Commodity Futures Trading Commission

Whistleblower Attorneys Offer Detailed Recommendations for DOJ Whistleblower Award Program

Retrieved on: 
Monday, March 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

Retrieved on: 
Tuesday, April 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

Retrieved on: 
Monday, March 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

Retrieved on: 
Thursday, March 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

Retrieved on: 
Monday, January 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: 
Monday, January 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.

The Fifth Annual Milken Institute Middle East and Africa Summit Returns to Abu Dhabi

Retrieved on: 
Thursday, December 7, 2023
Professional Services, Environmental Policy, Business, Environmental Issues, Sustainability, Destinations, Travel, Environment, Biotechnology, Tourist Attractions, Health, Environmental, Social and Governance (ESG), Consulting, Bridgewater Associates, United Nations Security Council, Organization, Investment management, Bangladesh Technical Education Board, Citigroup, Investment, Next wave, COP28, Milken Institute, Ageing, Commodity Futures Trading Commission, Government, UBS, International Energy Forum, Mubadala Investment Company, Former, Research, Islamic studies, UBS AG, Energy, NEOM, New Tech High School, Longevity, Complexity, Contract management, Senior advisor, City, Growth, Dubai Holding, Naval Ravikant, Multilateralism, Columbia University, AngelList, COP, Beyond Boundaries, National security council, MEA, Collaboration, Renewable energy, Future

The Milken Institute’s fifth annual Middle East and Africa (MEA) Summit will take place December 7-8, 2023 at the Rosewood Hotel Abu Dhabi.

Key Points: 
  • The Milken Institute’s fifth annual Middle East and Africa (MEA) Summit will take place December 7-8, 2023 at the Rosewood Hotel Abu Dhabi.
  • "This year’s Middle East and Africa Summit will focus on solutions to some of the challenges in the region that have global import," said Richard Ditizio , CEO of the Milken Institute.
  • The Milken Institute has a long-standing commitment to advancing solutions to global issues, and the MEA Summit is a testament to that commitment.
  • The Milken Institute will live-stream the Middle East and Africa Summit public sessions, expanding access to the event.

Bitnomial Becomes First Crypto-Native Exchange to be Granted Full Set of CFTC Derivatives Licenses

Retrieved on: 
Wednesday, December 13, 2023
CFTC, ETF, DCM, Commodity Futures Trading Commission, Associate, USD, FCM, Treasury, DCR, Franklin Templeton Investments, Commissioner, Growth, RRE Ventures, DCO, Environment, Cryptocurrency, Bitcoin

CHICAGO, Dec. 13, 2023 /PRNewswire/ -- Bitnomial, a US-regulated digital asset derivatives exchange, today was granted a US clearinghouse license to clear margined digital asset futures and options trades, making it the first and only crypto-native exchange with a full set of US derivatives exchange, clearinghouse, and broker licenses. Moreover, Bitnomial is the only US exchange with margined, physically delivered digital asset derivatives, meaning customers can receive actual ownership of digital assets on a leveraged basis rather than just a cash payout at settlement.

Key Points: 
  • CHICAGO, Dec. 13, 2023 /PRNewswire/ -- Bitnomial, a US-regulated digital asset derivatives exchange, today was granted a US clearinghouse license to clear margined digital asset futures and options trades, making it the first and only crypto-native exchange with a full set of US derivatives exchange, clearinghouse, and broker licenses.
  • The license was approved by four to one vote at the CFTC December Open Meeting today.
  • This diverse group of investors demonstrates support for a fully CFTC regulated digital asset derivatives venue from both traditional finance and crypto-native investors.
  • Hoersten concluded, "We would like to thank CFTC Chairman Behnam, the Commissioners, and especially CFTC DCR staff for their coordination and hard work throughout the licensing process.

S&P Global Market Intelligence Releases Annual Global Regulatory Reporting Survey Findings

Retrieved on: 
Wednesday, December 6, 2023
CFTC, Machine learning, S, Money, Commodity Futures Trading Commission, Artificial intelligence, Investment, ASIC, UTI, Automation, S&P Global, MAS, Contract management, JFSA, EMIR, TEL, AI, Australian securities law, Face, Audit, Financial adviser

NEW YORK and LONDON and TEL AVIV, Israel, Dec. 6, 2023 /PRNewswire/ -- S&P Global Market Intelligence today released the findings of its annual Global Regulatory Reporting Survey, which revealed that resourcing and data quality management are the main barriers to effective, accurate and cost-effective transaction regulatory reporting.

Key Points: 
  • NEW YORK and LONDON and TEL AVIV, Israel, Dec. 6, 2023 /PRNewswire/ -- S&P Global Market Intelligence today released the findings of its annual Global Regulatory Reporting Survey, which revealed that resourcing and data quality management are the main barriers to effective, accurate and cost-effective transaction regulatory reporting.
  • Conducted by S&P Global Market Intelligence Cappitech, the survey found that fewer than half of respondents in the survey believe their firm are appropriately resourced, even when most firms have obligations in multiple jurisdictions.
  • Struan Lloyd, Head of Cappitech at S&P Global Market Intelligence, said: "Ultimately, good data drives effective regulatory reporting and firms need the right tools and resources to achieve this.
  • The report also highlights that the market is more prepared for the swathe of regulatory changes coming in 2024 than for any previous regulatory reporting changes.

Dodd-Frank Whistleblower Programs Have Awarded Over $2 Billion to Whistleblowers, According to Kohn, Kohn & Colapinto Indexes

Retrieved on: 
Friday, November 17, 2023
CFTC, Contract management, Kohn, Kohn & Colapinto, Commodity Futures Trading Commission, Government, Congress, Colapinto, Security (finance), Financial adviser, Pharmaceutical industry

WASHINGTON, Nov. 17, 2023 /PRNewswire/ -- Combined, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have awarded more than $2 billion to whistleblowers. The agencies' whistleblower programs, which were created alongside each other with the passage of the Dodd-Frank Act in 2010, passed the $2 billion threshold during the 2023 Fiscal Year.

Key Points: 
  • The agencies' whistleblower programs, which were created alongside each other with the passage of the Dodd-Frank Act in 2010, passed the $2 billion threshold during the 2023 Fiscal Year.
  • "Passing the $2 billion threshold in whistleblower awards is a major milestone for the Dodd-Frank whistleblower programs and a testament to how they have revolutionized the enforcement of white-collar crime," said whistleblower attorney Stephen M. Kohn of Kohn, Kohn & Colapinto .
  • Earlier this year, Kohn, Kohn & Colapinto launched indexes tracking all the award orders issued by both the SEC and the CFTC.
  • The CFTC has awarded approximately $365 million to whistleblowers and the SEC has awarded approximately $1.9 billion .