CFTC-PR-8958-24 (Aug. 29, 2024) CFTC Awards Over $4 Million to Insider Whistleblower Washington, D.C. — The Commodity Futures Trading Commission today announced it awarded over $4 million to an insider whistleblower who provided information that led the Division of Enforcement (DOE) to open an investigation into ongoing misconduct. The whistleblower shared knowledge about the complex products and transactions involved […]
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The CFTC, the Federal regulatory agency for futures trading, was established by the Commodity Futures Trading Commission Act of 1974. The Commission began operation in April 1975, and its authority to regulate futures trading was renewed by Congress in 1978, 1982, 1986, 1992, 1995, and 2000.
The mission of this agency is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity futures and options, and to foster open, competitive, and financially sound commodity futures and option markets.
The Commission consists of five Commissioners who are appointed by the President, with the advice and consent of the Senate. One Commissioner is designated by the President to serve as Chairman. The Commissioners serve staggered 5-year terms, and by law no more than three Commissioners can belong to the same political party.
The Registration Deficient (ReD List),contains names of foreign entities that appear to be acting in a capacity that requires registration with the CFTC, but they are NOT registered with the CFTC.
The inclusion of an entity’s name on the ReD List does not mean that the CFTC or a court has concluded that a violation of any provision of the Commodity Exchange Act or the Commission’s Regulations has occurred. However, you should be cautious of unregistered firms or individuals when participating in products or markets that historically have seen a large number of fraud complaints — these include binary options, forex, digital currencies (cryptocurrencies), commodity pools, and precious metals.
The ReD List is developed from tips and leads from the public or other sources. Help CFTC protect other traders. If you have a ReD List lead, send CFTC the web address at: consumers@cftc.gov.
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: […]
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-8955-24 (Aug. 29, 2024) CFTC Staff Extends Brexit-Related No-Action Positions Washington, D.C. — The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) and Market Participants Division (MPD) announced today they are extending temporary no-action positions in connection with the withdrawal of the United Kingdom (UK) from the European Union (EU), known as Brexit. [See CFTC […]
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-8950-24 (Aug. 26, 2024) CFTC Orders Wisconsin Man to Pay Civil Monetary Penalty for Acting as an Unregistered Commodity Trading Advisor. The Commodity Futures Trading Commission today announced it entered an order requiring Mark Hendershott, located in Wisconsin, to pay a $75,000 civil monetary penalty for acting as an unregistered commodity trading advisor (CTA). Date: Aug. […]
CFTC-PR-8952-24 (Aug. 26, 2024) CFTC to Host a Career Forum for Law School Students – Registration Opens Today for September 25 Event and Features Chair of the New York Stock Exchange Sharon Bowen Washington, D.C. — The Commodity Futures Trading Commission will host an in-person Career Forum for law school students and recent J.D. graduates on Wednesday, […]
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-8949-24 (Aug. 23, 2024) CFTC Staff Issues No-Action Letter for EU-Based and UK-Based DCOs Regarding Certain Requirements Applicable to DCOs Washington, D.C. — The Commodity Futures Trading Commission’s Division of Clearing and Risk (DCR) today issued a no-action letter to address the applicability of certain CFTC regulations to registered derivatives clearing organizations (DCOs) based in either […]
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: […]