CFTC - U.S. Commodity Futures Trading Commission

12/23/2022

Statement of Commissioner Kristin N. Johnson on Extension of Staff No-Action Letter Regarding Investments in Securities with Adjustable Rate of Interest Benchmarked to SOFR | CFTC

Today Commissioner Kristin N. Johnson released a statement on the extension of a staff no-action letter for investments in securities with an adjustable rate of interest benchmarked to SOFR. Learn more:

Statement of Commissioner Kristin N. Johnson on Extension of Staff No-Action Letter Regarding Investments in Securities with Adjustable Rate of Interest Benchmarked to SOFR December 23, 2022 Commission regulation 1.25 is a seminal provision governing futures commission merchant (“FCM”) and deriv...

12/23/2022

Statement of Commissioner Summer K. Mersinger on Extension of Staff No-Action Letter Regarding Investments in Securities with Adjustable Rate of Interest Benchmarked to SOFR | CFTC

Today Commissioner Summer K. Mersinger released a statement on the extension of a staff no-action letter for investments in securities with adjustable rate of interest benchmarked to SOFR. Read it here:

Statement of Commissioner Summer K. Mersinger on Extension of Staff No-Action Letter Regarding Investments in Securities with Adjustable Rate of Interest Benchmarked to SOFR December 23, 2022 I support extension of the staff no-action relief in Letter 21-02 regarding investments of customer funds by...

12/23/2022

CFTC Staff Issues No-Action Letter Regarding Investments of Customer Funds in Securities Benchmarked to SOFR | CFTC

NEWS: Today, CFTC staff issued a no-action letter for investments of customer funds in securities benchmarked to SOFR. Learn more:

Release Number 8645-22 CFTC Staff Issues No-Action Letter Regarding Investments of Customer Funds in Securities Benchmarked to SOFR December 23, 2022 Washington, D.C. — The Commodity Futures Trading Commission’s Market Participants Division today announced it is extending CFTC Staff Letter No. 2...

12/23/2022

12/22/2022

Statement of Commissioner Summer K. Mersinger Regarding the Consent Orders of Judgment on Liability against Defendants Caroline Ellison and Zixiao “Gary” Wang | CFTC

Today Commissioner Summer K. Mersinger released a statement regarding the consent orders of a judgment on liability against defendants Caroline Ellison and Zixiao “Gary” Wang. Read it here:

Statement of Commissioner Summer K. Mersinger Regarding the Consent Orders of Judgment on Liability against Defendants Caroline Ellison and Zixiao “Gary” Wang December 21, 2022 Today, the Commission filed an Amended Complaint[1] to add Defendants Caroline Ellison (“Ellison”) and Zixiao “Ga...

12/22/2022

CFTC Charges Alameda CEO and Alameda and FTX Co-Founder with Fraud in Action Against Sam Bankman-Fried and his Companies | CFTC

NEWS: Today the CFTC charged Caroline Ellison, Alameda CEO, and Gary Wang, Alameda and FTX co-founder, with fraud in an action against Sam Bankman-Fried and his companies. Read more:

Release Number 8644-22 CFTC Charges Alameda CEO and Alameda and FTX Co-Founder with Fraud in Action Against Sam Bankman-Fried and his Companies Caroline Ellison and Gary Wang Acknowledge Liability December 21, 2022 Washington, D.C. — The Commodity Futures Trading Commission today filed fraud charg...

12/21/2022

ENFORCEMENT NEWS: Today, a federal court ordered a California precious metals firm and its owners to pay $38 million for commodity fraud and registration violations. Learn more: https://www.cftc.gov/PressRoom/PressReleases/8643-22

12/21/2022

Federal Court Orders California Precious Metals Firm and Its Owners to Pay $38 Million for Commodity Fraud and Registration Violations | CFTC

ENFORCEMENT NEWS: Today, a federal court ordered a California precious metals firm and its owners to pay $38 million for commodity fraud and registration violations. Learn more:

Release Number 8643-22 Federal Court Orders California Precious Metals Firm and Its Owners to Pay $38 Million for Commodity Fraud and Registration Violations December 21, 2022 Washington, D.C. — The Commodity Futures Trading Commission today announced the U.S. District Court for the Central Distri...

