Tag: Commodity Futures Trading Commission

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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

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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

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Federal Court Orders California Man and His Company to Pay $9 Million in Restitution and Penalties for Forex Fraud

(Reprint from the Commodity Futures Trading Commission) April 15, 2024 Washington, D.C. — The Commodity Futures Trading Commission today announced the entry of a consent order in the U.S. District Court for the Eastern District of California imposing restitution and a civil monetary penalty against Eshaq M. Nawabi, d/b/a/ Nawabi Enterprise, and Hyperion Consulting Inc. The order requires the defendants to pay … Continue reading Federal Court Orders California Man and His Company to Pay $9 Million in Restitution and Penalties for Forex Fraud

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Is your introducing broker (IB) registered?

I don’t know about you, but it can be annoying to get hit with requests to connect by someone who is ready to show me how to trade options or forex. They provide you with a backstory that is likely fake; show you printed checks or balance sheets that you cannot corroborate; or show you websites filled with red and green Japanese candlesticks containing likely phony information. Continue reading Is your introducing broker (IB) registered?

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Interbank market news scan: Foreign exchange rates as of 8:01 am EST.

Currency pair Federal Reserve System (1) x-rates.com OANDA EUR/USD 1.0887 1.0930 1.0934 GBP/USD 1.2701 1.2655 1.2681 AUD/USD 0.6687 0.6636 0.6626 NZD/USD 0.6149 0.6097 0.6095 CHF/USD 1.1137 1.1179 1.1163 JPY/USD 0.0070 0.0069 0.0069 Today’s definition: What is an introducing broker? Investopedia, a financial information website, defines an introducing broker as: ” [A] broker in the futures markets who … Continue reading Interbank market news scan: Foreign exchange rates as of 8:01 am EST.