Efforts by the US Commodity Futures Trading Commission (CFTC) to punish the alleged perpetrators of the MF Global bankruptcy have hit the headlines over recent months, but the agency has also been engaged in a quieter push to toughen its stance on other brokers that are accused of breaching client safeguards.
On June 27, the CFTC filed a lawsuit against Jon Corzine, former chief executive of MF Global, the New York-based futures commission merchant (FCM) that filed for bankruptcy in October 2011
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- Quantile, TriOptima face off in cleared swaps compression battle
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quants stymied by lack of alternative risk premia flows data