Author: Alton Drew

I graduated from The Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). I am a member of the Maryland Bar and practice political law. You can email me at altondrew@gmail.com.
Posted on

CFTC Approves Final Rule Amending the Capital and Financial Reporting Requirements of Swap Dealers and Major Swap Participants

Washington, D.C. — The Commodity Futures Trading Commission today announced it has approved a final rule that amends the capital and financial reporting requirements of Swap Dealers (SDs) and Major Swap Participants (MSPs). The amendments make changes consistent with CFTC Staff Letter No. 21-15 regarding the tangible net worth capital approach for calculating capital under CFTC Regulation 23.101, … Continue reading CFTC Approves Final Rule Amending the Capital and Financial Reporting Requirements of Swap Dealers and Major Swap Participants

Posted on

Federal Court Orders Unregistered Pool Operator and its President to Pay Over $11 Million for Forex Fraud

April 26, 2024 Washington, D.C. — The Commodity Futures Trading Commission today announced Judge Linda V. Parker of the U.S. District Court for the Eastern District of Michigan issued an order of default judgment and a permanent injunction against Darren Robinson, a former resident of Miami, Florida, and his firm The QYU Holdings Inc. (QYUHI), a Wyoming corporation with … Continue reading Federal Court Orders Unregistered Pool Operator and its President to Pay Over $11 Million for Forex Fraud

Posted on

Is it time for the Federal Reserve to raise the federal funds rate?

The world has risk-laden problems to solve. Higher borrowing rates are indicia of higher risks to returns on capital, but the cries for lower rates do not appear to resonate with capital’s search for high returns that compensate for higher risks. If the Federal Reserve System is to meet its statutory dual mandate of stable … Continue reading Is it time for the Federal Reserve to raise the federal funds rate?

Posted on

Federal Reserve Board announces it will extend through May 31, 2024, the public comment period for the application by Capital One Financial Corporation to acquire Discover Financial Services

The Federal Reserve Board on Wednesday announced it will extend through May 31, 2024, the public comment period for the application by Capital One Financial Corporation of McLean, Virginia, to acquire Discover Financial Services of Riverwoods, Illinois. The comment period is being extended to provide additional time for interested parties to comment on the proposal. … Continue reading Federal Reserve Board announces it will extend through May 31, 2024, the public comment period for the application by Capital One Financial Corporation to acquire Discover Financial Services

Posted on

Foreign exchange rates for the Eastern Caribbean as of 9:40 am AST

Ready for your next trader challenge? Visit https://traderswithedge.com/?r=348 Federal Reserve Bank of New York-Central Bank for the U.S. Virgin Islands AUD/USD=0.6423 GBP/USD=1.2397 EUR/USD=1.0655 JPY/USD=154.5500 Source: Board of Governors-Federal Reserve System Eastern Caribbean Central Bank USD/XCD=2.7000 GBP/XCD=3.3679 CAD/XCD=1.9626 EUR/XCD=2.8833 JPY/XCD=0.0175 Source: Eastern Caribbean Central Bank Central Bank of Barbados USD/BBD=1.9800 GBP/BBD=2.4399 CAD/BBD=1.4450 Source: Central Bank of … Continue reading Foreign exchange rates for the Eastern Caribbean as of 9:40 am AST

Posted on

Foreign exchange rates for the Eastern Caribbean as of 9:10 am AST

Federal Reserve Bank of New York-Central Bank of the U.S. Virgin Islands AUD/USD=0.6423 GBP/USD=1.2397 EUR/USD=1.0655 JPY/USD=0.0065 Eastern Caribbean Central Bank USD/XCD=2.7000 GBP/XCD=3.3679 CAD/XCD=1.9626 EUR/XCD=2.8833 JPY/XCD=0.0175 Central Bank of Barbados USD/BBD=1.9800 GBP/BBD=2.4209 CAD/BBD=1.4417 EUR/BBD=2.0879 Central Bank of Trinidad and Tobago USD/TTD=6.7042 GBP/TTD=8.4069 CAD/TTD=4.9077 EUR/TTD=7.6692 Bank of Guyana USD/GYD=207.98 GBP/GYD=256.02 CAD/GYD=151.41 EUR/GYD=221.04 Sources: Board of Governors-Federal Reserve … Continue reading Foreign exchange rates for the Eastern Caribbean as of 9:10 am AST

Posted on

Foreign exchange rates for the Eastern Caribbean as of 9:05 am AST

Federal Reserve Bank of New York-Central Bank of the USVI AUD/USD=0.6478 GBP/USD=1.2457 EUR/USD=1.0647 JPY/USD=0.0065 Eastern Caribbean Central Bank USD/XCD=2.7000 GBP/XCD=3.3679 CAD/XCD=1.9626 EUR/XCD=2.8833 JPY/XCD=0.0175 Central Bank of Barbados USD/BBD=1.9800 GBP/BBD=2.4230 CAD/BBD=1.4348 EUR/BBD=2.0856 Central Bank of Trinidad and Tobago USD/TTD=6.7260 GBP/TTD=8.3868 CAD/TTD=4.8987 EUR/TTD=7.1288 Bank of Guyana USD/GYD=207.98 CAD/GYD=151.18 GBP/GYD=258.81 EUR/GYD=221.52 Sources: Board of Governors-Federal Reserve System, Eastern … Continue reading Foreign exchange rates for the Eastern Caribbean as of 9:05 am AST

Posted on

Foreign exchange rates: Eastern Caribbean as of 11:14 am AST

Board of Governors-Federal Reserve System AUD/USD=0.6478 GBP/USD=1.2457 EUR/USD=1.0647 JPY/USD=0.0065 Eastern Caribbean Central Bank USD/XCD=2.7000 GBP/XCD=3.3679 CAD/XCD=1.9626 EUR/USD=2.8833 JPY/USD=0.0065 Central Bank of Barbados USD/BBD=1.9800 GBP/BBD=2.4368 CAD/BBD=1.4332 EUR/BBD=2.0855 Central Bank of Trinidad and Tobago USD/TTD=6.7260 GBP/TTD=8.3868 CAD/TTD=4.8987 EUR/TTD=7.1288 Bank of Guyana USD/GYD=207.98 CAD/GYD=151.18 GBP/GYD=258.81 EUR/GYD=221.52 Sources: Board of Governors-Federal Reserve System, Eastern Caribbean Central Bank, Central Bank … Continue reading Foreign exchange rates: Eastern Caribbean as of 11:14 am AST