Commodity Exchange Act Archives - The Industry Spread

CFTC Announces Agenda for 2nd Annual Fintech Forward Conference

October 25, 2019

The U.S. Commodity Futures Trading Commission today announced the agenda for its second annual Fintech Forward conference. This year’s event, Fintech Forward 2019: Exploring the Unwritten Future, will bring together innovators, regulators, market participants, and the general public to discuss the latest in fintech developments and the impact of these emerging technologies on markets and customers. The conference will be held at the CFTC’s headquarters in Washington, DC on October 24, 2019.

CFTC’s Power To Prosecute Manipulators Examined

October 14, 2019

Some people might be thinking: Why do we need legislation like that? Don’t we already have something in place? Unfortunately, current law does not have enough protections for our consumers, and we have found in other areas that it is very important to have a strong bright line, a law on the books against manipulation

CFTC Charges Trader with Spoofing in Financial Futures Markets

August 4, 2019

The U.S. Commodity Futures Trading Commission today issued an order filing and settling charges against Benjamin Cox, a trader and CFTC-registered floor broker based in Chicago, Illinois, for engaging in spoofing in the Chicago Mercantile Exchange (CME) E-mini S&P 500 and E-mini Nasdaq 100 futures markets.

CFTC Orders ADM Investor Services Inc. to Pay a $250,000 Penalty to Settle Charges that it Failed to Supervise Its Employees

July 22, 2019

The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against ADM Investor Services Inc. (ADMIS), a registered futures commission merchant located in Chicago, Illinois.  The Order requires ADMIS to pay a civil monetary penalty of $250,000 and cease and desist from any further violations of the Commodity Exchange Act or CFTC Regulations.

CFTC Announces Approximately $2.5 Million Whistleblower Award

June 29, 2019

The Commodity Futures Trading Commission (CFTC) announced today a whistleblower award of approximately $2.5 million to be paid to an individual whistleblower. In ordering the award, the CFTC took into account the significance of early reporting of misconduct, however, the award was reduced because of the whistleblower’s delay in reporting to the CFTC.

CFTC Approves Proposed Rule to Improve Data Quality and Streamline Regulations for Swap Data Repositories

April 29, 2019

The Commodity Futures Trading Commission (CFTC) today approved a proposed rule to improve the quality of swap data and to update and streamline regulations related to swap data repository (SDR) operations and governance. The proposed rule is the first rulemaking that is part of the Roadmap to Achieve High Quality Swaps Data, a comprehensive review of swap reporting regulations that the CFTC’s Division of Market Oversight announced in July 2017.

CFTC Implements New SWAP Data Reporting Rule

April 29, 2019

The Commodity Futures Trading Commission (CFTC) today approved a proposed rule to improve the quality of swap data and to update and streamline regulations related to swap data repository (SDR) operations and governance. The proposed rule is the first rulemaking that is part of the Roadmap to Achieve High Quality Swaps Data, a comprehensive review of swap reporting regulations that the CFTC’s Division of Market Oversight announced in July 2017.

CFTC Issues Amended Margin Comparability Determination for Japan

March 29, 2019

The Commodity Futures Trading Commission (CFTC) today unanimously approved an amended comparability determination that would extend the substituted compliance permitted for Japan’s margin requirements for uncleared swaps as compared to the uncleared swap margin provisions of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) and CFTC regulations.  

CFTC Obtains $2.1 Million Judgment Against Iowa Commodity Trader for Fraudulent Scheme

December 25, 2018

The Commodity Futures Trading Commission (CFTC) announced today that on November 26, an Order and Judgment by Default (Order) was entered against Lon Olen Friedrichsen (Friedrichsen) of Alton, Iowa in connection with a fraudulent scheme to illegally trade NYMEX West Texas Intermediate Light Sweet Crude Oil futures contracts on behalf of customers.