- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2022-10-03T20:24:00
A new commissioner at the Commodity Futures Trading Commission (CFTC) believes the agency let a swap execution facility (SEF) affiliate of financial services firm Cantor Fitzgerald off easy when it was fined $1.9 million.
Christy Goldsmith Romero, a former federal law enforcement official who joined the CFTC in March, criticized the agency’s action against BGC Derivative Markets, which was penalized Friday for failing to report nearly 12,500 swap transactions to the regulator and/or the public from 2017-22.
In a statement, Goldsmith Romero said she concurred with the settlement, rather than offering her full support, because she disagreed the fine and the fact BGC did not admit guilt was “sufficient to deter future violations or provide accountability and transparency.”
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2023-07-17T17:54:00Z By Kyle Brasseur
Financial services firm Cantor Fitzgerald agreed to pay a $1.4 million penalty as part of a settlement with the Securities and Exchange Commission addressing alleged reporting failures.
2022-11-15T16:29:00Z By Kyle Brasseur
Businesses take varying approaches when self-reporting to regulatory agencies, which can lead to differing results. Caroline Pham, a commissioner at the Commodity Futures Trading Commission, suggests using common sense.
2022-09-20T16:19:00Z By Aaron Nicodemus
Commissioner Christy Goldsmith Romero would like the Commodity Futures Trading Commission to stop offering no-fault settlements as a matter of routine but instead force more individuals and corporations to accept responsibility for their wrongdoing.
2025-03-27T13:11:00Z By Jeff Dale
The U.K. Financial Reporting Council issued penalties against PwC and a former auditor over deficiencies on work related to the 2019 financial statements of now shuttered Wyelands Bank.
2025-03-27T12:49:00Z By Aaron Nicodemus
Yet another government contractor has been slapped with a fine by the Department of Justice for applying lax cybersecurity defenses on sensitive government data.
2025-03-26T18:48:00Z By Oscar Gonzalez
The European Commission released its preliminary findings last week regarding Apple and Google not complying with the Digital Markets Act. It issued orders to both companies regarding their business practice and plans to release all of its findings next week.
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