CFTC-PR-8957-24 (Aug. 29, 2024) CFTC Grants Kalshi Klear LLC DCO Registration Washington, D.C. — The Commodity Futures Trading Commission announced today it has issued Kalshi Klear LLC (Kalshi) an Order of Registration as a derivatives clearing organization (DCO) under the Commodity Exchange Act (CEA). Date: Aug. 29, 2024 Accessed: Aug. 29, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8957-24 Categories: […]
Category: Companies in the News
“Companies in the News” on JCAP101.com provides updates on how various companies are interacting with regulatory authorities, including compliance issues, regulatory approvals, and legal challenges. This section highlights significant developments such as new regulations impacting specific industries, investigations into corporate practices, and the outcomes of regulatory reviews or enforcement actions. By focusing on these interactions, the platform offers insights into how regulatory changes and decisions influence corporate strategies, operations, and market performance.
CFPB-PR-240829-1 (Aug. 29, 2024) CFPB Orders NewDay USA to Pay $2.25 Million for Illegally Luring Veterans and Military Families into Cash-Out Refinance Loans – NewDay USA’s deceptive tactics came amid VA home loan “churning” scandal WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against repeat offender New Day Financial (NewDay USA) for […]
CFTC-PR-8954-24 (Aug. 29, 2024) CFTC Orders Nasdaq Futures, Inc. to Pay $22 Million for Core Principle Violations, Failing to Fully Disclose Incentives, Providing False and Misleading Information Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and settling charges against Nasdaq Futures, Inc., formerly a designated contract market (DCM). The order finds Nasdaq […]
CFTC-PR-8953-24 (Aug. 27, 2024) CFTC Orders Swiss Energy Trader to Pay $48 Million for Attempted Market Manipulation – TOTSA Attempted to Manipulate the Market for EBOB-Linked Futures Contracts Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against TOTSA TotalEnergies Trading SA, formerly known as TOTSA Total Oil Trading SA (TOTSA), for […]
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 […]
CFTC-PR-8948-24 (Aug. 21, 2024) CFTC Files Actions to Revoke Registrations of Introducing Broker, Commodity Pool Operator, and Associated Person for Violating CEA Antifraud Provisions Washington, D.C. — The Commodity Futures Trading Commission today announced it commenced actions to revoke the registrations of Purvesh Mankad, and his affiliated entities CTAX Partners, LLC and CTAX Series, LLC. Date: Aug. 21, 2024 Accessed: […]
CFPB-PR-240821-1 (Aug. 21, 2024) CFPB Takes Action Against Fay Servicing for Illegal Foreclosure Actions and Violating Law Enforcement Order – Order requires the mortgage servicer to pay $5 million in redress and penalties, and sets compensation limits on CEO Edward Fay WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today ordered Fay Servicing to pay a $2 […]
CFTC-PR-8947-24 (Aug. 20, 2024) CFTC Orders Unregistered Pool Operator and its Managing Member to Pay More than $520,000 for Fraud Violations Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Get Money Tradez LLC (GMT), and its managing member, Jeffrey Carmon, Jr. a/k/a Jeffery Carmon, Jr. (Carmon), both based in the […]
CFTC-PR-8946-24 (Aug. 19, 2024) CFTC Orders Brazilian and Swiss Sugar Companies to Pay $750,000 for Wash Sales Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against respondents Raizen Energia SA, a Brazilian energy company and sugar merchant, and Raizen Trading SA, a Swiss sugar merchant, for engaging in wash sales […]
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 […]