12/20/2022

Concurring Statement of Commissioner Goldsmith Romero on the Importance of Protecting Commodity Markets Against Excessive Speculation in CFTC v. Commodity Broker CHS Hedging | CFTC

Commissioner Goldsmith Romero released a concurring statement on the importance of protecting commodity markets against excessive speculation in CFTC v. Commodity Broker CHS Hedging. Read it here:

Concurring Statement of Commissioner Goldsmith Romero on the Importance of Protecting Commodity Markets Against Excessive Speculation in CFTC v. Commodity Broker CHS Hedging December 20, 2022 One of the Commission’s core functions is to ensure that derivatives markets have integrity and that there...

12/20/2022

Statement of Commissioner Kristin N. Johnson Regarding The Importance of Futures Commission Merchants’ Compliance and The Need to Heighten the Consequences of Failing to Comply | CFTC

Today, Commissioner Kristin N. Johnson released a statement about the importance of futures commission merchants’ compliance and the need to heighten the consequences of failing to comply. Find it here:

Statement of Commissioner Kristin N. Johnson Regarding The Importance of Futures Commission Merchants’ Compliance and The Need to Heighten the Consequences of Failing to Comply December 20, 2022 Today, the Commodity Futures Trading Commission (Commission or CFTC) issued a complaint and settlement ...

12/20/2022

CFTC Orders Minnesota Futures Commission Merchant to Pay $6.5 Million for Anti-Money Laundering, Risk Management, Recordkeeping, and Supervision Violations | CFTC

Enforcement News: Today, the CFTC ordered a Minnesota futures commission merchant to pay $6.5 million for anti-money laundering, risk management, record-keeping, and supervision violations. Learn more:

Release Number 8642-22 CFTC Orders Minnesota Futures Commission Merchant to Pay $6.5 Million for Anti-Money Laundering, Risk Management, Recordkeeping, and Supervision Violations December 20, 2022 Washington, D.C. — The Commodity Futures Trading Commission announced today it has issued an order si...

12/19/2022

CFTC Staff Extends No-Action Letter Regarding Daily Reporting Requirements for Derivatives Clearing Organizations | CFTC

NEWS: Today, the CFTC’s Division of Clearing and Risk announced it is extending a no-action letter for daily reporting requirements applicable to registered derivatives clearing organizations (DCOs). Learn more:

Release Number 8641-22 CFTC Staff Extends No-Action Letter Regarding Daily Reporting Requirements for Derivatives Clearing Organizations December 19, 2022 Washington, D.C. — The Commodity Futures Trading Commission’s Division of Clearing and Risk (DCR) announced today it is extending a no-action...

12/16/2022

Statement of Commodity Futures Trading Commission Chairman Rostin Behnam at the December 16, 2022 Financial Stability Oversight Council Meeting | CFTC

Chairman Rostin Behnam made a statement at the December 16, 2022 Financial Stability Oversight Council Meeting. Read it here:

Statement of Commodity Futures Trading Commission Chairman Rostin Behnam at the December 16, 2022 Financial Stability Oversight Council Meeting December 16, 2022 “Madam Secretary, I appreciate the opportunity to thank you as Chair of the Financial Stability Oversight Council (FSOC), the FSOC Secre...

12/15/2022

CFTC Charges Commodity Pool Operators and Their Co-Chief Investment Officer with Deception and Manipulation in Connection with Swaps and Supervision Failures | CFTC

ENFORCEMENT NEWS: Today, the CFTC charged commodity pool operators and their Co-Chief Investment Officer with deception and manipulation in connection with swaps and supervision failures. Learn more:

Release Number 8640-22 CFTC Charges Commodity Pool Operators and Their Co-Chief Investment Officer with Deception and Manipulation in Connection with Swaps and Supervision Failures December 15, 2022 Washington, D.C. — The Commodity Futures Trading Commission today filed a civil enforcement action ...

12/14/2022

Commissioner Johnson to Speak to the New York City Bar Association | CFTC

EVENT: Commissioner Kristin N. Johnson will speak to members of the New York City Bar Association Futures and Derivatives Committee. Get the details:

Event: Other Events Commissioner Johnson to Speak to the New York City Bar Association December 15, 2022 WHAT: Commissioner Kristin N. Johnson will speak to members of the New York City Bar Association Futures and Derivatives Committee. WHEN: Thursday, December 15, 2022 6:30 p.m. (EDT) WHERE: Cliffo...

