- 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.
2025-05-01T14:39:00Z By Neil Hodge
Antitrust infringement cases in the United Kingdom can run on for years, but there’s a question whether issuing fines that are dwarfed by the revenues of those organisations involved is a worthy deterrent—particularly if they are imposed over a decade after the misconduct ended. It’s also debatable whether the first ...
2025-04-22T12:00:00Z
The Federal Trade Commission (FTC) filed a lawsuit against Uber, alleging the ride-hailing company signed customers up for its Uber One subscription without consent, then made it hard for them to cancel. The move marks the U.S. government’s latest broadside against big tech companies, and the first major action from ...
2025-04-18T17:45:00Z By Oscar Gonzalez
The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...
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