Despite the fact that MBC was not being traded and, by accounts from the CFTC
appears to not have even existed as a cryptocurrency, some investors saw returns on their investment in the digital token.
The effort now directed at the CFTC
shows that with less than two months until Europe's revised Markets in Financial Instruments Directive, or MiFID II, takes effect, global banks are still scrambling to identify all the potential consequences.
Walker's practice will focus on advising companies on futures and swaps compliance and regulation, in addition to other policy matters overseen by the CFTC
This award represents a huge step forward for the CFTC
," according to Lisa Banks of Katz Marshall & Banks, who represents whistleblowers.
Spoofing undermines public confidence in our markets, and the CFTC
will continue to aggressively pursue wrongdoers," said CFTC
director of enforcement Aitan Goelman in a statement.
defines a "swap dealer" based on the swap-dealing activities in which it engages.
Director of Enforcement Aitan Goelman commented: "Protecting the integrity and stability of the U.
Kraft said in a statement that it doesn't expect the CFTC
case to have a significant impact on its financial position.
He was joined at the hearing by two other Obama nominees to the CFTC
, Sharon Bowen, a partner at Latham & Watkins and acting chairman of the Securities Investor Protection Corporation board, and J.
a member of the Senate Banking Committee, said in a statement, ''I look forward to hearing more from Tim Massad about what steps he thinks the CFTC
can take to further reduce the risk of future crises and level the playing field for middle-class families.
More generally, it urged "the CFTC
and the European Commission to rapidly agree on a system of mutual recognition and equivalence rules".
subjects conduit affiliates to regulation, whereas the SEC doesn't, at least not yet.