Category: SUPERVISION FAILURES

Supervision Failures occur when individuals or entities responsible for overseeing activities or operations neglect to adequately monitor, manage, or enforce compliance with established policies, regulations, or standards. These failures can lead to various consequences such as financial losses, legal liabilities, reputational damage, and compromised operational effectiveness. Without effective supervision, organizations may face risks related to misconduct, fraud, operational errors, or breaches of ethical conduct. It’s crucial for supervisors to maintain proactive oversight, ensure adherence to policies and procedures, address emerging risks promptly, and foster a culture of accountability to mitigate the potential impacts of supervision failures on organizational integrity and performance.

CFTC-PR-8914-24

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

File ID:  CFTC-PR-8886-24 Date:  April 2, 2024 Accessed:  June 16, 2024 Headline:  Commodity Futures Trading Commission Orders Australian Swap Dealer to Pay $500,000 for Supervision Failures. Source:  https://www.cftc.gov/PressRoom/PressReleases/8886-24 Categories: SUPERVISION FAILURES SWAP DEALERS CFTC-PR-8886-24 – Viewer: ▼▼▼ (Download PDF File )

CFTC-PR-8880-24

File ID: CFTC-PR-8880-24 Date: March 19, 2024 Accessed: June 15, 2024 Headline:  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. Source:  https://www.cftc.gov/PressRoom/PressReleases/8880-24 Categories: INTRODUCING BROKERS RECORDKEEPING FAILURES SUPERVISION FAILURES SWAP DEALERS UNAPPROVED COMMUNICATION METHODS CFTC-PR-8880-24 – Viewer: ▼▼▼ […]