commodity futures trading commission

CFTC News: CFTC Wins Judgment against Commodities Trader, Mark R. Slobodnik, for Commodity Pool Fraud, Including Misappropriating Funds

Washington, DC — The Commodity Futures Trading Commission (CFTC) announced today that Defendant Mark R. Slobodnik of Libertyville, Illinois, has been ordered to pay approximately $370,000 in fines in connection with a $1.76 million commodity pool fraud operated under the name Blue Guru, LLC. Judge Manish Shah, of the U.S. District Court for the Northern … Continue reading CFTC News: CFTC Wins Judgment against Commodities Trader, Mark R. Slobodnik, for Commodity Pool Fraud, Including Misappropriating Funds

CFTC News: Commissioner Behnam Announces Members of the Market Risk Advisory Committee’s Interest Rate Benchmark Reform Subcommittee

Washington, DC — Commodity Futures Trading Commission (CFTC) Commissioner Rostin Behnam today announced the members of the Interest Rate Benchmark Reform Subcommittee (Subcommittee) of the CFTC’s Market Risk Advisory Committee (MRAC).  Commissioner Behnam is the sponsor of the MRAC. Thomas Wipf, Vice Chairman of Institutional Securities at Morgan Stanley, will chair the 21-member Subcommittee, which … Continue reading CFTC News: Commissioner Behnam Announces Members of the Market Risk Advisory Committee’s Interest Rate Benchmark Reform Subcommittee

Business News: CFTC Allows Additional UK Multilateral Trading Facilities to Operate without CFTC Registration as Exempt SEFs

Washington, DC — The Commodity Futures Trading Commission (CFTC) today issued an amended order that will allow an additional four multilateral trading facilities (MTFs) authorized within the European Union (EU) to be exempted from the requirement to register with the CFTC as swap execution facilities (SEFs). The amended order exempts four United Kingdom-based MTFs – … Continue reading Business News: CFTC Allows Additional UK Multilateral Trading Facilities to Operate without CFTC Registration as Exempt SEFs

CFTC News: CFTC Approves a Proposed Rule to Provide Exception to Annual Privacy Notice Requirement

Washington, DC — The Commodity Futures Trading Commission (CFTC) today approved a proposed rule to revise a CFTC regulation that requires certain futures commission merchants, retail foreign exchange dealers, commodity trading advisors, commodity pool operators, introducing brokers, major swap participants, and swap dealers to provide annual privacy notices to customers.  Under the proposed rule these … Continue reading CFTC News: CFTC Approves a Proposed Rule to Provide Exception to Annual Privacy Notice Requirement

CFTC News: CFTC Approves a Final Rule to Amend Uncleared Swap Margin Requirements

Washington, DC — The Commodity Futures Trading Commission (CFTC) announced today that it has approved a final rule to amend its uncleared swap margin requirements (CFTC Margin Rule) to better align with certain rules (QFC Rules) adopted by the Board of Governors of the Federal Reserve System (FRS), the Federal Deposit Insurance Corporation (FDIC), and … Continue reading CFTC News: CFTC Approves a Final Rule to Amend Uncleared Swap Margin Requirements

CFTC News: CFTC Commissioner Dan Berkovitz Announces Staff Appointments

Washington, DC — Commodity Futures Trading Commission (CFTC) Commissioner Dan Berkovitz announced that Erik Remmler will serve as Chief of Staff and Lucy Hynes will serve as Special Counsel. Commissioner Berkovitz commented: “I am very glad to have Erik and Lucy on my team.  They both have extensive experience at the CFTC and in the … Continue reading CFTC News: CFTC Commissioner Dan Berkovitz Announces Staff Appointments

CFTC News: CFTC Division of Enforcement Issues Report on FY 2018 Results

Washington, DC — The Division of Enforcement (DOE) of the Commodity Futures Trading Commission (CFTC) today issued its report outlining its major priorities and initiatives during the past Fiscal Year 2018 (FY 2018).  Enforcement Director James McDonald announced the release of the report at a speech given at NYU as part of the Program on … Continue reading CFTC News: CFTC Division of Enforcement Issues Report on FY 2018 Results

CFTC News: In CFTC Action, Federal Court Orders Hedge Fund and Its Principals To Pay More Than $1 Million for Fraud and Registration Violations

Washington, DC — A federal court in New York has entered orders against Kevin P. Whylie of Ozone Park, New York, Matthew James Zecchini of East Islip, New York, and the New York hedge fund they co-founded, Algointeractive Inc (together, Defendants), to pay more than $1 million in civil monetary penalties and restitution.  The Court’s … Continue reading CFTC News: In CFTC Action, Federal Court Orders Hedge Fund and Its Principals To Pay More Than $1 Million for Fraud and Registration Violations