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)
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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...
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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...
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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...
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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.
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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...
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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...
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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....
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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...
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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....
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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...
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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...
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Chairman Rostin Behnam is set to address global regulatory priorities at the upcoming ISDA’s 38th Annual General Meeting. The event is scheduled for Tuesday, April 16, 2024, from 3:50 p.m. to 4:15 p.m. (Tokyo time) at the Grand Hyatt in Tokyo, Japan. Following Behnam's remarks, a question and answer session will take place, allowing attendees to engage further with the discussion on global regulatory priorities within the financial sector. The meeting promises to be an insightful gathering, providing valuable insights into the current regulatory landscape and potential...
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Chairman Rostin Behnam delivered the opening remarks at the CFTC and the Center for Risk Management Education and Research (CRMER) at Kansas State University AgCon 2024 on April 11, 2024. Behnam expressed his pride in leading the return of the conference, emphasizing the importance of engaging with agricultural stakeholders to find solutions for America's farmers and ranchers.Highlighting the role of futures markets during challenging times, Behnam acknowledged the impact of external factors on commodity markets, such as supply chain breakdowns and geopolitical risks....
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The Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the District of Nevada has sanctioned Daniel Shak of Las Vegas, Nevada, for engaging in spoofing and manipulative schemes in the gold and silver futures markets. The court entered a consent order on April 9, resolving the charges brought against Shak by the CFTC.According to the CFTC, Shak has been imposed with a $750,000 civil monetary penalty and is permanently prohibited from trading in commodity interests or registering with the CFTC in any capacity. Additionally, he is required...
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Ian McGinley, a prominent figure in regulatory compliance, addressed the New York City Bar Association Futures and Derivatives Committee Conference. McGinley expressed gratitude for the opportunity to speak to members of the derivatives bar, emphasizing the importance of self-reporting in regulatory matters.McGinley highlighted the significance of self-reporting as a means to uncover misconduct that may go unnoticed otherwise. He stressed that self-reporting not only reveals specific wrongdoing but also acts as a deterrent to future misconduct. McGinley acknowledged the...
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Chairman Rostin Behnam will be taking part in a lecture at the University of Chicago Law School on April 10, 2024. The event is scheduled to take place from 5:00 p.m. to 6:00 p.m. (CT) and 6:00 p.m. to 7:00 p.m. (ET) at the University of Chicago School of Law, located at 1111 East 60th Street, Room C in Chicago, Illinois.Behnam's participation in the lecture at the prestigious law school is anticipated to be insightful and informative. This event provides an opportunity for students, faculty, and attendees to engage with Chairman Behnam on various legal and regulatory...
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Commissioner Kristin N. Johnson, a Commissioner at the Commodity Futures Trading Commission (CFTC), delivered keynote remarks at the NYU AI Convening on the integration of AI in financial markets. Johnson emphasized the potential benefits and risks associated with AI in financial markets, stating, "While the use of AI in financial markets may hold the potential for substantial benefits, such use may also introduce unprecedented risks concerning market integrity, customer protection, governance, data privacy, bias, and cyber threats."Johnson highlighted her advocacy for...
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The Commodity Futures Trading Commission (CFTC) has announced the appointment of Christopher L. Skinner as the CFTC’s Inspector General. According to the official announcement, Mr. Skinner brings 15 years of IG experience to his new role, including leading and managing Offices of Inspectors General and conducting various investigative tasks.Mr. Skinner's previous experience includes serving as the Inspector General at the Federal Election Commission (FEC) since 2019. During his tenure at the FEC, he managed a significant budget and oversaw the day-to-day operations of the...
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The Energy and Environmental Markets Advisory Committee (EEMAC) is set to convene on April 10, 2024, at the University of Missouri – Kansas City in Kansas City, Mo. The meeting, sponsored by CFTC Commissioner Summer K. Mersinger, will run from 9:00 a.m. to 12:00 p.m. (CDT) and is open to the public both in person and virtually, space permitting.Commissioner Mersinger highlighted the focus of the upcoming meeting, stating, “The last few EEMAC meetings focused on the metal and mineral markets and the crucial role of those commodities in the transition to renewable energy. I...
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Commissioner Christy Goldsmith Romero will speak at the Institute for Business in Global Society on Tackling the Challenges of Responsible AI at Harvard Business School. The event is scheduled for Wednesday, April 10, 2024, at 4:30 p.m. (EDT) at the Institute for Business in Global Society, Harvard Business School, Boston, MA 02163.