cftc
FTX ordered to pay $12.7B to customers after Sam Bankman-Fried's massive fraud
In March, FTX founder Sam Bankman-Fried was sentenced to 25 years in pri꧒son for stealing $8 billion from customers.
Gold𓂃man Sachs faces probe over fees charged for futures t🎀rading: report
Regulators privately authorized sending subpoenas to Goldman for information about fee𓆏s charged for some futur♏es block trades, Bloomberg reported.
Our Alp🌺habet Soup regulatory overlords are finally (sort of) cracking down on shady trades
The recent moves to observe and take acti💃on are a s🌄mall step in the right direction.
Here's how two Senators want to regulate cryptocurrencies
Sens. Kirsten Gillibrand and Cynthia Lummis introduced the first major bipartisan proposal for 🍌cryptocurrency regulation on Tuesday with a bill that is largely friendly to the industry. 𒀰
ꦅ $127B stablecoin 𒅌industry should be regulated like banks, Treasury says
The 🦹report recommends Congress pass a legislative framework that would make stablecoins subject to rules most financial institutions comply with.
Top US commodities cop challenges SEC's authority to regulate bitcoin
✱ On Wednesday, acting chair of the CFTC Rostin Behnam argued with the Senate Agriculture Committee that the CFTC shoꩵuld have jurisdiction over the $2 trillion cryptocurrency market.
Fed𓄧s award JPMorga🌳n Chase whistleblower a record $30M
Call him the $78 million man. A Florida finan💧cial♓ investigator is getting a cool $30 million from a federal commodities regulator for blowing the whistle on a conflict of interest...
Feds charge eight individuals, three banks in 'spoofing’ probe
Federal regulators and law enforcemen𝓀t officials on Monday fined three European banks — and arrested eight traders — for “spoofing.” “Shall we spoof,” one boneheaded trader asked another in a...
Regulator hits a൲nother virtual currenc🃏y operator with fraud charges
The US derivatives watchdog on Wednesday said it has charge𒁃d My Big Coin Pay and two men over alleged fraud and misappropriation as part of an ongoing virtual currency scam,... ꦍ
🍎 Feds sue three crypt🍰ocurrency operators for fraud
The federal derivatives watchdog said on Friday 𝓀that it has filed charges against three separate virtual currency operators alleging the defendants had defrauded customers and broken other commodity 𒐪trading rules,...
CFTC will use South Bronx 🅘tactics in white-collar probes
To crack down on white-collar crime, the director of enforcement at the Commodity Futures Trading Commission꧂ is bringing tactics he learned 🌳as a criminal prosecutor in the South Bronx. The...
Quant fund is c🍸oncerned about ཧCFTC getting its software code
Re🐻naissance Techn🅷ologies, the $65 billion hedge fund, is pushing back against federal regulators’ interest in highly-technical trading software out of concern that their source code wouldn’t be secure in the...
Citigroup pays $425M for rigginﷺg two benchmark rates ♐
For Citigroup,✤ the rig is up. Michael Corbat’s bank paid a government regulator $425 million on Wednesday for rigging two crucial benchmark rates — in the l🐈atest in the wide-ranging...
JPMorgan fined $300ওM for failing to discl♈ose conflicts
JPMorgan Chase is paying more than $300 million to settle allegations that it failed to tell clients that it favored ಞits own pricier mutual funds and other investme𒐪nt products at...
ཧ Scott O’Malia’🅷s lobbying lulu of a claim
𝕴 An ex-top financial regulator swears he won’t lobby his ol🍰d colleagues — but that doesn’t mean he can’t work around them. Scott O’Malia, the new chief executive officer of the...
Top regulator opposed new bank regs while job hunting♍
A former top regulator at the Commodities Futur🐓es Trading Commission was allowed to weigh in on controversial rules for big banks — even after he alerted ethics officers at the... ꧃
💦 CFT﷽C regulator Scott O’Malia ‘defecting’ to lobbying group
It’s another spin through the revolving door. Scott O’Malia, one of the longest-serving and m♛ost influential US financial regulators, was negotiating with a powerful bank-funded lobbying group for its CEO...
Banks to s✨ue over ne🐬w CFTC rules
Big banks are biting back at a Wall Street w♒atchdog. JPMorgan Chase, Goldman Sachs and other financial firms — fuming over far-reaching new rules passed in the wake of the...
CFTC's Bart Chilton to step down
🐬 Maybe it’s the agency that’s not such a hot commodity. Outspoken Wall Street critic Bart Chilton is leaving the Commodity Futures Trading Commission at the end of the year, marking...