Commodity Futures Trading Commission

KC Waldron Joins Empower as Chief Compliance Officer

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木曜日, 5月 16, 2024
Personal Finance, Finance, Consulting, Professional Services, Asset Management, Central bank, Security (finance), Empower, Commodity Futures Trading Commission, National Futures Association, University, Culture, KC, FINRA, Texas A&M University, Multimedia, Security, Contract management, Financial adviser

Empower announced today that KC Waldron will join the company as chief compliance officer.

Key Points: 
  • Empower announced today that KC Waldron will join the company as chief compliance officer.
  • View the full release here: https://www.businesswire.com/news/home/20240516254687/en/
    KC Waldron joins Empower as Chief Compliance Officer.
  • (Photo: Business Wire)
    Waldron will oversee compliance activities for Empower, including the management and development of Empower’s compliance program.
  • KC has spent her career supporting and protecting investors, which is always our most important consideration at Empower,” said John Bevacqua, executive vice president and chief risk officer.

Wolters Kluwer launches Regulatory Violations Intelligence Index to highlight key trends in U.S. regulatory supervision

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火曜日, 5月 14, 2024
Professional Services, Other Professional Services, Insurance, Finance, Consulting, Banking, Policy, CFTC, Commodity Futures Trading Commission, Contract management

Covering a period from 2018 through 2023 reflected in half-year increments, the Regulatory Violations Intelligence Index examines key violation categories—competition-related offenses, consumer protection-related offenses and financial offenses—across federal and state regulatory bodies.

Key Points: 
  • Covering a period from 2018 through 2023 reflected in half-year increments, the Regulatory Violations Intelligence Index examines key violation categories—competition-related offenses, consumer protection-related offenses and financial offenses—across federal and state regulatory bodies.
  • “In today’s rapidly evolving regulatory landscape, compliance executives increasingly depend on data-driven intelligence to help optimize their compliance risk management efforts,” says Vikram Savkar , Executive Vice President and General Manager for Wolters Kluwer Compliance Solutions.
  • Among the key findings:
    Enforcement actions for illegal fees and customer data security breaches have been consistent priorities for banking regulators.
  • Wolters Kluwer will update the Index semi-annually to give compliance professionals a timely, holistic view of the evolving supervisory priorities of key regulators for banks, brokerage firms and insurance providers.

Paxos Adds J. Christopher Giancarlo to Board of Directors

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火曜日, 5月 14, 2024
USDP, Commodity Futures Trading Commission, Blockchain, PayPal, Trust, Former, CFTC, Brings, Freedom, Entrepreneurship, Contract management, Cryptocurrency

NEW YORK, May 14, 2024 /PRNewswire/ -- Paxos, the leading regulated blockchain and tokenization infrastructure platform, today announced it has added J. Christopher Giancarlo, former Chairman of the United States Commodity Futures Trading Commission (CFTC), to its board of directors.

Key Points: 
  • Giancarlo Brings Decades of Expertise, Including as Former Commodity Futures Trading Commission Chair
    NEW YORK, May 14, 2024 /PRNewswire/ -- Paxos, the leading regulated blockchain and tokenization infrastructure platform, today announced it has added J. Christopher Giancarlo, former Chairman of the United States Commodity Futures Trading Commission (CFTC), to its board of directors.
  • A well-respected figure in the financial services industry, and a passionate blockchain technology advocate, Giancarlo brings invaluable expertise and knowledge to Paxos as it continues to lead in digital asset innovation.
  • Charles Cascarilla, CEO and Co-Founder of Paxos, said: "Chris brings unparalleled expertise and understanding of complex market dynamics to Paxos.
  • J. Christopher Giancarlo, incoming Paxos Board Member, said: "Paxos has established itself as the leader in bridging traditional and digital asset markets by introducing regulated solutions that are safe for institutions and consumers.

World Leaders, Global CEOs From Tech, Finance and Health Industries, to Join Leading Experts in Economics, Academia, Government, and Philanthropy to Address Pressing Global Issues at Milken Institute 2024 Global Conference

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木曜日, 4月 11, 2024
Other Philanthropy, Technology, Sustainability, Socially Responsible Investing, Public Policy, Government, Environmental, Social and Governance (ESG), Climate Change, Environment, Healthcare Reform, Security, Green Technology, Professional Services, Philanthropy, Biotechnology, Artificial Intelligence, Health, Fund Raising, Foundation, Environmental Policy, Environmental Issues, Milken Institute, Innovation system, Partnership, TIME, Economics, Contract management, International Monetary Fund, Bangladesh Technical Education Board, Republic, Capitalism, Ambassador, Conference, Entrepreneurship, GSK, World Food Programme, Whole Foods Market, The Beverly Hilton, Obama Foundation, Motorola Solutions, Inter Miami CF, Harvard University, Climate change, Warner Bros. Discovery, Volkswagen Group, Artificial intelligence, Senior advisor, TIAA, Authentic Brands Group, Commodity Futures Trading Commission, ExxonMobil, Clinical trial, Fellow, Federal Reserve Bank, Volkswagen Group of America, Implementation, FedEx, IBM, Management

If we view these issues as problems needing to be solved, we can together move the innovative ideas and financial capital required to craft solutions.

