U.S. Commodity Futures Trading Commission (CFTC)
Recent News About U.S. Commodity Futures Trading Commission (CFTC)
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Commissioner Goldsmith Romero to Speak at the World Economic Forum’s Industry Strategy Meeting 2024
Commissioner Christy Goldsmith Romero has been confirmed as a speaker at the World Economic Forum’s Industry Strategy Meeting 2024. The event is scheduled to take place on Wednesday, May 8, 2024, from 8:15 a.m. to 11:15 a.m. (EDT) at the Deutsche Bank Center in New York, NY. The announcement of Commissioner Goldsmith Romero's participation in the prestigious event was made recently, generating anticipation and interest among attendees and industry professionals. The Industry Strategy Meeting organized by the World Economic Forum is known for bringing together key figures...
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Commissioner Goldsmith Romero to Participate on a Responsible Artificial Intelligence (AI) Panel at the North American Securities Administrators Association’s 2024 Public Policy Symposium
Commissioner Christy Goldsmith Romero will participate on a Responsible AI panel at the North American Securities Administrators Association’s (NASAA) 2024 Public Policy Symposium that explores the opportunities and challenges faced by policy makers, regulators, regulated financial institutions, investors, and customers. The panel discussion is scheduled to take place on Tuesday, May 7, 2024, from 2:00 p.m. to 3:00 p.m. (EDT) at the InterContinental Washington, D.C. - The Wharf located at 801 Wharf Street, SW, Washington, DC 20024.This event aims to delve into the growing...
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Commissioner Pham to Speak on NCUA Panel for AANHPI Heritage Month
Commissioner Caroline D. Pham is set to participate in a panel discussion as part of the AANHPI Heritage Month celebrations. The event, titled “A Conversation with AANHPI Financial Regulatory Leaders on Their Inspirational Career Journey,” will be hosted by the National Credit Union Administration on May 7, 2024, at 1:00 p.m. (EDT).The panel discussion, which will be held as a virtual event, aims to highlight the career journeys and experiences of AANHPI financial regulatory leaders. Commissioner Pham's participation underscores the importance of recognizing and...
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Chairman Behnam to Participate in a Fireside Chat at the 27th Annual Milken Institute Global Conference
Chairman Rostin Behnam is set to take part in a Fireside Chat at the 27th Annual Milken Institute Global Conference. The event is scheduled for Monday, May 6, 2024, from 11:30 a.m. to 11:50 a.m. (PT) and 2:30 p.m. to 2:50 p.m. (ET) at The Beverly Hilton in Beverly Hills, CA.Expressing his anticipation for the event, Chairman Behnam stated, "I am honored to participate in this Fireside Chat at the 27th Annual Milken Institute Global Conference."The conference, under the theme "Milken Institute Global Conference 2024: Shaping a Shared Future," is expected to bring...
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CFTC to Hold a Commission Open Meeting May 10
Washington, D.C. — Commodity Futures Trading Commission Chairman Rostin Behnam has revealed that the Commission is scheduled to convene an open meeting on Friday, May 10 at 10:00 a.m. (EDT) at the CFTC’s headquarters in Washington, D.C.The meeting, set to take place at the CFTC Headquarters Conference Center, located at Three Lafayette Centre, 1155 21st Street N.W., Washington, D.C. 20581, will focus on the consideration of the Proposed Rule regarding Event Contracts.Individuals interested in participating in the meeting have the option to attend in person, listen by...
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Commissioner Pham to Deliver Keynote at Rutgers Law School Fintech and Blockchain Symposium
Commissioner Caroline D. Pham is set to deliver a keynote address at the upcoming Fintech and Blockchain Symposium hosted by Rutgers Law School’s Blockchain and Fintech Program and Sidley Austin LLP. The event is scheduled for Friday, May 3, 2024, at 1:30 p.m. (EDT) at the Sidley Austin LLP office located at 787 7th Ave, New York, NY 10019.The symposium aims to bring together experts and professionals in the fintech and blockchain industries to discuss the latest trends, challenges, and opportunities in the field. Commissioner Pham's participation as a keynote speaker...
