News Centre

CFTC Charges Unregistered Forex Trading Firm And Its Principal With Fraud And Misappropriation

Date 09/09/2019

The U.S. Commodity Futures Trading Commission has filed a civil enforcement action in the Southern District of New York against defendants Dominick Vincent Carducci and his company VOS Capital Management, LLC (VOS Capital), both of South Carolina.  The defendants are charged with fraud and misappropriation in connection with the unlawful operation of a commodity pool that purported to trade leveraged or margined foreign currency (retail forex).  The CFTC complaint alleges fraudulent solicitation of at least 30 commodity pool participants, as well as the misappropriation of over $1.1 million of pool funds that defendants used to reimburse certain participants and for Carducci’s personal use, such as international travel, luxury automobiles, and student loan debt.

Remarks To The Economic Club Of New York, SEC Chairman Jay Clayton, New York, N.Y., Sept. 9, 2019

Date 09/09/2019

Thank you for having me and thanks to those who have contributed to today’s event—in particular, the Economic Club, Chair, Marie-Josée [Kravis], President, Barbara [Van Allen], as well as panelists Bob [Pisani] and Harold [Ford].

CFTC’s Global Markets Advisory Committee To Meet On September 24

Date 09/09/2019

The U.S. Commodity Futures Trading Commission’s Global Markets Advisory Committee (GMAC) announced today that it will hold a public meeting on Tuesday, September 24, 2019, at CFTC’s Washington, DC headquarters.

Autorité Des Marchés Financiers: New Director, Fintech And Innovation

Date 09/09/2019

The Autorité des marchés financiers (“AMF”) is pleased to announce the appointment of Oumar Diallo to the position of Director, Fintech and Innovation.

CFTC Orders Registrant To Pay $1.25 Million For Fraud, Unauthorized Trading, And Violating Speculative Position Limits In Live Cattle Futures

Date 09/09/2019

The U.S. Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against Nathan Harris, a CFTC registrant, of Akron, Iowa, for fraud, unauthorized trading, and violating speculative position limits in live cattle futures contracts.  The order imposes a civil monetary penalty of $1,250,000 and permanent restrictions on Harris’s registration with the CFTC.

ACER: Conclusions On The III Energy Market Integrity And Transparency Forum Online

Date 09/09/2019

The Agency publishes today the ACER conclusions following the 3^rd Energy Market Integrity and Transparency Forum held  in Ljubljana on 5 and 6 September. You can also find the ACER presentations delivered at the Forum here. 

CFTC To Hold An Open Commission Meeting On September 16

Date 09/09/2019

The U.S. Commodity Futures Trading Commission Chairman Heath P. Tarbert today announced the CFTC will hold an open meeting on Monday, September 16 at 10:00 a.m. at its headquarters in Washington, DC to consider the following:

EBA Will Clarify The Prudential Treatment Applicable To Own Funds Instruments At The End Of The Grandfathering Period Expiring On 31 December 2021

Date 09/09/2019

The European Banking Authority (EBA) announced today its intention to provide clarity on the appropriate treatment of the so-called ‘legacy instruments' at the end of 2021, when the benefits of the grandfathering period will expire. The aim of the clarification is to preserve a consistent and high quality capital base for EU institutions under the CRR.

SEC: Chandler Smith Costello Named Deputy Director For Public Affairs

Date 09/09/2019

The Securities and Exchange Commission today announced Chandler Smith Costello has been named Deputy Director for the Office of Public Affairs. Costello comes to the SEC from the Office of Senate Majority Whip John Thune where she served as his leadership communications director for the Whip office.

IMF Executive Board To Consider The Nomination Of Kristalina Georgieva For The Position Of Managing Director

Date 09/09/2019

The Executive Board of the International Monetary Fund (IMF) issued the following statement today:

“The period for submitting nominations for the position of the next Managing Director closed on Friday, September 6. One nominee, Ms. Kristalina Georgieva, currently Chief Executive Officer of the World Bank (CV and photo), and a Bulgarian national, has confirmed willingness to be considered as a candidate."