Houston-based Asset Risk Management LLC (ARM) was charged with failing to register as a swap execution facility (SEF) and ordered by the Commodity Futures Trading Commission (CFTC) to pay a $200,000 penalty. ARM was ordered to cease and desist from any further violations of the Commodity Exchange Act (CEA) and regulations. “Failing to register as…
Cftc
Articles from Cftc
Former Natural Gas Trader’s Fraud Cost Commodities Firm $100M, Says CFTC
The Commodity Futures Trading Commission (CFTC) has charged a former natural gas head trader in Houston with fraudulently mismarking futures and physical trades in order to conceal losses that ultimately cost the commodities-trading company where he worked more than $100 million.
U.S. LNG Export Growth Could Expose Domestic Market to Higher Prices, Global Risk
The United States is poised to become one of the largest exporters of liquefied natural gas (LNG) in the next 20 years, sending out as much as 19 Bcf/d by some estimates, thanks to robust production in a post-shale era.
CFTC Extends $8B Swap De Minimis Threshold Through 2019
The $8 billion swap dealer de minimis threshold adopted by the Commodity Futures Trading Commission (CFTC) five years ago will remain in place until at least the end of 2019, following a CFTC vote Thursday.
CFTC to Delay De Minimis Decision Another Year, Giancarlo Says
Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo said Wednesday he will request the regulatory agency postpone a decision on the de minimis threshold by a year, effectively delaying implementation until the end of 2018.
CFTC Revising Swaps Rules to Fix ‘Flawed’ Regulatory Reform, Giancarlo Says
The U.S. Commodity Futures Trading Commission (CFTC) will pursue a reform of swaps trading rules “to fix flawed implementation of regulatory reform,” Chairman J. Christopher Giancarlo told a global forum for derivatives markets in Switzerland last week.
CFTC Crumbling; Bowen’s Resignation Will Leave One Commissioner
Sharon Bowen, who has been a member of the U.S. Commodity Futures Trading Commission (CFTC) since 2014 and whose term isn’t due to expire until June 2019, announced Tuesday that she will resign her position “within the next few months, or perhaps sooner if another nominee is confirmed.”
FERC Seeks 15.2% Increase, CFTC 12.6% in Trump’s FY2018 Budget; Dodd-Frank Revamped
Two federal regulatory agencies key to the natural gas and oil industry, FERC and the Commodity Futures Trading Commission (CFTC), are seeking double-digit percentage increases to their appropriations in the Trump administration’s $4.1 trillion budget proposal.
Trump to Nominate Former Fund Manager Brian Quintenz to CFTC
President Trump intends to nominate Brian Quintenz, a former head of a Washington-based investment firm, to be a commissioner of the Commodity Futures Trading Commission (CFTC) for the remainder of a five-year term expiring April 13, 2020, the White House said Friday.
Former CFTC Head Says Regulatory Streamlining Ahead: ‘Too Many Regulators’
Commodities and securities regulation under the Trump administration will be more open to market participants with less “gotcha stuff” to trip them up, speakers at a Houston conference heard last week.