The explosive growth in the value of cryptocurrencies has led to overnight billionaires. As many of these cryptocurrencies have seen 10-fold growth and more, the general public is drawn to invest in unregulated cryptocurrencies. Professional traders, along with state and federal regulators, warn investors that they are purchasing unregistered securities on exchanges.
The U.S. Commodity Futures Trading Commission (CFTC) unanimously approved amendments to the CFTC’s Whistleblower Rules that will, among other things, strengthen the CFTC’s anti-retaliation protections for whistleblowers and enhance the process for reviewing whistleblower claims.
Remarks of Acting Chairman J. Christopher Giancarlo before the International Swaps and Derivatives Association 32nd Annual Meeting in Lisbon, Portugal: Changing Swaps Trading Liquidity, Market Fragmentation and Regulatory Comity in Post-Reform Global Swaps Markets
JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon devoted one-third of his annual shareholder letter to arguments for changing regulations, particularly those on bank capital and liquidity, as well as home mortgage loan financing.
The annual International Futures Industry conference in Boca Raton, Fla. highlighted what the industry hopes to be a return of balance on the regulatory front. FIA President and CEO Walt Lukken, in his opening remarks, talked about how the pendulum had swung too far in the direction of proscriptive rules since the 2008 credit crisis thanks in part to the 22,000 separate Dodd-Frank Act rules, and that it was time for balance. Lukken said that the industry’s innovative muscles had atrophied due to the deluge of regulations and that it was time “to get back to the gym.”
In response to the executive order issued today by the White House that directed the Treasury Secretary to conduct a 120-day review of financial system regulation, FIA released the following statement from FIA President and CEO Walt Lukken.
We find ourselves in a very different position than eight years ago when President Obama was about to take office. In January of 2009, the world was in the depths of the worst financial crisis since the Great Depression. Financial institutions across the globe were on the brink of collapse.
Jon Corzine, former New Jersey governor and Goldman Sachs (GS.N) co-chairman, will pay a $5 million civil fine to settle a U.S. regulator's lawsuit over the 2011 collapse of his commodity brokerage, MF Global Holdings Ltd.
NFA announced today that its Board of Directors appointed Thomas Sexton, to serve as NFA's President and CEO, effective March 1, 2017. Daniel Roth, NFA's President and CEO, announced his retirement in May 2016.
On Friday, House Agriculture Committee Chairman K. Michael Conaway sent a letter to U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad requesting he not move forward on any controversial regulations during the final months of President Obama’s administration.