CFTC-PR-9027-24 (12-20-24) (CFTC-PR-2412) CFTC Approves Final Rule on Margin Adequacy, Treatment of Separate Accounts of a Customer by Futures Commission Merchants Excerpt: December 20, 2024 – WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced a final rule to implement requirements for futures commission merchants related to margin adequacy and the treatment of separate accounts […]
Category: CFTC-PR-2412
CFTC-PR-2412 – Press Releases for December, 2024 (GO)
CFTC-PR-9025-24 (12-18-24) (CFTC-PR-2412) Resolve to Spot Scams in 2025 Says a New CFTC Customer Advisory Excerpt: December 18, 2024 – WASHINGTON, D.C. — A new Commodity Futures Trading Commission customer advisory suggests adding “spotting scams” to your list of New Year’s resolutions. The Office of Customer Education and Outreach’s Avoiding Fraud May be Your Best Resolution says that with […]
CFTC-PR-9024-24 (12-17-24) (CFTC-PR-2412) CFTC Approves Final Rule Regarding Safeguarding and Investment of Customer Funds Excerpt: December 17, 2024 – WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced it approved a final rule amending the CFTC’s regulations that govern how futures commission merchants and derivatives clearing organizations safeguard and invest customer funds held for the benefit […]
CFTC-PR-9023-24 (12-17-24) (CFTC-PR-2412) CFTC Grants QC Clearing LLC DCO Registration Excerpt: December 17, 2024 – WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced it has issued QC Clearing LLC an Order of Registration as a derivatives clearing organization under the Commodity Exchange Act. QC Clearing is a limited liability company registered in Delaware […]
CFTC-PR-9021-24 (12-16-24) (CFTC-PR-2412) CFTC Commissioner Kristin N. Johnson Announces Reports and Recommendations Advanced by MRAC in 2024 Excerpt: December 16, 2024 – WASHINGTON, D.C. — The Market Risk Advisory Committee held a public meeting Dec. 10 during which the MRAC adopted three sets of recommendations for the U.S. Commodity Futures Trading Commission’s consideration. The reports […]
CFTC-PR-9020-24 (12-12-24) (CFTC-PR-2412) CFTC Staff Issues Advisory Regarding Form 304 Submission Format Beginning January 15, 2025 Excerpt: December 12, 2024 – WASHINGTON, D.C. — The Commodity Futures Trading Commission’s Division of Market Oversight today issued an advisory notifying all merchants and dealers of cotton holding or controlling positions for future delivery in cotton (traders) that beginning next […]
CFTC-PR-9019-24 (12-12-24) (CFTC-PR-2412) Federal Court Orders Minnesota Man and Two Companies to Pay Over $2 Million for Futures Fraud and Misappropriation Excerpt: December 12, 2024 – WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced the U.S. District Court for the District of Minnesota issued an order of default judgment against Richard “Rick” Miller and his company, Flip 2 […]
CFTC-PR-9017-24 (12-11-24) (CFTC-PR-2412) Los Angeles Federal Court Orders Five Individuals to Pay Over $5 Million for Digital Asset Fraud and Misappropriation Scheme Excerpt: December 11, 2024 – WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced U.S. District Court, Central District of California, issued a consent order against Marco A. Ruiz Ochoa of Nashua, New Hampshire, and an […]
CFTC-PR-9016-24 (12-11-24) (CFTC-PR-2412) Federal Court Orders North Carolina Companies and Their Owners to Pay Over $5.3 Million for Forex Fraud Excerpt: December 11, 2024 – WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced the U.S. District Court for the Western District of North Carolina issued an order for summary judgment and a permanent injunction against Storm Bryant and Elijah […]
CFTC-PR-9015-24 (12-10-24) (CFTC-PR-2412) CFTC Charges Washington State Pastor with Fraud, Misappropriation in Multilevel Marketing Scheme Targeting Hispanic Americans Excerpt: December 10, 2024 – WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced a civil enforcement action in the U.S. District Court for the Eastern District of Washington against Francier Obando Pinillo, doing business as Solanofi, Solano Partners Ltd., and Solano […]