Here is our updated “Who Does What…. ” publication. Ernest E. Badway – Who Does What: Broker Dealers | Registered Investment Advisers | Commodities/Futures Entities – Updated 2023 (foxrothschild.com)
Continue Reading Updated 2023– Who Does What: Broker Dealers | Registered Investment Advisers | Commodities/Futures EntitiesThis week, the CFTC approved a NFA Interpretative Notice that prohibits a Member from accepting credit card payments from customers to fund retail forex accounts. The NFA recently reviewed how
Continue Reading NFA Prohibits Funding of Retail Forex Accounts With Credit Cards
Suspicious Activity Reports (SARs) have been a useful tool for financial institutions to report financial fraud while, at the same time, prohibiting the reporting institution from disclosing the existence of
Continue Reading Suspicious Activity Reports, FCMs and IBs, Is That A Marriage Made In Heaven
In the wake of several high profile failures of futures market participants, the NFA and others recently completed a study of how customer asset protection insurance (“CAPI”) would work in
Continue Reading NFA Studies Insuring Customer Segregated Accounts
In another example of regulators struggling with the general mandates of the Dodd-Frank Act, the CFTC was forced to delay a vote on establishing trading platforms for swaps. The new
Its not often I write about criminal cases but this is one that all executives in the commodities industry need to know about. In Brooks v. United States, 681
Continue Reading Energy Executives Convicted Of Sending False Reports To Industry Newsletters
The NFA recently announced that it would provide a limited time relief to Bylaw 1101’s prohibition for members transacting business with unregistered persons. NFA Bylaw 1101 prohibits an NFA
Continue Reading NFA Relaxes Certain Member Policing Requirements – For Now
By October 1, 2012, FCMs that are regulated by a U.S. prudential regulator or are also registrants of the SEC must have a designated Chief Compliance Officer under CFTC Regulation
Continue Reading Certain FCMs Will Soon Be Required To Have Chief Compliance Officers
As we previously reported, the CFTC issued new regulations eliminating the exemption from registration available to CPOs that offered funds solely to sophisticated investors pursuant to Regulation 4.13(a)(4). For more
Continue Reading NFA Issues Guidance to CPOs Regarding Exemptions Under Regulation 4.13(a)(4)
The Board of Governors of the Federal Reserve, the SEC and the CFTC jointly confirmed recently that entities subject to the Volcker Rule would the have the full two year