JPMorgan has reached a $850,000 settlement with the CFTC in a case involving charges that three of the investment bank’s units failed to comply with their reporting obligations as swap dealers. The CFTC order also requires JPMorgan and its swap-dealing entities to cease and desist from further violations of the Commodity Exchange Act (CEA) and… Read More >>
Interactive Brokers Settles Exchange Fees Case for $1M
The Commodity Futures Trading Commission reports that it has settled charges against Interactive Brokers LLC, a registered futures commission merchant, for “failing to diligently supervise its employees’ handling of exchange fees charged to customers.” The commission’s order calls for Interactive Brokers to “cease and desist from violating the CFTC regulation addressing supervision, pay $710,828.14 in… Read More >>
DTCC Report Hub Attracts 70+ Clients
More than 70 firms have signed up for a service that manages regulatory reporting requirements for 14 jurisdictions — the DTCC Report Hub — an offering of post-trade systems and services provider Depository Trust & Clearing Corp., officials say. In late 2020, the DTCC acquired a platform for compliance management reporting, dubbed the Compliance Management… Read More >>
Glencore Penalized $1B+ via Corruption Cases
Glencore International A.G. and Glencore Ltd., which are part of a commodity trading and mining firm based in Baar, Switzerland, have admitted their guilt in sprawling schemes of foreign bribery and market manipulation that led to market advantages but also scandal, plea bargains, and a billion-dollar fine. Among many authorities across the globe, the complex… Read More >>
FTF Reveals the Winners of the 2022 FTF Awards
Financial Technologies Forum (FTF) is pleased to announce the winners of the 2022 FTF News Technology Innovation Awards competition and to confirm that there will be an in-person gala event later this year to celebrate the industry’s achievements in operational excellence. “I think it’s safe to say that it’s been a long two years. During… Read More >>
Senate Confirms ‘Most Diverse’ CFTC Ever
The U.S. Senate has confirmed a new slate of commissioners for the CFTC and they will write the next chapter for the regulatory agency now led by Chairman Rostin Behnam, who notes that “the CFTC has the most diverse set of commissioners in the agency’s history.” U.S. Senators Debbie Stabenow (D-Mich.), chairwoman of the U.S…. Read More >>
Broadridge Revamps ProxyVote App & Other News
ProxyVote Updates Target Ease-of- Voting & Query Concerns Broadridge Financial Solutions has improved its ProxyVote app to help investors gain easier access to proxy information, officials say. “The enhancements make it easier than ever for investors to access and review proxy information in upcoming annual meetings of the companies and mutual funds they own, and… Read More >>
FTF Unveils Nominees for the 2022 FTF Awards!
Financial Technologies Forum (FTF) and FTF News are pleased to announce the nominees for the 2022 FTF News Technology Innovation Awards competition. The variety and high volume of nominations are clear signs that fintech achievement is alive and kicking amid the challenges of a global pandemic, volatile markets, and a steady flow of game-changers such… Read More >>
Voting for the FTF Awards Starts March 14
We are very close to officially announcing the nominees for the highly competitive FTF News Technology Innovation Awards 2022, which means that the most important step is next — industry voters picking the winners. Unless there are extenuating circumstances, the voting process will begin on March 14 and end on April 22. The FTF Awards,… Read More >>
IHS Markit Links Corporate Actions to Class Actions
IHS Markit and Financial Recovery Technologies (FRT) have launched a partnership that will help IHS Markit clients use FRT’s class action recovery services for securities litigation and, conversely, introduce FRT clients to the corporate actions data and processing capabilities of IHS. The partnership fits in with a key mission of IHS – that of greater… Read More >>