News Centre

CFTC To Hold An Open Commission Meeting On October 6

Date 30/09/2020

Commodity Futures Trading Commission Chairman Heath P. Tarbert today announced the CFTC will hold an open meeting on Tuesday, October 6, 2020 at 10:30 a.m. (EDT). The meeting will be held virtually in accordance with the agency’s implementation of social distancing due to the COVID-19 (coronavirus) pandemic.

SEC Charges Manitex International And Three Former Senior Executives With Accounting Fraud

Date 30/09/2020

The Securities and Exchange Commission today announced settled charges against Manitex International, Inc., a Bridgeview, Illinois manufacturer and distributor of cranes, forklifts and heavy equipment, and three of its former senior executives for two accounting fraud schemes that resulted in the issuance of materially misstated financial statements.

New York State Department Of Financial Services Linda A. Lacewell's Op-Ed In Law360: We Must Hold Banks Accountable To Stop Money Laundering

Date 29/09/2020

The so-called FinCEN Files investigation from the International Consortium of Investigative Journalists and BuzzFeed News showing $2 trillion in suspicious activity reports from global banks over a period of years has generated significant news coverage, and the stock markets shivered.

Supporting Statement Of CFTC Commissioner Dan M. Berkovitz Regarding Historic Penalty Against JPMorgan and Opposing “Bad Actor” Waiver

Date 29/09/2020

I support today’s Commission action ordering JPMorgan[1] to pay $920 million—the largest monetary settlement in this agency’s history—for manipulating the precious metals and U.S. Treasury futures markets.  However, I oppose the CFTC’s determination that JPMorgan’s conduct should not result in any disqualifications under the “bad actor” provisions of the securities laws, for the reasons outlined below.

Joint Statement Of Concurrence Of CFTC Commissioners Dawn D. Stump And Rostin Behnam Regarding JPMorgan Chase & Co., Et Al.

Date 29/09/2020

We concur with the Commission’s decision to accept the Offer of Settlement from JPMorgan Chase Bank, N.A.; J.P. Morgan Securities LLC; and JPMorgan Chase & Co. (the “Respondents”).  We concur with the Commission’s findings that the Respondents engaged in unlawful spoofing, manipulation, and attempted manipulation in precious metals and treasuries markets, and that Respondent J.P. Morgan Securities LLC further breached its duty of diligent supervision, all in violation of the Commodity Exchange Act (“CEA”) and the Commission’s regulations.

Nasdaq To Hold Third Quarter 2020 Investor Conference Call

Date 29/09/2020

Nasdaq (Nasdaq: NDAQ) has scheduled its Third Quarter 2020 financial results announcement.

Senior management will be available for questions from the investment community following prepared remarks.

CFTC Orders New Jersey Firm To Pay $300,000 For Supervision Violations

Date 29/09/2020

The Commodity Futures Trading Commission today issued an order filing and settling charges against registered futures commission merchant Gain Capital Group, LLC, of Bedminster, New Jersey, for supervision violations related to its handling of customer accounts introduced by an independent introducing broker that was subject to a prior CFTC enforcement action for fraud and other violations. The order requires Gain to pay a civil monetary penalty of $300,000 and cease and desist from violating CFTC Regulation 166.3.

MIAX PEARL Equities Completes First Day Of Live Trading

Date 29/09/2020

Miami International Holdings, Inc. (MIH), the parent holding company of the MIAX®, MIAX PEARL® and MIAX Emerald™ exchanges, today announced that its first equities exchange, MIAX PEARL Equities™, completed its first day of live trading in the symbol NTGR (NETGEAR Inc.). Additional symbols are expected to begin rolling out on October 2, 2020. With its launch, MIAX PEARL Equities joins current options exchanges MIAX Options®, MIAX PEARL and MIAX Emerald as part of the MIAX Exchange Group™.

Chief Information Officer Resigns From NZX

Date 29/09/2020

NZX yesterday announced that Chief Information Officer, David Godfrey, has resigned and will be leaving the company at the end of 2020.

CFTC Awards Whistleblower $250,000

Date 29/09/2020

The Commodity Futures Trading Commission today announced an award of approximately $250,000 to a whistleblower who provided significant information that caused the CFTC to open an investigation. The whistleblower also provided substantial assistance to staff throughout the investigation. The award was reduced, however, because the whistleblower did not promptly report the violations.