Key Points: 
  • If we view these issues as problems needing to be solved, we can together move the innovative ideas and financial capital required to craft solutions.
  • During the Global Conference, the Milken Institute will highlight some of its impactful programmatic work and global partnerships in health, finance, and philanthropy with noteworthy events.
  • The Global Conference will conclude with a closing ceremony concert for attendees featuring legendary Grammy award-winning artist and Rock and Roll Hall of Fame inductee John Fogerty.
  • For updates on the event, follow Milken Institute on LinkedIn , X , Instagram , and Facebook using #MIGlobal.

Whistleblower Attorneys Offer Detailed Recommendations for DOJ Whistleblower Award Program

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月曜日, 3月 25, 2024
Contract management, Comment, Commodity Futures Trading Commission, CFTC, KKC, Policy, Security (finance), Bloomberg, DOJ, Multimedia, Pharmaceutical industry

WASHINGTON, March 25, 2024 /PRNewswire/ -- The U.S. Department of Justice (DOJ) has commenced a "90-day policy sprint" to develop a whistleblower award program.

Key Points: 
  • WASHINGTON, March 25, 2024 /PRNewswire/ -- The U.S. Department of Justice (DOJ) has commenced a "90-day policy sprint" to develop a whistleblower award program.
  • On March 22, attorneys from the whistleblower law firm Kohn, Kohn & Colapinto (KKC) sent a letter to the DOJ offering detailed recommendations on establishing an effective whistleblower award program .
  • The whistleblower attorneys urge the DOJ to largely model its program off of the Dodd-Frank Act programs at the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).
  • In announcing the DOJ program , Deputy Attorney General Lisa Monaco stated that these programs "have proven indispensable " and the attorneys at KKC argue that they provide a clear model for an effective whistleblower award program.

FTC Convenes Advisory Group to Fight Scams Against Older Adults

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火曜日, 4月 2, 2024
Chamber of Digital Commerce, Consumer, Contract management, Consumer protection, Congress, Government, AARP, Commodity Futures Trading Commission, Webcast, Social media, Research, Digital, Blog, News, Security (finance), Consumer Financial Protection Bureau, Financial Crimes Enforcement Network, Federal Deposit Insurance Corporation, Justice, AmeriCorps, National Retail Federation, United States Telecom Association, Treasury, Federal Trade Commission, Financial Industry Regulatory Authority, FTC, Cryptocurrency

The Federal Trade Commission will host an online meeting of the Scams Against Older Adults Advisory Group on April 2, 2024.

Key Points: 
  • The Federal Trade Commission will host an online meeting of the Scams Against Older Adults Advisory Group on April 2, 2024.
  • The meeting will begin at 2 p.m. Eastern Time with opening remarks by FTC Bureau of Consumer Protection Director Samuel Levine.
  • The advisory group was formed because of the Stop Senior Scams Act, passed by Congress in 2022.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

Norton Rose Fulbright welcomes two highly regarded financial services partners in New York

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月曜日, 3月 4, 2024
Public policy, Law school, Financial services, Lawyer, Columbia Law School, CEA, Chambers and Partners, Record, Growth, CFTC, MBA, Private law, Yale Law School, LLM, University, Sarah Lawrence College, JD, University of Oxford, News, Commodity Futures Trading Commission, Contract management, City University, Commodity Exchange Act, Financial adviser

New York, March 04, 2024 (GLOBE NEWSWIRE) -- Global law firm Norton Rose Fulbright today announced that financial services lawyers Steven Lofchie and Mark Highman have joined the firm as partners in the New York office.

Key Points: 
  • New York, March 04, 2024 (GLOBE NEWSWIRE) -- Global law firm Norton Rose Fulbright today announced that financial services lawyers Steven Lofchie and Mark Highman have joined the firm as partners in the New York office.
  • Regarded as one of the leading financial services practitioners in the US, Lofchie counsels clients on securities laws, the Commodity Exchange Act (CEA) and related bankruptcy issues in his regulatory practice.
  • Clients look to Norton Rose Fulbright to guide them through such challenges, and Steve and Mark further strengthen our multidisciplinary offering to the financial services industry.”
    Vincent Dunn, Norton Rose Fulbright’s New York Co-Partner-in-Charge, commented:
    “Norton Rose Fulbright’s New York office has been serving clients in the financial services sector for more than a century.
  • Norton Rose Fulbright provides a full scope of legal services to the world’s preeminent corporations and financial institutions.

