News Centre

CFTC Chairman Behnam To Deliver The Keynote Address And Participate In A Fireside Chat At FIA Expo 2023

Date 29/09/2023

CFTC Chairman Behnam To Participate In A Fireside Chat At The 2023 Federal Reserve Bank Of Chicago Financial Markets Group Fall Conference

Date 29/09/2023

SEC Charges Electric Vehicle Co. For Misleading Revenue Projections Ahead Of SPAC Merger

Date 28/09/2023

The Securities and Exchange Commission today charged Denver-based Spruce Power Holding Corporation, the successor to XL Fleet Corp., for misleading investors about revenue projections that topped $1 billion within three years of going public. XL Fleet, which provided hybrid electric vehicle systems for commercial fleet vehicles, went public through a 2020 merger with a special purpose acquisition company (SPAC).

SEC Charges Exelon, Its Subsidiary Commonwealth Edison, And Subsidiary’s Former CEO Anne Pramaggiore With Fraud In Connection With Political Corruption Scheme Exelon To Pay $46 Million Penalty To Settle; SEC Files Suit Against Former CEO In District Court

Date 28/09/2023

The Securities and Exchange Commission today charged Exelon Corporation, electric utility company Commonwealth Edison Company (ComEd), which is Exelon’s subsidiary, and former ComEd CEO Anne Pramaggiore with fraud in connection with a multi-year scheme to corruptly influence and reward then-Speaker of the Illinois House of Representatives Michael Madigan. Exelon and ComEd agreed to settle the charges, with Exelon paying a civil penalty of $46.2 million. The charges against Pramaggiore will be litigated.

Cboe Global Markets Announces Date Of Third-Quarter 2023 Earnings Release And Conference Call

Date 28/09/2023

Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, will announce its financial results for the third quarter of 2023 before the market opens on Friday, November 3, 2023. A conference call with remarks by the company's senior management will begin at 7:30 a.m. CT (8:30 a.m. ET).

CFTC Orders A Colorado Commodity Pool Operator And Its Owner To Pay More Than $475,000 For Fraud Violations

Date 28/09/2023

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Colorado-based Highland Quantitative Driven Investments LLC, a formerly registered commodity pool operator, and its owner, Colorado resident Michael T. Zatorski, a formerly registered associated person of Highland.

SEC Charges Clear Channel Outdoor With FCPA Violations Relating To China Subsidiary

Date 28/09/2023

The Securities and Exchange Commission today announced that Clear Channel Outdoor Holdings Inc. agreed to pay more than $26 million to resolve charges that it bribed Chinese government officials to obtain outdoor advertising contracts in violation of the Foreign Corrupt Practices Act (FCPA).

Welcoming Remarks, Federal Reserve Chair Jerome H. Powell, At Conversation With The Chair: A Teacher Town Hall Meeting, Washington, D.C. (And By Webcast)

Date 28/09/2023

Thank you, Sarah, thank you to those in Fed Education who helped put together this event, and thank you to the teachers here and online who have put aside some of their planning time to listen and, I hope, also participate. If I were doing the grading, credit would always be granted for participation.

Statement Of CFTC Commissioner Kristin N. Johnson: The Continuing Surge Of Forex Investment Fraud

Date 28/09/2023

Today the Commodity Futures Trading Commission (CFTC) announced the filing of a complaint in the United States District Court for the Eastern District of Michigan against Darren Robinson and his company The QYU Holdings Inc.  According to the complaint, the Defendants engaged in a type of fraud that has become all too common lately: foreign currency (forex) investment scams.  The Defendants solicited the public to join a commodity pool for the purpose of investing in leveraged, margined, or financed forex pairs and forex futures contracts.  Rather than invest the money in forex as promised, Robinson instead invested it in luxury cruises, vehicles, real property, airfare, and other daily expenses for himself.  Of the roughly $7 million that he received from 30 victims, about $1.2 million was used to make payments to earlier investors as “profits” of the trading, in the manner of a Ponzi scheme.

ISDA derivatiViews: Exploring A Central Notices Hub

Date 28/09/2023

It’s well understood that people should hope for the best but be prepared for the worst. When it comes to the derivatives market, the ISDA Master Agreement does just that. Many of its most important clauses set out the steps firms should take if the worst does occur and a trading counterparty fails. These provisions have proved to be robust over three decades, but practical challenges can still arise, particularly when it comes to delivering critical notices to counterparties. ISDA has been working with members to consider possible solutions – and we think technology could be the answer.