12/14/2022

CFTC Obtains Final Judgment Against Michigan Commodity Pool Operator and His Company for a Fraudulent Forex Scheme | CFTC

ENFORCEMENT NEWS: Today, the CFTC obtained final judgment against a Michigan commodity pool operator and his company for a fraudulent forex scheme. Learn more:

Release Number 8639-22 CFTC Obtains Final Judgment Against Michigan Commodity Pool Operator and His Company for a Fraudulent Forex Scheme December 14, 2022 Washington, D.C. — The Commodity Futures Trading Commission today announced that Judge Matthew F. Leitman of the U.S. District Court for the E...

12/13/2022

CFTC Charges Sam Bankman-Fried, FTX Trading and Alameda with Fraud and Material Misrepresentations | CFTC

ENFORCEMENT NEWS: Today, the CFTC charged Sam Bankman-Fried, FTX Trading and Alameda with fraud and material misrepresentations. Get the details:

Release Number 8638-22 CFTC Charges Sam Bankman-Fried, FTX Trading and Alameda with Fraud and Material Misrepresentations December 13, 2022 Washington, D.C. — The Commodity Futures Trading Commission today announced the filing of a complaint in the U.S. District Court for the Southern District of ...

12/12/2022

CFTC Orders Minnesota Registrant to Pay $550,000 for Cross-Product, Cross-Calendar, and Single-Product Spoofing in Soybean Complex Futures | CFTC

NEWS: Today, the CFTC issued an order simultaneously filing and settling charges against Walleye Capital LLC, a Minnesota registrant, to pay $550,000 for cross-product, cross-calendar, and single-product spoofing in soybean complex futures. Learn more:

Release Number 8637-22 CFTC Orders Minnesota Registrant to Pay $550,000 for Cross-Product, Cross-Calendar, and Single-Product Spoofing in Soybean Complex Futures December 12, 2022 Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling c...

12/07/2022

Statement of Commissioner Kristin N. Johnson in Support of Proposed Order and Request for Comment on Mexican Capital Comparability Determination | CFTC

ICYMI: Commissioner Kristin N. Johnson issued a statement in support of a Proposed Order and Request for Comment on Mexican Capital Comparability Determination. Learn more:

Statement of Commissioner Kristin N. Johnson in Support of Proposed Order and Request for Comment on Mexican Capital Comparability Determination November 10, 2022 I support the Commission’s issuance of the Notice of Proposed Order and Request for Comment (Notice of Proposed Order and Request for C...

12/07/2022

Opening Statement by Commissioner Summer K. Mersinger Before the Agricultural Advisory Committee Meeting | CFTC

Today, Commissioner Summer K. Mersinger made an opening statement before the CFTC Agricultural Advisory Committee Meeting. Read it here:

Opening Statement by Commissioner Summer K. Mersinger Before the Agricultural Advisory Committee Meeting December 07, 2022 Good morning and thank you to Chairman Behnam for organizing this important meeting of the Agricultural Advisory Committee (AAC). With so many significant topics to discuss, I a...

12/07/2022

Statement of Commissioner Christy Goldsmith Romero Before the Agricultural Advisory Committee | CFTC

Commissioner Christy Goldsmith Romero made a statement today before the Agricultural Advisory Committee. Read it here:

Statement of Commissioner Christy Goldsmith Romero Before the Agricultural Advisory Committee Ensuring Markets Work for American Heroes—Farmers, Ranchers, and Producers December 07, 2022 It is great to be here together today for this meeting of the Agricultural Advisory Committee. Thank you to all...

12/07/2022

Opening Statement of Commissioner Kristin N. Johnson Before the CFTC Agricultural Advisory Committee | CFTC

READ IT HERE: Commissioner Kristin N. Johnson issued her opening statement today before the CFTC Agricultural Advisory Committee:

Opening Statement of Commissioner Kristin N. Johnson Before the CFTC Agricultural Advisory Committee December 07, 2022 Good morning. I am so very pleased to welcome so many joining in the building today and virtually for this Agricultural Advisory Committee (AAC) meeting. I thank Chair Behnam and Br...

12/07/2022

Opening Statement of Commissioner Caroline D. Pham before the Agricultural Advisory Committee | CFTC

READ IT HERE: Commissioner Caroline D. Pham gave her opening statement before the Agricultural Advisory Committee:

Opening Statement of Commissioner Caroline D. Pham before the Agricultural Advisory Committee December 07, 2022 It is a pleasure to speak to you for today’s meeting of the Agricultural Advisory Committee. I thank committee sponsor Chairman Behnam and Designated Federal Officer Brigitte Weyls for b...

