- 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.
2025-05-22T14:37:00Z By Aaron Nicodemus
The Federal Trade Commission has ordered web hosting company GoDaddy to implement a “robust” information security program following at least three data breaches that the agency said were aided by lax cybersecurity measures.
2025-05-20T12:30:00Z By Oscar Gonzalez
The U.S. Federal Trade Commission (FTC) took action against a pair of student loan debt relief companies for allegedly deceiving borrowers. The move came despite the Trump administration’s broader efforts to roll back enforcement actions against businesses since taking office.
2025-05-16T19:24:00Z By Oscar Gonzalez
After dismissing its lawsuit against the crypto exchange Coinbase in March, a second investigation into the exchange by the Securities and Exchange Commission has surfaced, according to a report from the New York Times. This comes as a bit of a surprise after the Trump administration has been scaling down ...
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