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CFTC 2019 Exam Priorities

  ♦An Overview of CFTC 2019 Exam Priorities♦ (The following article was posted on February 19, 2019 in Securities Law Perspectives by Nicholas J. Wendland, and is reprinted with his permission. Mr. Wendland is of Counsel at Drinker Biddle & Reath LLP.) In an effort…
Charlie Frank
February 26, 2019
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An Ounce of Prevention is Worth a Pound of Cure

♦Block Out the Big Penalty♦ When the NYMEX Business Conduct Committee fined an introducing broker Jan. 31 for block trade reporting violations, the panel found that, among other issues, the firm failed to properly advise its employees as to relevant Exchange rules. The fine: $135,000…
Charlie Frank
February 12, 2019
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Annual Cybersecurity Training: It’s the Law

♦Mark Your Calendar for Cybersecurity Training Changes♦ Notable changes to Cybersecurity training requirements go into effect April 1. The changes are spelled out in the National Futures Association's recently released Notice to Members I-19-0, which amends the Interpretive Notice Regarding Information Systems Security Programs -…
Charlie Frank
January 29, 2019
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CE Credits Are Baked In The Ethics Cake

  ♦Extra Credit♦ Completing an Exchange Analytics Futures Ethics course does more than satisfy regulatory obligations. Our Initial and Periodic training courses also deliver these valuable Continuing Education credits: CFP® CE Credits: The Certified Financial Planner Board accepts our Initial Futures Ethics course for two…
Charlie Frank
January 2, 2019
News

CFTC Enforcement Report an Eye-Opener

  ♦Serious About Enforcement♦ The Commodity Futures Trading Commission's Division of Enforcement was crystal clear in its recently released Annual Report: Know the rules and play by them, or pay the price. In fiscal year 2018 ended Sept. 30, CFTC disclosed the following eye-openers: •…
Charlie Frank
December 13, 2018
News

Podcast Featuring Larry Israel

♦What the Heck are Futures & Derivatives Anyway?♦ That was the apt title of last week's Better Money Decisions podcast, which featured Exchange Analytics president Larry Israel on host Kate Stalter's show. Larry's drew from his 40 years of experience at the Chicago Board of…
Charlie Frank
November 13, 2018
News

Avoid violations, mitigate consequences

  ♦It's a Wash♦ Earlier this month, TRC World Group agreed to pay a $30,000 settlement for wash trade violations. In its findings, the Chicago Board of Trade Business Conduct Committee noted that in addition to the trade infractions, "...TRC failed to provide compliance training…
Charlie Frank
October 19, 2018
News

Another trader dinged for spoofing

♦Spoofing Across Multiple Exchanges♦ A series of disciplinary notices released by the CME Business Conduct Committee recently revealed that a trader agreed to a settlement that distributed $75,000, $25,000, $20,000 and $5,000 to four exchanges – all for the same prohibited activity. Yuchun Bruce Mao,…
Charlie Frank
October 15, 2018