Looking askance: CFTC fines unregistered FCM/DCM

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...

Looking askance: two CFTC enforcement actions against SEFs

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...

A Quick Look: CFTC advisory letter 21-14

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...

A Quick Look: CFTC no-action letter 21-13

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...