Category: CFTC-2408

CFTC-2408 – Commodity Futures Trading Commission

Press Releases and other Announcements

for the Month of August, 2024

CFTC-PR-8958-24

Categories CFTC CFTC-24 CFTC-2408 Federal News Sources Whistleblower Rewards

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 in the misconduct.

CFTC News Release - CFTC-PR-8958-24

PR-8958-24

Date: Aug. 29, 2024

Accessed: Aug. 29, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8958-24

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CFTC-PR-8958-24

CFTC-PR-8957-24

Categories CFTC CFTC-24 CFTC-2408 Companies in the News Derivatives Clearing Organization Federal News Sources Kalshi Klear LLC

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).

CFTC News Release - CFTC-PR-8957-24

PR-8957-24

Date: Aug. 29, 2024

Accessed: Aug. 29, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8957-24

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CFTC-PR-8957-24

CFTC-PR-8954-24

Categories CFTC CFTC-24 CFTC-2408 Companies in the News Core Principle Violations Federal News Sources Nasdaq Futures Inc.

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 Futures, Inc. failed to properly establish, monitor, or enforce rules related to an incentive program Nasdaq Futures, Inc. offered to certain traders on its DCM. The order also finds Nasdaq Futures, Inc. did not fully disclose this incentive program’s details to the CFTC or the public consistent with the requirements of the Commodity Exchange Act (CEA) and Commission Regulations. In addition, the order finds Nasdaq Futures, Inc. made false and misleading statements to the CFTC regarding the incentive program. The order requires Nasdaq Futures, Inc. to pay a $22 million civil monetary penalty. 

CFTC News Release - CFTC-PR-8954-24

CFTC-PR-8954-24

Date: Aug. 29, 2024

Accessed: Aug. 29, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8954-24

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CFTC-PR-8954-24

CFTC-PR-8955-24

Agency No-Action Position Categories CFTC CFTC-24 CFTC-2408 Federal News Sources

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 Staff Letter 24-11]

CFTC News Release - CFTC-PR-8955-24

PR-8955-24

Date: Aug. 29, 2024

Accessed: Aug. 29, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8955-24

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CFTC-PR-8955-24

CFTC-PR-8953-24

Categories CFTC CFTC-24 CFTC-2408 Companies in the News Federal News Sources Market Manipulation TOTSA TotalEnergies Trading SA

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 attempting to manipulate the market for EBOB-linked futures contracts in order to benefit its derivatives positions in violation of the Commodity Exchange Act (CEA) and CFTC regulations. TOTSA is not registered with the CFTC.

CFPB News Release - CFTC-PR-8953-24

PR-8953-24

Date: Aug. 27, 2024

Accessed: Aug. 27, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8953-24

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CFTC-PR-8953-24

CFTC-PR-8950-24

Categories CFTC CFTC-24 CFTC-2408 Commodity Trading Advisors Federal News Sources Registration Failures

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).

CFPB News Release - CFTC-PR-8950-24

PR-8950-24

Date: Aug. 26, 2024

Accessed: Aug. 26, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8950-24

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CFTC-PR-8950-24

CFTC-PR-8952-24

Agency Career Forums Categories CFTC CFTC-24 CFTC-2408 Federal News Sources

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, September 25, 2024. This event will feature a fireside chat with Sharon Bowen, former CFTC Commissioner and current Chair of the New York Stock Exchange, alongside CFTC Chairman Rostin Behnam.

CFPB News Release - CFTC-PR-8952-24

PR-8952-24

Date: Aug. 26, 2024

Accessed: Aug. 27, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8952-24

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CFTC-PR-8952-24

CFTC-PR-8951-24

Bank of New York Mellon Categories CFTC CFTC-24 CFTC-2408 Companies in the News Federal News Sources Supervision Swap Dealers Swap Reporting Failures

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 correctly report millions of swap transactions to a registered swap data repository, in violation of a prior CFTC order against BNYM, and for failing to properly supervise its swap dealer business as required by the Commodity Exchange Act (CEA) and CFTC regulations.

CFPB News Release - CFTC-PR-8951-24

PR-8951-24

Date: Aug. 26, 2024

Accessed: Aug. 27, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8951-24

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CFTC-PR-8951-24

CFTC-PR-8949-24

Agency No-Action Letter Categories CFTC CFTC-24 CFTC-2408 Derivatives Clearing Organization Federal News Sources

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 the European Union (EU) or the United Kingdom (UK).

CFPB News Release - CFTC-PR-8949-24

PR-8949-24

Date: Aug. 23, 2024

Accessed: Aug. 26, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8949-24

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CFTC-PR-8949-24

CFTC-PR-8948-24

Categories CFTC CFTC-24 CFTC-2408 Commodity Pool Operators Companies in the News CTAX Partners LLC CTAX Series LLC Federal News Sources Introducing Brokers Registration Revocations

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.

CFPB News Release - CFTC-PR-8948-24

PR-8948-24

Date: Aug. 21, 2024

Accessed: Aug. 26, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8948-24

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CFTC-PR-8948-24-1