Commodity Futures Trading Commission (CFTC)
CFTC establishes new energy markets advisory committee
The US Commodity Futures Trading Commission (CFTC) has established an advisory committee to provide a public forum examining issues related to the energy markets and the CFTC’s role in them under the Commodity Exchange Act.
CFTC names new global markets chief
The Commodity Futures Trading Commission (CFTC), based in Washington, DC, has appointed Jill Sommers as chairman of its Global Markets Advisory Committee. She takes over from acting chairman Walter Lukken, who has chaired this committee since October…
CFTC appoints regional administrators
The Commodity Futures Trading Commission (CFTC) has appointed three members of its staff as regional administrators, as part of a plan to improve communication among all CFTC locations.
CFTC asks Congress for greater powers over ECMs
Oversight of trading on regulated futures markets and exempt commercial markets (ECMs) is generally satisfactory but some legislative action is still required, the Commodity Futures Trading Commission (CFTC) has concluded.
Record fine for BP over propane market scandal
The US Commodity and Futures Trading Commission (CFTC) has imposed a record $303 million penalty on BP for manipulating the North American propane gas market.
CFTC: record levels of crime in energy markets
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CFTC: record levels of crime in energy markets
The past five years have seen unprecedented levels of misconduct in the US energy markets, according to the Commodity Futures Trading Commission, which regulates the sector.
New CFTC commissioners confirmed
The US Senate last week approved Jill Sommers and Bart Chilton as commissioners in the Commodity Futures Trading Commission (CFTC).
White House pushes for futures fees
The Bush administration has asked the US House of Representatives to approve a proposed transaction fee on futures and options contracts.
CFTC loses chief economist
James Overdahl, chief economist at the US Commodity Futures Trading Commission, has resigned to take a post at the Securities and Exchange Commission.
Amaranth in civil lawsuit battle
The Amaranth saga continues as the US Commodities and Futures Trading Commission (CFTC) announced today it is filing a civil enforcement action against the hedge fund and its former head energy trader, Brian Hunter.
OTC energy derivatives regulations to tighten
US regulators could be one step closer to achieving their aim of closing the ‘Enron loophole’ that exempts electronic energy exchanges such as the Atlanta-based Intercontinental exchange (ICE) from regulatory oversight.
Amaranth report to ring changes
Release of report into collapse of energy hedge fund Amaranth Advisors looks set to change the way OTC markets operate in the US
Delays and revisions for CME's credit event futures
The Chicago Mercantile Exchange (CME) has delayed the launch of its planned credit event futures, after US regulators demanded more time to examine the proposal.
Brown-Hruska quits CFTC for new role at Nera
Sharon Brown-Hruska has quit the US Commodity Futures Trading Commission (CFTC) to join the Washington DC-based National Economic Research Associates (Nera) Economic Consulting as vice-president in the securities and finance practice.
Defrauded forex investors win compensation
Some 250 retail foreign exchange investors are set to receive $2.7 million in compensation, after a fraud committed by Gibraltar Monetary Corporation was uncovered by the Commodity Futures Trading Commission (CFTC) in the US.
CFTC claims hedge funds involved in forex fraud
The US Commodity Futures Trading Commission has charged two New York hedge funds with defrauding investors by claiming non-existent foreign exchange futures trades.
CFTC chairman calls for more competition
Reuben Jeffery, chairman of the US Commodity Futures Trading Commission (CFTC), has underscored the importance of competition as a critical factor in maintaining the future success of the markets. "We must help foster a market environment that invites…
CFTC freezes hedge fund over derivatives 'fraud'
The US Commodity Futures Trading Commission (CFTC) has obtained a federal court freeze on the assets of a $230 million hedge fund following an investigation of the fund’s operators for fraud.
Task force formed on transatlantic derivatives trade
US and EU regulators have set up a task force to help integrate regulated derivatives markets on each side of the Atlantic.
Senators lambast CFTC for opposing OTC market regulation
US senators Dianne Feinstein (Democrat, California) and Maria Cantwell (Democrat, Washington) have attacked the US Commodity Futures Trading Commission (CFTC) for opposing their legislation that seeks to increase the regulatory oversight of the over-the…
Liquidity, not regulation, is key to avoid manipulation, says CFTC
Regulators should avoid the temptation to implement over-zealous regulation of the energy derivatives market, and instead encourage the development of liquidity, if market manipulation is to be avoided. That was the message delivered by Sharon Brown…
Nymex to clear OTC average-price options
The New York Mercantile Exchange (Nymex) has received permission from the Commodity Futures Trading Commission to clear a number of over-the-counter mid-price commodity options.
CFTC amends rules governing FCMs
Futures commission merchants (FCMs) in the US will be permitted to enter into repurchase agreements and collateral management programmes using customer-deposited securities, following a rule amendment by the Commodity Futures Trading Commission (CFTC).