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Commissioner Johnson to Give Remarks at Fintech and Blockchain Symposium in New York
Commissioner Kristin N. Johnson is set to give remarks and participate in a fireside chat at the 2024 Fintech and Blockchain Symposium. The event is being co-hosted by Rutgers Law School’s Center for Blockchain and Fintech and Sidley Austin LLP.The symposium will take place on May 3, 2024, starting at 10:45 a.m. (ET) at Sidley Austin LLP, located at 787 Seventh Avenue, New York, New York 10019.This event provides an opportunity for industry professionals, academics, and enthusiasts to gather and discuss the latest trends and developments in the fintech and blockchain...
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Technology Advisory Committee Issues Report on Responsible AI in Financial Markets
Washington, D.C. — The Commodity Futures Trading Commission’s Technology Advisory Committee (TAC), sponsored by Commissioner Christy Goldsmith Romero, recently released a Report on Responsible AI in Financial Markets. The TAC, comprised of esteemed experts in AI, made five recommendations to the Commission on how to approach the evolving landscape of AI in financial markets.Commissioner Goldsmith Romero praised the Committee's approach and emphasized the importance of responsible AI practices in safeguarding financial markets. She highlighted the significance of...
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CFTC Technology Advisory Committee to Host "AI Day" on May 2
Washington, D.C. — In a recent announcement, Commissioner Christy Goldsmith Romero revealed plans for an upcoming event titled "AI Day" to be hosted at the Commodity Futures Trading Commission’s Technology Advisory Committee (TAC) meeting on May 2, 2024. The event will be held at the CFTC’s Washington, D.C. headquarters and is open to the public, either in person or through a live webcast on CFTC.gov."AI Day will take place from 1:00 p.m. to 4:00 p.m. (EDT)," stated Commissioner Christy Goldsmith Romero, emphasizing the timing of the event.The main focus of AI Day will...
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Commissioner Mersinger to Participate in a Keynote Q&A at the MFA Legal & Compliance Conference
Commissioner Summer K. Mersinger is set to partake in a Keynote Q&A session at the MFA Legal & Compliance Conference. The event is scheduled to take place on Thursday, May 2, 2024, from 3:00 p.m. to 3:30 p.m. (EDT) at the New York Athletic Club located at 180 Central Park S, New York, NY 10019.The conference, organized by the Managed Funds Association (MFA), will provide a platform for industry professionals to discuss legal and compliance matters within the financial sector. More information about the event can be found on the MFA Legal & Compliance New York 2024...
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Commissioner Mersinger to Participate in a Fireside Chat at the Environmental Markets Conference
Commissioner Summer K. Mersinger will participate in a fireside chat at the Environmental Markets Conference. The event is scheduled for Wednesday, May 1, 2024, from 3:30 p.m. to 4:15 p.m. (EDT) at the David L. Lawrence Convention Center, 1000 Fort Duquesne Boulevard, Pittsburgh, PA 15222.The announcement of Commissioner Mersinger's participation at the conference was made without further details on the topics that will be discussed during the fireside chat.The Environmental Markets Conference is a significant event that brings together key stakeholders and experts in...
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Chairman Behnam Designates Ted Kaouk as the CFTC’s First Chief Artificial Intelligence Officer
Washington, D.C. — Commodity Futures Trading Commission Chairman Rostin Behnam has appointed Dr. Ted Kaouk as the agency's inaugural Chief Artificial Intelligence Officer. Dr. Kaouk, who currently holds the position of Chief Data Officer and Director of the Division of Data at the CFTC, will now take on the role of Chief Data & Artificial Intelligence Officer.In response to the appointment, Chairman Behnam highlighted the significance of leveraging data analytics and artificial intelligence to enhance the CFTC's capabilities in overseeing and enforcing regulations in the...
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AI Day Agenda Announced for May 2 CFTC Technology Advisory Committee Meeting
Commissioner Christy Goldsmith Romero announced the agenda for the upcoming "AI Day" at the Commodity Futures Trading Commission’s Technology Advisory Committee meeting on May 2, 2024. The event will take place from 1:00 p.m. to 4:30 p.m. (EDT) at the CFTC’s Washington, D.C. headquarters and will be open to the public both in person and via live webcast at CFTC.gov."We have a fantastic must-watch agenda for AI Day for anyone interested in digging deeper into how regulators should be approaching AI in regulated financial services, including generative AI," stated...
