CFTC-PR-8951-24 (Aug. 26, 2024) CFTC Orders The Bank of New York Mellon to Pay $5 Million for Swap Reporting and Supervision Failures and Violation of a Prior CFTC Order Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges with The Bank of New York Mellon (BNYM) for repeatedly failing to […]
Category: Supervision
In the financial sector, required Supervision involves stringent oversight to ensure compliance with regulatory standards, protect against financial misconduct, and maintain market integrity. This supervision encompasses monitoring financial transactions, auditing practices, and ensuring adherence to legal requirements and ethical guidelines. It involves both internal controls, such as risk management and compliance procedures within financial institutions, and external oversight by regulatory bodies that enforce rules and conduct examinations. Effective supervision in this sector is crucial for preventing fraud, safeguarding investor interests, and ensuring the stability and trustworthiness of financial markets.
CFTC-PR-8945-24 (Aug. 14, 2024) CFTC Orders Truist Bank to Pay $3 Million Penalty and Remediate Recordkeeping and Supervision Failures Relating to Widespread Use of Unapproved Communications Methods. Truist Receives Substantially Reduced Penalty for Self-Reporting to the Division of Enforcement Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against […]
CFTC-PR-8943-24 (Aug. 14, 2024) CFTC Orders TD Bank and Cowen to Pay Civil Monetary Penalties for Recordkeeping and Supervision Failures for Firm-Wide Use of Unapproved Communication Methods Washington, D.C. — The Commodity Futures Trading Commission today issued two orders simultaneously filing and settling charges against The Toronto Dominion Bank (TD Bank), a swap dealer, and against Cowen and Company (Cowen), […]
CFTC-PR-8944-24 (Aug. 14, 2024) CFTC Orders TD Bank to Pay $4 Million for Supervision Failures Impacting its Electronic Communications Surveillance System Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against The Toronto Dominion Bank (TD Bank), a registered swap dealer, for failing to diligently supervise activities related to its […]
File ID: CFTC-PR-8914-24 Date: May 23, 2024 Accessed: June 21, 2024 Headline: CFTC Orders J.P. Morgan to Pay $200 Million for Supervision Failures. CFTC Finds J.P. Morgan Failed to Surveil Billions of Client Orders on a U.S. Designated Contract Market. Source: https://www.cftc.gov/PressRoom/PressReleases/8914-24 Categories: FUTURE COMMISSION MERCHANT (FCM) SWAP DEALER SUPERVISION FAILURES CFTC-PR-8914-24 – Viewer: ▼▼▼ (Download PDF […]
CFTC-PR-8886-24 Commodity Futures Trading Commission Orders Australian Swap Dealer to Pay $500,000 for Supervision Failures Date: Apr. 2, 2024 Date Accessed: Aug. 1, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8886-24 Categories: CFTC-2404 SUPERVISION FAILURES SWAP DEALERS AUSTRALIA & NEW ZEALAND BANKING GROUP LTD PDF Notes: The PDF viewer below disables the links inside the PDF file. The PDF file may […]
CFTC-PR-8880-24 CFTC Orders U.S. Bank to Pay $6 Million and Oppenheimer to Pay $1 Million for Recordkeeping and Supervision Failures for Firm-Wide Use of Unapproved Communication Methods Date: Mar. 19, 2024 Date Accessed: Aug. 1, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8880-24 Categories: CFTC-2403 Introducing Brokers Recordkeeping Failures Supervision Failures Swap Dealers Unapproved Communications OPPENHEIMER & CO. INC. […]