12/07/2022

Opening Statement of Chairman Rostin Behnam before the Agricultural Advisory Committee | CFTC

THIS JUST IN: Chairman Rostin Behnam made an opening statement before the Agricultural Advisory Committee. Read it here:

Opening Statement of Chairman Rostin Behnam before the Agricultural Advisory Committee December 07, 2022 Introduction Good morning and welcome to the first Agricultural Advisory Committee (AAC) meeting of 2022 under my sponsorship. The AAC fortifies the strong connection between the CFTC and its his...

12/06/2022

Statement of Commissioner Summer K. Mersinger on Order Regarding TeraExchange, LLC Application for Reinstatement of Registration as a SEF | CFTC

Commissioner Summer K. Mersinger released a statement regarding the order to reinstate TeraExchange, LLC as an SEF. Learn more:

Statement of Commissioner Summer K. Mersinger on Order Regarding TeraExchange, LLC Application for Reinstatement of Registration as a SEF December 06, 2022 I support the Commission’s issuance of an Order of Registration (Order) regarding the TeraExchange, LLC’s (TeraExchange) Application for Rei...

12/06/2022

CFTC Grants TeraExchange, LLC Reinstatement of its Swap Ex*****on Facility Registration | CFTC

NEWS: Today, the CFTC announced it has issued an Order of Reinstatement of Registration to TeraExchange, LLC (Tera) as a swap ex*****on facility (SEF). Learn more:

Release Number 8636-22 CFTC Grants TeraExchange, LLC Reinstatement of its Swap Ex*****on Facility Registration December 06, 2022 Washington, D.C. — The Commodity Futures Trading Commission today announced it has issued an Order of Reinstatement of Registration to TeraExchange, LLC (Tera) as a swap...

12/05/2022

Commissioner Summer K. Mersinger has released a statement on the Order of Registration for SpectrAxe LLC SEF: https://www.cftc.gov/PressRoom/SpeechesTestimony/mersingerstatement120522

12/05/2022

CFTC Grants SpectrAxe LLC Registration as a Swap Ex*****on Facility | CFTC

NEWS: Today, the CFTC announced it has issued an Order of Registration to SpectrAxe LLC, granting it registration as a swap ex*****on facility (SEF). Learn more:

Release Number 8635-22 CFTC Grants SpectrAxe LLC Registration as a Swap Ex*****on Facility December 05, 2022 Washington, D.C. — The Commodity Futures Trading Commission today announced it has issued an Order of Registration to SpectrAxe LLC (SpectrAxe) granting it registration as a swap ex*****on ...

12/05/2022

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12/02/2022

CFTC Amends Its Complaint Against Peter Miller and Omerta Capital LLC to Charge Additional Fraud and False Statements to CME | CFTC

NEWS: The CFTC amended its complaint against Peter Miller and Omerta Capital LLC to charge additional fraud and false statements to CME. Read it here:

Release Number 8634-22 CFTC Amends Its Complaint Against Peter Miller and Omerta Capital LLC to Charge Additional Fraud and False Statements to CME December 02, 2022 Washington, D.C. — The Commodity Futures Trading Commission today filed an amended complaint alleging that Peter Miller and Omerta C...

12/02/2022

CFTC Staff Issues No-Action Letter Supplementing Staff Letters Regarding Swaps Trading on Certain Financial Markets Licensed in Australia | CFTC

NEWS: Today, CFTC’s staff issued a no-action letter supplementing staff letters regarding swaps trading on certain financial markets licensed in Australia. Learn more:

Release Number 8633-22 CFTC Staff Issues No-Action Letter Supplementing Staff Letters Regarding Swaps Trading on Certain Financial Markets Licensed in Australia December 02, 2022 Washington, D.C. — The Commodity Futures Trading Commission’s Division of Market Oversight today issued a supplementa...

12/02/2022

Statement of Commissioner Summer K. Mersinger Regarding Extension of CFTC Staff No-Action Letter Addressing Certain Swap Reporting Obligations | CFTC

TODAY: Commissioner Summer K. Mersinger released a statement regarding the extension of a CFTC staff no-action letter addressing certain swap reporting obligations. Learn more:

Statement of Commissioner Summer K. Mersinger Regarding Extension of CFTC Staff No-Action Letter Addressing Certain Swap Reporting Obligations December 02, 2022 I support the continuation of staff no-action relief that is being provided through today’s extension of Commodity Futures Trading Commis...

