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The Commodity Futures Trading Commission updates its Enforcement Manual

Civil Monetary Penalty Guidance On May 28, 2020 James McDonald, Director of Enforcement at the Commodity Futures Trading Commission (CFTC) gave a speech at the Futures Industry Association addressing the issues of penalties and penalty guidance, following up on a memo to staff (see here). This marked the first time in 25 years the CFTC … Read more The Commodity Futures Trading Commission updates its Enforcement Manual

New Position Limit Proposal

Overview Ten years after the passing of the Wall Street Accountability Act a.k.a. Dodd Frank the Commodity Futures Trading Commission (CFTC) held a public meeting yesterday to bring forth the fifth attempt at proposing a position limit rule. Over the last 10 years the CFTC has attempted four position limit proposals. In 2011 one proposal … Read more New Position Limit Proposal

CFTC charges a French national with manipulation

On December 20, 2019 the Commodity Futures Trading Commission (CFTC) charged French national Christophe Rivoire with manipulation of U.S. dollar interest rate basis swaps during June and July of 2012. Mr. Rivoire was the former head of HSBC Holdings Plc’s North American interest rates business working in the Bank’s office in Manhattan. The complaint filed … Read more CFTC charges a French national with manipulation