U.S. Commodity Futures Trading Commission (CFTC)
U.S. Government: Appointed Boards | U.S. Boards & Commissions
Recent News About U.S. Commodity Futures Trading Commission (CFTC)
-
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...
-
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...
-
Commissioner Kristin N. Johnson delivered opening remarks at the FIA L&C Panel on the future-proofing of financial markets through AI and derivatives markets on April 25, 2024. In her address, she emphasized the transformative potential of innovations like generative AI, stating, "Innovations such as generative AI have the power and the potential to alter many aspects of our markets and lives."Johnson highlighted the importance of policing derivatives markets, a cornerstone of the CFTC's mission, and advocated for heightened penalties for the misuse of AI in activities...
-
Commissioner Summer K. Mersinger has been announced as a participant in the Commodities/End-User Panel at FIA’s Law and Compliance Division Conference. The event is scheduled to take place on Thursday, April 25, 2024, from 3:45 p.m. to 4:45 p.m. (EDT) at the Gaylord National Resort & Convention Center in National Harbor, MD 20745.The panel discussion is anticipated to be a significant aspect of the conference, focusing on commodities and end-user perspectives in the industry. Commissioner Mersinger's involvement is expected to bring valuable insights and expertise to the...
-
A federal court has ordered a California-based precious metals company, its CEO, and a senior salesperson to pay over $56 million for fraud in connection with precious metals sales. The order, entered by Judge R. Gary Klausner of the U.S. District Court for the Central District of California, requires the defendants to pay restitution, disgorgement, and civil monetary penalties totaling $56.35 million.According to the Commodity Futures Trading Commission (CFTC), the defendants engaged in a fraudulent scheme from November 2019 to June 2022, convincing at least 950 people...
-
Washington, D.C. — Commissioner Christy Goldsmith Romero has announced that "AI Day" will be held at the Commodity Futures Trading Commission’s Technology Advisory Committee (TAC) meeting on May 2, 2024. The event will take place at the CFTC’s Washington, D.C. headquarters from 1:00 p.m. to 4:00 p.m. (EDT).According to Commissioner Romero, "AI Day is a continuation of the TAC’s study of AI, and the concept of Responsible AI in financial markets." The public is invited to attend the event in person or watch it via live webcast on CFTC.gov.Confirmed speakers for AI Day...
-
Commissioner Christy Goldsmith Romero is set to participate in a panel discussion at FIA's Law & Compliance Conference. The panel, titled "AI and Machine Learning: The Unknown Future Rolls Towards Us," will take place on Wednesday, April 24, 2024, from 2:45 p.m. to 3:45 p.m. (EDT) at the Gaylord National Resort & Convention Center in National Harbor, MD.The event aims to delve into the implications of artificial intelligence and machine learning in the legal and compliance sectors. Commissioner Goldsmith Romero's participation underscores the importance of addressing the...
-
Washington, D.C. — The Commodity Futures Trading Commission (CFTC) approved final rules to amend its swap execution facility (SEF) regulations related to uncleared swap confirmations to address issues which have been addressed in CFTC staff no-action letters, including the most recent CFTC No Action Letter No. 17-17, as well as associated conforming and technical changes. The final rules are effective 30 days after publication in the Federal Register. Upon the effective date of the final rules, CFTC No Action Letter No. 17-17 will expire.
-
Washington, D.C. — 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 take place at the CFTC Headquarters Conference Center located at Three Lafayette Centre, 1155 21st Street N.W., Washington, D.C. 20581.The public is invited to attend the meeting in person, listen by phone, or view a live stream at CFTC.gov. Those interested in participating virtually can access the live meeting feed through dial-in...
-
Washington, D.C. — The Commodity Futures Trading Commission has announced an extension of the public comment period deadline for a proposed rule addressing governance and conflicts of interest within designated contract markets and swap execution facilities. The deadline for submitting comments has been pushed back to May 13, 2024, as stated by the Commodity Futures Trading Commission.The proposed rule, which introduces modifications to rules for SEFs and DCMs in Part 37 and 38, aims to establish governance requirements related to market regulation functions and conflicts...
-
Commissioner Caroline D. Pham will participate in a Digital Currency Roundtable hosted by the Institute of International Finance. The event is scheduled to take place on Friday, April 19, 2024, at 9:00 a.m. (EDT) at Wilmer Hale, located at 2100 Pennsylvania Avenue, NW, Washington, DC 20037.The Institute of International Finance will be hosting the roundtable discussion where Commissioner Pham is set to speak. The purpose of the event and the specific topics to be covered have not been disclosed in the provided information.This engagement signifies Commissioner Pham's...
