News Centre

ASIC Releases Research About Investment Behaviour

Date 11/08/2022

ASIC has released Report 735 Retail investor research (REP 735) capturing retail investor motivations, attitudes and behaviours in the period following the onset of the COVID-19 pandemic.

US Department Of Justice: Former J.P. Morgan Traders Convicted Of Fraud, Attempted Price Manipulation, And Spoofing In A Multi-Year Market Manipulation Scheme

Date 10/08/2022

A federal jury in the Northern District of Illinois convicted two former precious metals traders at JPMorgan Chase & Co. (JPMorgan) today of fraud, attempted price manipulation, and spoofing in a multi-year market manipulation scheme of precious metals futures contracts that spanned over eight years and involved thousands of unlawful trading sequences.

Dissenting Statement Of CFTC Commissioner Summer K. Mersinger Regarding Proposed Amendments To Form PF

Date 10/08/2022

I am respectfully voting to dissent on the joint SEC/CFTC proposed rulemaking to amend Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds.  The class of registered investment advisers required to submit Form PF includes those that also are registered with the CFTC as commodity pool operators or commodity trading advisors. 

Dissenting Statement Of CFTC Commissioner Caroline D. Pham Regarding The Proposed Amendments To Form PF

Date 10/08/2022

I respectfully dissent from the proposed amendments to the Reporting Form for Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading Advisors (Form PF).  The proposed joint amendments, an action of the CFTC as well as the SEC, seem to impose overly broad obligations that would be unnecessarily burdensome and would present potentially significant operational challenges and costs without a persuasive cost-benefit analysis under the Commodity Exchange Act (CEA).  In a time of economic challenges, including rising inflation, we must be careful when considering proposals that could inhibit positive economic activity that supports American businesses and jobs.  I look forward to hearing from commenters as to the proposed amendments, including practical implementation issues and the relative costs and benefits of the proposal.

Statement Of CFTC Commissioner Christy Goldsmith Romero Regarding The Proposal For Enhanced Monitoring And Identification Of Systemic Risk And Emerging Threats To The U.S. Financial System

Date 10/08/2022

As a U.S. financial markets regulator and a member of the Financial Stability Oversight Council (FSOC), the Commission has a critical responsibility to monitor, identify, and respond to systemic risks and emerging threats to U.S. financial stability.  I support the proposed amendments to Form PF because they will enhance one of the Commission’s tools to fulfill that critical responsibility and facilitate our regulatory oversight of private funds.

CFTC Approves A Joint Rule Proposal To Amend Form PF

Date 10/08/2022

The Commodity Futures Trading Commission today voted to jointly propose amendments to Form PF with the Securities and Exchange Commission (SEC), as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Form PF is the confidential reporting form for certain investment advisers to private funds that are registered with the SEC, including those also registered with the CFTC. The SEC also approved the proposed amendments at a public meeting today. The proposed amendments to Form PF reflect the lessons learned over the past decade of private funds filing with the SEC

Statement On Amendments To Form PF To Amend Reporting Requirements For All Filers And Large Hedge Fund Advisers, SEC Commissioner Mark T. Uyeda Aug. 10, 2022

Date 10/08/2022

Thank you, Chair Gensler. Who benefits from investments in private funds and alternative investments? In many cases, they are the pensioners in a retirement plan or a university student who benefits from an endowment. In other words, Americans of all types benefit from a robust market for private funds that is diverse and provides sophisticated institutional investors and their advisers with choices to address different risk tolerances, investment strategies, and time horizons.

Statement On Proposed Amendments To Form PF, SEC Commissioner Caroline A. Crenshaw, Aug. 10, 2022

Date 10/08/2022

Today’s Form PF proposal would provide the SEC, CFTC, and Financial Stability Oversight Council (“FSOC”) with important information to keep apace with the myriad changes in the private funds space.

ISDA Publishes Results Of Survey On Increased Clearing In US Treasury Market

Date 10/08/2022

ISDA has published the results of a survey on the US Treasury market, which provides views on the potential benefits and costs of increased clearing of cash Treasury securities and repos.

CME Group: SOFR Options Open Interest Surpasses 10 Million Contracts As Liquidity In SOFR Deepens

Date 10/08/2022

• Record average daily volume (ADV) of 2,456,246 SOFR futures and options contracts traded in August
• Record ADV of 606,225 SOFR options contracts