DOJ Plan to Offer Whistleblower Awards "A Good First Step," According to Kohn, Kohn & Colapinto

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木曜日, 3月 7, 2024
Kohn, Justice minister, Kohn, Kohn & Colapinto, AML, Colapinto, Person, Multimedia, Accusative case, CFTC, Foot, National Whistleblower Center, Crime, DOJ, IRS, Whistleblower, Commodity Futures Trading Commission, Comment, Contract management, Cryptocurrency

WASHINGTON, March 7, 2024 /PRNewswire/ -- The Department of Justice (DOJ) will launch a whistleblower rewards program later this year, Deputy Attorney General Lisa Monaco, announced today .

Key Points: 
  • WASHINGTON, March 7, 2024 /PRNewswire/ -- The Department of Justice (DOJ) will launch a whistleblower rewards program later this year, Deputy Attorney General Lisa Monaco, announced today .
  • Monaco stated that other U.S. whistleblower award programs, such as the SEC , CFTC , IRS and AML programs, "have proven indispensable" and that the DOJ plans to offer awards for tips not covered under these programs.
  • "This is a good first step, but the Justice Department has miles to go in creating a whistleblower program competitive with the programs managed by the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC)," said Stephen M. Kohn , a leading whistleblower attorney at Kohn, Kohn & Colapinto .
  • "We hope that the DOJ will follow the lead of the SEC and CFTC and establish a central Whistleblower Office that can accept anonymous and confidential complaints.

BGC Group Announces CFTC Approval for FMX Futures Exchange

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月曜日, 1月 22, 2024
LCH, UST, Contract management, Treasury, BGC, CFTC, Risk, Playbook, Risk management, USD, CME, Commodity Futures Trading Commission, FMX, Cryptocurrency

NEW YORK, Jan. 22, 2024 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC), today announced that its FMX Futures Exchange received Commodity Futures Trading Commission ("CFTC") approval to operate an exchange for U.S. Treasury and SOFR futures, the most widely traded futures contracts in the world, for trading on FMX1.

Key Points: 
  • NEW YORK, Jan. 22, 2024 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC), today announced that its FMX Futures Exchange received Commodity Futures Trading Commission ("CFTC") approval to operate an exchange for U.S. Treasury and SOFR futures, the most widely traded futures contracts in the world, for trading on FMX1.
  • Howard W. Lutnick, Chairman and CEO of BGC Group, a leading global brokerage and financial technology company, said, "With this CFTC approval, we will combine our leading Fenics UST cash Treasury platform with our FMX Futures Exchange to deliver competition across the CME's U.S. interest rate complex.
  • We will execute the same playbook with our FMX Futures Exchange."
  • Robert Allen, President of FMX Futures Exchange, added, "FMX's global connectivity and vast distribution, combined with LCH's highly efficient cross-margin benefits will challenge CME's most valuable vertical, its U.S. interest rate complex.

BGC Group Announces CFTC Approval for FMX Futures Exchange

Retrieved on: 
月曜日, 1月 22, 2024
LCH, UST, Contract management, Treasury, BGC, CFTC, Risk, Playbook, Risk management, USD, CME, Commodity Futures Trading Commission, FMX, Cryptocurrency

NEW YORK, Jan. 22, 2024 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC), today announced that its FMX Futures Exchange received Commodity Futures Trading Commission ("CFTC") approval to operate an exchange for U.S. Treasury and SOFR futures, the most widely traded futures contracts in the world, for trading on FMX1.

Key Points: 
  • NEW YORK, Jan. 22, 2024 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC), today announced that its FMX Futures Exchange received Commodity Futures Trading Commission ("CFTC") approval to operate an exchange for U.S. Treasury and SOFR futures, the most widely traded futures contracts in the world, for trading on FMX1.
  • Howard W. Lutnick, Chairman and CEO of BGC Group, a leading global brokerage and financial technology company, said, "With this CFTC approval, we will combine our leading Fenics UST cash Treasury platform with our FMX Futures Exchange to deliver competition across the CME's U.S. interest rate complex.
  • We will execute the same playbook with our FMX Futures Exchange."
  • Robert Allen, President of FMX Futures Exchange, added, "FMX's global connectivity and vast distribution, combined with LCH's highly efficient cross-margin benefits will challenge CME's most valuable vertical, its U.S. interest rate complex.