-
Washington, D.C. — Commodity Futures Trading Commission Chairman Rostin Behnam today announced the agency’s first Strategic Plan to Advance Diversity, Equity, Inclusion, and Accessibility (DEIA Plan). In his statement, Chairman Behnam expressed optimism about the future impact of the plan, saying, "As we embark on this transformative journey, I look forward to seeing the opportunities that lie ahead and the positive impact this DEIA Plan will have on our agency and the broader financial community."Acknowledging the efforts of the team behind the DEIA Plan, Chairman Behnam...
-
Commissioner Kristin N. Johnson is set to deliver a keynote address at the upcoming Institute of International Finance’s carbon markets gathering. The event, scheduled for Thursday, April 18, 2024, at 4:30 p.m. (ET), will take place at the Institute of International Finance located at 1333 H Street, NW, Suite 800E, Washington, DC 20005.The gathering aims to discuss recent themes and developments in carbon markets, with Commissioner Johnson's address expected to provide valuable insights into this crucial topic.
-
Chairman Rostin Behnam is set to deliver a keynote address at the upcoming 2024 Europe-US Symposium. The event is scheduled to take place on April 18, 2024, from 3:35 p.m. to 4:00 p.m. (EDT) at the JW Marriott Hotel located at 1331 Pennsylvania Avenue, NW, Washington, DC 20004.According to a press release, Behnam's keynote address is highly anticipated at the symposium, which aims to foster discussions and collaborations between Europe and the United States. The event serves as a platform for experts and leaders from both regions to exchange ideas and insights on various...
-
Commissioner Kristin N. Johnson will participate as a lead discussant at the Institute of International Finance’s AI & Data Roundtable. The event, scheduled for Thursday, April 18, 2024, at 2:00 p.m. (ET), will take place at the Offices of WilmerHale in Washington, DC.The Roundtable will feature AI leaders, policymakers, and financial service executives for a dialogue about new developments in artificial intelligence, links with data policy, and implications for growth and opportunity. It aims to bring together experts in the field to discuss the latest advancements and...
-
Commissioner Caroline D. Pham is set to participate in a panel discussion titled "Enabling the Next Generation of Financial Markets and Innovation" at the Harvard Law School—Program on International Financial Systems (HLS-PIFS) Symposium. The event, focused on Building the Financial System of the 21st Century: An Agenda for Europe and the United States, will take place on April 18, 2024, at 2:30 p.m. (EDT) at JW Marriott in Washington, DC.Pham's involvement in the symposium underscores her commitment to exploring and shaping the future of financial markets and innovation....
-
Chairman Rostin Behnam is set to participate in an interview at the upcoming ISDA’s 38th Annual General Meeting. The event is scheduled to take place on Wednesday, April 17, 2024, at 11:05 a.m. Tokyo time (JT), which is Tuesday, April 16, 2024, at 10:05 p.m. USA Eastern Time (ET). The venue for the meeting will be the Grand Hyatt in Tokyo, located at 6 Chome-10-3 Roppongi, Minato City, Tokyo, 106-0032, Japan.Behnam's participation in the interview at the ISDA Annual General Meeting is anticipated to provide insights and perspectives on significant matters concerning the...
-
Commissioner Goldsmith Romero is set to participate in the European Securities and Markets Authority’s roundtable hosted by Georgetown University Law Center on April 17, 2024. The event will take place at Georgetown University Law Center in Washington, DC from 3:15 p.m. to 4:30 p.m. (EDT).The participation of Commissioner Goldsmith Romero in this roundtable signifies a significant collaboration between regulatory bodies and academic institutions. This event will provide a platform for dialogue and discussion on important issues within the financial and securities sectors....
-
Commissioner Caroline D. Pham is scheduled to participate in a fireside chat on recent CFTC developments and policy agenda. The event is set to take place at Steptoe LLP in Washington, D.C. on Wednesday, April 17, 2024, at 3:00 p.m. (EDT).The event, hosted by the D.C. Bar and Steptoe LLP, will feature a discussion with Commissioner Pham, providing insights into the latest developments and the policy agenda of the Commodity Futures Trading Commission (CFTC).According to event information, there will be an opportunity for networking during the fireside chat with...
-
Washington, D.C. — The Commodity Futures Trading Commission today announced the entry of a consent order in the U.S. District Court for the Eastern District of California imposing restitution and a civil monetary penalty against Eshaq M. Nawabi, d/b/a/ Nawabi Enterprise, and Hyperion Consulting Inc. The order requires the defendants to pay $4.5 million in restitution to victims of the fraud and a $4.5 million civil monetary penalty. According to the CFTC, "Today’s order fully resolves the CFTC action filed on April 26, 2022."The CFTC also emphasized the challenges in...