News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Register for free
Receive the CW newsletter and access CPE webcasts.
- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-08-20T15:26:00
A commissioner on the Commodity Futures Trading Commission (CFTC) criticized the agency’s policy on credit for self-reporting violations as a “bait-and-switch.”
On Monday, Brazil-based Raizen Energia was fined $850,000 by the CFTC and the Intercontinental Exchange Futures U.S. over wash trading allegations. CFTC Commissioner Caroline Pham in an accompanying statement said that the CFTC’s Enforcement Division did not provide recognition or cooperation credit despite the company self-reporting its violations.
“ … By creating an impossible-to-meet standard for receiving cooperation credit, or by being arbitrary in the application of any standard, the CFTC’s policy on self-reporting looks a lot like bait-and-switch,” she said.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Register for free
Receive the CW newsletter and access CPE webcasts.
2024-08-20T13:16:00Z By Aaron Nicodemus
Brazilian energy and sugar company Raizen Energia SA and its Swiss trading subsidiary will pay $850,000 in fines to settle charges that they engaged in illegal noncompetitive transactions.
2024-06-12T21:18:00Z By Aaron Nicodemus
Caroline Pham, a commissioner at the Commodity Futures Trading Commission, said compliance officers have a lot to worry about if they or their firms are subject to CFTC enforcement during her fireside chat at CW’s Financial Crimes Summit.
2023-12-06T19:00:00Z By Aaron Nicodemus
Caroline Pham of the Commodity Futures Trading Commission said she expects the regulator to pursue more individual liability cases against chief compliance officers, in the aftermath of landmark charges laid against the former CCO at Binance.
2024-08-19T19:24:00Z By Adrianne Appel
A new rule by the Federal Trade Commission will crack down on fake product reviews, whether written by humans or artificial intelligence.
2024-08-08T20:34:00Z By Ruth Prickett
The U.K. government has signaled new rules for pension trustees and funds consolidation to boost investment, but questions remain on employee financial literacy.
2024-08-07T20:36:00Z By Adrianne Appel
A joint proposal from nine U.S. financial regulators on data standards aim to streamline submissions and ease data sharing among agencies, the Securities and Exchange Commission announced.
Site powered by Webvision Cloud