Payment Ventures, Inc., doing business as Kraken (“Kraken”), entered into an order with the Commodities Futures Trading Commission (“CFTC”) on September 28, 2021 in connection with Kraken’s actions as an unregistered commodity exchange or futures commission merchant...
The Commodity Futures Trading Commission (“CFTC”) fined Interactive Brokers LLC (“Interactive Brokers”) $1,750,000 and required Interactive Brokers to pay restitution of $82,570,000 to customers for trading system failures. Interactive Brokers failed to prepare its...
On 27 and 28 September 2021 the Commodity Futures Trading Commission (“CFTC”) entered into settlements with each of Refinitiv US SEF LLC (“Refinitiv”) and Respondent Symphony Communication Services, LLC (“Symphony”) for two disparate violations of regulations...
In three enforcement orders entered between 27 September and 29 September, the Commodity Futures Trading Commission (“CFTC”) showed its attention to swap dealers’ failures to report or disclose information required by regulation. Provisionally registered swap dealers...
Responding to concerns about calculations of required capital, staff in the Commodity Futures Trading Commission (“CFTC”) Market Participants Division advised that futures commission merchants and swap dealers, or standalone swap dealers, may compute uncleared swap...
Commodity Futures Trading Commission (“CFTC”) staff in the Division of Clearing and Risk reaffirmed guidance from 2014 for a registered derivatives clearing organization, CX Clearinghouse, L.P. This no-action relief reaffirms the interpretive guidance in the CFTC...