12/02/2022

CFTC Staff Issues No-Action Letter Regarding Certain Swap Reporting Obligations for Counterparties Clearing Swaps Through DCOs Acting Consistent with Exemptive Orders or No Action Letters | CFTC

NEWS: The CFTC staff issued a no-action letter regarding certain swap reporting obligations for counterparties clearing swaps through DCOs acting consistent with exemptive orders or no-action letters. Get the latest:

Release Number 8632-22 CFTC Staff Issues No-Action Letter Regarding Certain Swap Reporting Obligations for Counterparties Clearing Swaps Through DCOs Acting Consistent with Exemptive Orders or No Action Letters December 02, 2022 Washington, D.C. —The Commodity Futures Trading Commission’s Divisi...

12/02/2022

THE LATEST: Commissioner Caroline D. Pham released a statement on non-U.S. swap dealer annual compliance reports. Learn more: https://www.cftc.gov/PressRoom/SpeechesTestimony/phamstatement120222

12/02/2022

CFTC Staff Issues Advisory on Non-U.S. Swap Dealer Chief Compliance Officer Annual Reports | CFTC

NEWS: Today, CFTC staff issued an advisory on non-U.S. swap dealer chief compliance officer annual reports. Learn more:

Release Number 8631-22 CFTC Staff Issues Advisory on Non-U.S. Swap Dealer Chief Compliance Officer Annual Reports December 02, 2022 Washington, D.C. — The Commodity Futures Trading Commission’s Market Participants Division today issued a staff advisory to non-U.S. swap dealers (SDs) that rely on...

12/01/2022

Federal Court Orders Rhode Island Man to Pay More than $2.8 Million in Restitution for Virtual Currency Fraud | CFTC

TODAY: A federal court ordered a Rhode Island man to pay more than $2.8 million in restitution for virtual currency fraud. Learn more:

Release Number 8630-22 Federal Court Orders Rhode Island Man to Pay More than $2.8 Million in Restitution for Virtual Currency Fraud December 01, 2022 Washington, D.C. — The Commodity Futures Trading Commission today announced the U. S. District Court for the Southern District of New York entered ...

12/01/2022

Statement of Commissioner Kristin N. Johnson Regarding CFTC Consent Order of $2.8 Million in Restitution for Virtual Currency Fraud | CFTC

THIS JUST IN: Commissioner Kristin N. Johnson released a statement regarding CFTC’s consent order of $2.8 million in restitution for virtual currency fraud. Read it here:

Statement of Commissioner Kristin N. Johnson Regarding CFTC Consent Order of $2.8 Million in Restitution for Virtual Currency Fraud A Call to Action: Let’s Use Our Existing Authority to Stop Crypto-Fraud December 01, 2022 Over the last several months, and with increasing escalation in recent weeks...

12/01/2022

CFTC Staff Extends Brexit-Related No-Action Positions | CFTC

Today, CFTC staff extended Brexit-related no-action positions. Learn more:

Release Number 8629-22 CFTC Staff Extends Brexit-Related No-Action Positions December 01, 2022 Washington, D.C. — The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) and the Market Participants Division (MPD) announced today they are extending temporary no-action positi...

12/01/2022

Commissioner Pham to Speak at the Harvard Law School Program on International Financial Systems 25th Annual Japan-U.S. Symposium | CFTC

EVENT: Commissioner Caroline D. Pham will speak on a panel at the Harvard Law School Program on International Financial Systems 25th Annual Japan-U.S. Symposium. Learn more:

Event: Other Events Commissioner Pham to Speak at the Harvard Law School Program on International Financial Systems 25th Annual Japan-U.S. Symposium December 03, 2022 WHAT: Commissioner Caroline D. Pham will speak on a panel titled “The Future of Crypto Assets – Regulation, Cross-Border Issues a...

12/01/2022

HAPPENING NOW: Chairman Rostin Behnam is testifying before the U.S. Senate Committee on Agriculture, Nutrition, and Forestry on "Why Congress Needs to Act: Lessons Learned from the FTX Collapse." Read his remarks as written: https://www.cftc.gov/PressRoom/SpeechesTestimony/opabehnam29