Director of Enforcement James McDonald (http://www.
Discussions between the CFTC
and industry over FIA's request are ongoing, according to two people with knowledge of the matter who asked not to be named discussing private deliberations.
The order also imposes permanent trading and registration bans [on the two traders]," said the CFTC
has provided that "a person that enters into swaps for such person's own account, either individually or in a fiduciary capacity, but not as a part of regular business" is not a swap dealer.
This case goes to the core of the CFTC
's mission: protecting market participants and the public from manipulation and abusive practices that undermine the integrity of the (futures) markets," CFTC
Enforcement Director Aitan Goelman said in a statement.
The same day the Agriculture Committee was holding the confirmation hearing for President Obama's three CFTC
nominees, acting CFTC
Chairman Mark Wetjen told the House Agriculture Appropriations Subcommittee that the agency needs a far larger budget than Congress provided for the current fiscal year.
Under Gensler, the CFTC
wrote new rules to bring derivatives under government supervision for the first time.
By 1975, futures transactions were no longer regulated by the Department of Agriculture or by the SEC, but rather came under the jurisdiction of the CFTC
Attorneys Office, the White House, the SEC, the CFTC
, and other government agencies and prosecutors' offices.
The FT added that the CFTC
had issued subpoenas to market participants including ICAP and "several" global banks, as part of an international probe into rigging of various rates including the Libor interbank interest rate.
We observed that CFTC
can be found in the blood of mothers at 10-11 weeks of gestation, making their use for NI-PND especially attractive (10-13).
citizens to make bets on the outcome of future events without being duly registered with and regulated by the CFTC