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CFTC
Latest Headlines
Latest Headlines
Will Jon Corzine testify?
The carcass of MF Global continues to emit a rotten stench, which has now attracted a group of Congressmen bent on picking through the scat.
They have scheduled a hearing into the latest Wall Street dung-heap for Dec. 15, and they have invited the disgraced former CEO Jon Corzine, who ironical
Defining high-frequency trading
High-frequency trading has a way of staying in the news. These days, there's lots of talk about regulation on both sides of the Atlantic. The EU is expected to take up the issue and propose a series
Corzine's reach in politics was long
When Jon Corzine was hired to head MF Global, he was greeted like a rock star.
The board was ecstatic to get a former Goldman Sachs CEO and political power, albeit one who had just lost a New Jersey gubernatorial election. He was seen as a man with connections at all levels, who could indeed t
CFTC seeks widespread audits in wake of MF Global
Thanks, MF Global!
The commodities industry is not feeling a lot of warmth and fuzziness for the disgraced brokerage firm and its former CEO, Jon Corzine. The CFTC has apparently ordered every "futures commission merchants" to undergo an audit, to make sure that client money was not treated as
Can the alternatives industry live with Form PF?
In the wake of Dodd Frank, the new registration requirement for hedge funds and private equity funds generated a lot of media attention. For people in the industry, there was just as much worry about the proposed Form PF, which seemed so onerous to many as it required a slew of unprecedented discl
Regulators probe MF Global for fraud
As it so often happens, the saga of MF Global has taken a nasty turn, right into the gutter. The New York Times reports that regulators are now investigating why hundreds of millions in customer funds cannot be accounted for. The company apparently self-reported to the SEC and CFTC that concer
The big picture on SEFs
The term "swap execution facility" (SEF) still vexes a lot of financial services professionals who happen to work outside of the OTC derivatives markets.
It's an ungainly moniker--but not as bad as "dark pool" from a PR perspective--that nevertheless signifies an important development o
Complex Volcker rule proposals spawn controversy
Anything that tries to delineate proprietary trades from market-making trades and legitimate hedge trades is going to be complex.
You have to give the regulators credit for even taking this on. We're seeing the rise of the some interesting metrics and processes in terms of keeping all this str
Bank of America whistleblower claims upheld
This is all Bank of America needs right now: The Labor Department's Occupational Safety and Health Administration has determined that the troubled bank violated the whistleblower protection provisions set forth in Sarbanes Oxley by firing an employee who uncovered severe fraud at the bank's Countr
Goldman Sachs exerts itself on OTC derivatives, other CFTC issues
We noted recently that Goldman Sachs has changed its ways when it comes to regulatory issues. No longer content to sit back and adjust to regulatory realities--its historic mode of operation--it has transformed itself into a fearsome lobbying powerhouse .
In some ways, it is carrying lots o
