to bring the promotion of crypto-assets into the scope of the watchdog’s existing oversight to combat a flood of "problematic content." Citing concern over investor protection, Britain's Financial Conduct…

Brexit

CFTC Amends Brexit No-Action Relief to Include GFI…

The Commodity Futures Trading Commission (CFTC) has amended the terms of the relief it granted to UK multilateral and organised trading facilities to resolve any issues that may arise in case Britain crashes out of…

FX global code

GFXC New Guidance Requires Detailed Disclosure on Last…

The Global Foreign Exchange Committee (GFXC) today released a guidance paper on the ‎controversial practice of ‘last look’ within the FX market. Citing amendments to Principle 17 of the FX Global Code, the GFXC said…

Australia

ASIC Warns Crypto Investors of Unlicensed Brokers And…

The Australian Securities and Investments Commission (ASIC) has warned Australians of investing in crypto-asset-related financial products, such as options and futures, through unlicensed entities for its lack of protection. ASIC recommends investors to only deal…

NFA cuts margin requirements for British pound and…

The US National Futures Association (NFA) said on Tuesday it would temporarily require traders to put down lower margins when they enter into FX trades involving the British pound and Japanese yen. The Chicago-based regulator,…