Perp Walk: A roving discussion of product characterization, jurisdictional and other issues related to perps, options, event contracts and security forwards
Perp Walk: A roving discussion of product characterization, jurisdictional and other issues related to perps, options, event contracts and security forwards
The US Commodity Futures Trading Commission (CFTC) held the second meeting of the Global Markets Advisory Committee (GMAC), on 17 July, under the sponsorship of Commissioner Caroline Pham.
The US House Committee on Agriculture, which has federal oversight over the US Commodity Futures Trading Commission, held a hearing on 6 June titled "The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets."
Two important committees of the US House of Representatives held a joint hearing on 10 May to discuss digital asset regulation, concluding with some potential next steps for both regulators and Congress to provide more clarity to the regulatory environment. The US House Committees on Agriculture and Financial Services held a joint Subcommittee hearing titled "The Future of Digital Assets: Measuring the Regulatory Gaps in the Digital Asset Markets." The Agriculture Committee has oversight over the US Commodity Future Trading Commission, while the Financial Services Committee has oversight over the US Securities and Exchange Commission.
On April 27, the key US House committees held concurrent hearings on digital asset oversight. These complementary hearings were coordinated by Republican leadership in the Committees to identify regulatory gaps related to digital assets. Next month, the committees plan to hold a joint subcommittee hearing to consider ways to close those gaps.
Global cleared derivative markets are made up of a wide variety of participants, from different geographies and different business disciplines. But surprisingly, many of my conversations to start 2023 have focused on a few key priorities.
FTX's unlawful use of customer money should not completely overshadow the groundbreaking ideas it was proposing to disrupt finance. Direct access to exchanges, auto-liquidation, real-time margining—these ideas are not going away. Whether we like it or not, these new approaches to market structure will continue to challenge our way of doing business.
The panel will discuss SEC tactics such as the increasingly sophisticated use of whistleblowers and trading data surveillance, and evolving enforcement priorities, such as the SEC’s focus on disclosures, sales practices, and other policies and procedures related to sales of complex products and trading strategies, with examples involving complex options-based strategies and variable annuities.
US Commodity Futures Trading Commission Chairman Rostin Behnam testified before the Senate Agriculture Committee on 1 December, discussing lessons learned from the collapse of FTX.
K&L Gates discusses the evolving regulatory environment, recent enforcement actions and proposed U.S. legislation for digital assets and their impact on the asset management industry.
FIA PTG submitted a second comment letter to the Securities and Exchange Commission regarding amendments to the IEX application for registration as a National Securities Exchange urging the Commission to re-open the comment period in light of the recent IEX amendment to afford the public adequate opportunity to review and provide feedback on IEX’s proposed changes.
FIA PTG filed a letter of conditional support with the SEC for a proposed rule change by BATS regarding expedited suspension proceedings and preventing layering and spoofing.
The FIA Principal Traders Group sent a letter to the Financial Industry Regulatory Authority on June 19, 2015 expressing its support for the exemption from the Trading Activity Fee that FINRA has proposed for certain transactions executed by proprietary trading firms. The group offered several suggestions for modifying the scope of the proposal so that it is based on the nature of the transaction rather than the nature of the firm.
The FIA Principal Traders Group today issued the following statement in response to the issuance of several proposed rules by the Financial Industry Regulatory Authority.
Perp Walk: A roving discussion of product characterization, jurisdictional and other issues related to perps, options, event contracts and security forwards
