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CFTC Charges FCM with Neglecting Cybersecurity

February 13, 2018 by Eugene Grygo

CFTC Charges FCM with Neglecting Cybersecurity

AMP Global Clearing LLC (AMP), a registered futures commission merchant (FCM) settled charges with the CFTC over allegations of inadequate cybersecurity protections that led to an unauthorized copying of 97,000 client files. The Chicago-based AMP has been registered as an FCM with the CFTC since 2010, officials say. The CFTC has issued an order and… Read More >>

Filed Under: Derivatives Operations, Collateral & Margin Management, Derivatives Processing, Securities Operations, Buy-Side, Clearing, Data Management, Middle-Office, Ops Automation, Risk Management, Governance, Back-Office, Standards, Regulation & Compliance, Cybersecurity, Derivatives, Regulatory Compliance, Regulatory Reporting Tagged With: AMP, AMP Global Clearing, CFTC, Cybersecurity, cybersecurity protection, FCM, information technology network, James McDonald, settlement

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