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CFTC Approves Final Rule Amending the Capital and Financial Reporting Requirements of Swap Dealers and Major Swap Participants
Washington, D.C. — The Commodity Futures Trading Commission today announced it has approved a final rule that amends the capital and financial reporting requirements of Swap Dealers (SDs) and Major Swap Participants (MSPs).According to the announcement, "The amendments make changes consistent with CFTC Staff Letter No. 21-15 regarding the tangible net worth capital approach for calculating capital under CFTC Regulation 23.101, as well as CFTC Staff Letter No. 21-18, as further extended by CFTC Staff Letter No. 23-11, regarding the alternate financial reporting...
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CFTC Approves Final Rules on Large Trader Reporting for Futures and Options
Washington, D.C. — The Commodity Futures Trading Commission today announced approval of final rules to amend its large trading reporting regulations for futures and options. These regulations require futures commission merchants, clearing members, foreign brokers, and certain reporting markets (reporting firms) to report to the Commission position information for the largest futures and options traders.The final rules replace the data elements currently enumerated in the CFTC’s regulations with an appendix specifying applicable data elements. The final rules also provide...
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CFTC to Hold a Commission Open Meeting April 29
Commodity Futures Trading Commission Chairman Rostin Behnam has announced that the Commission will hold an open meeting on Monday, April 29, at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. The meeting will be open to the public, with options for attending in person, listening by phone, or viewing a live stream at CFTC.gov.During the meeting, Behnam stated, "The Commission will consider the following." Participants can access the live meeting feed by using the provided dial-in numbers or by streaming it on CFTC.gov. Behnam also emphasized the importance of...
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Commissioner Goldsmith Romero to Participate in Roundtable on Derivatives and Climate
Commissioner Christy Goldsmith Romero is set to take part in a significant event focusing on derivatives and climate. The Commissioner's participation in the upcoming roundtable hosted by the MSCI Sustainability Institute underscores the importance of discussing these critical issues.The event is scheduled to take place on Monday, April 29, 2024, from 9:00 a.m. to 12:00 p.m. (London/GMT) and 4:00 a.m. to 7:00 a.m. (USA/EDT) virtually at MSCI London, 10 Bishops Square, London E1 6EG.According to a press release, Commissioner Christy Goldsmith Romero will be contributing...
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Chairman Behnam to Participate in a Fireside Chat at a Syracuse University Event
Chairman Rostin Behnam is set to engage in a fireside chat at Syracuse University & Alumni Night in D.C. The event is scheduled for Friday, April 26, 2024, from 5:00 p.m. to 7:00 p.m. (ET) at Morgan, Lewis & Bockius, located at 1111 Pennsylvania Avenue, NW, Washington, DC 20004.The fireside chat will provide an opportunity for Chairman Behnam to share insights and engage with the Syracuse University community and alumni in attendance. The event promises to be an Evening of Celebration in D.C., bringing together individuals with a shared connection to the university.This...
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Cancelled — CFTC Open Meeting for April 29
Washington, D.C. — The Commodity Futures Trading Commission has announced the cancellation of its Open Meeting scheduled for Monday, April 29, 2024. The decision was made as the matters under consideration are being resolved through the Commission’s seriatim process.This announcement was made by the Commission itself, stating, "The Commodity Futures Trading Commission Open Meeting scheduled for Monday, April 29, 2024 has been cancelled." Additionally, it was clarified that "The matters under consideration are being resolved through the Commission’s seriatim process."The...
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Federal Court Orders Unregistered Pool Operator and its President to Pay Over $11 Million for Forex Fraud
A former resident of Miami, Florida, Darren Robinson, and his firm The QYU Holdings Inc. (QYUHI) have been ordered by a federal court to pay over $11 million for engaging in a fraudulent foreign currency (forex) scheme. Judge Linda V. Parker of the U.S. District Court for the Eastern District of Michigan issued an order of default judgment and a permanent injunction against Robinson and QYUHI.The order bans Robinson and QYUHI from trading in any CFTC-regulated markets and registering with the CFTC. It also requires them to pay $5,923,515.37 in restitution to defrauded...