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Commodity Futures Trading Commission

MF Global Trustee Pursues Client Funds Held Overseas

Posted 12.21.2011 | Business

The U.S. trustee for bankrupt MF Global Holdings Inc is working to recover $700 million of client funds held by the broker's UK affiliate for U.S....

Corzine's Saga As Cautionary Tale of the Demise of Wall Street

Raymond J. Learsy | Posted 02.15.2012 | Business
Raymond J. Learsy

The core lesson of the Corzine imbroglio and his "Who me?" testimony before various congressional committees has not been instinctively overlooked, but certainly not emblazoned into our consciousness, as well it should be.

Jon Corzine Disputes Notion He Knew About Misused Customer Funds

AP | DANIEL WAGNER and MARCY GORDON | Posted 02.14.2012 | Business

WASHINGTON — Jon Corzine's three days of testimony on MF Global's collapse offered little to satisfy lawmakers or clients who lost millions when...

Was Corzine Aware Of His Company Misusing Customer Funds?

Posted 12.14.2011 | Business

(Alexandra Alper and Aruna Viswanatha) - The regulatory arm of CME Group has turned over interviews to the Justice Department that allege former M...

Regulator OK's Rule Restricting Use Of Clients' Money In Wake Of MF Global Collapse

AP | MARCY GORDON | Posted 02.04.2012 | Business

WASHINGTON — A federal rule adopted Monday places tighter restrictions on how U.S. trading firms can invest their customers' money. The action c...

Senators To Grill Regulators On MF Global Collapse

Posted 12.01.2011 | Business

Senators plan to press regulators on Thursday on whether they were asleep at the switch as now-bankrupt MF Global took on massive risky bets, and ...

'It Isn’t A Pretty Picture'

Politico | By DAVID ROGERS | Posted 11.14.2011 | Politics

In a blow to Wall Street reforms, President Barack Obama’s budget request for the Commodity Futures Trading Commission would be cut by more than a t...

In Wake Of MF Global Bankruptcy, Regulator Orders Review Of All Futures Firms

AP | Posted 01.10.2012 | Business

WASHINGTON -- Federal regulators have ordered a review of all U.S. futures trading firms after hundreds of millions of dollars in client funds went mi...

CFTC Chairman Gensler Says He'd Be 'Distraction' In MF Global Probe

AP | By EILEEN AJ CONNELLY and DANIEL WAGNER | Posted 01.07.2012 | Business

NEW YORK -- A regulator says he withdrew from an investigation of Jon Corzine's collapsed securities firm to avoid being a "distraction." Gary Gensle...

Corzine's MF Global Pushed Regulators to Use Client Funds

The Sunlight Foundation | Posted 01.04.2012 | Business
The Sunlight Foundation

Late last year MF Global urged a federal agency to allow futures firms to invest funds from their customer segregated accounts in foreign sovereign debt. The firm is also now the subject of investigations by several federal agencies.

Regulator: MF Global Violated 'Core Foundation' Of Investor Protection

AP | DANIEL WAGNER | Posted 01.03.2012 | Business

WASHINGTON — A regulator investigating the collapse of Jon Corzine's securities firm, MF Global, said Thursday that the firm's failure to separa...

Exxon Profits Ironically Jump 41% While Our Government Snoozes Away

Raymond J. Learsy | Posted 01.03.2012 | Business
Raymond J. Learsy

Ironically, Exxon's significant increase in profits of late comes after its Chairman and CEO virtually pleaded in May with the pooh-bahs of the Senate Finance Committee to rein in the excessive speculation, if not manipulation, of oil on the commodity exchanges.

Commodities Trading Regulator Filed Record Actions In Past Year

AP | Posted 12.07.2011 | Business

WASHINGTON -- A federal agency that regulates commodities trading says it brought the most enforcement actions it has in its 37-year history during th...

As Stocks Gyrate the Oil Patch and Their Casino Cronies Continue to Strangle the Economy

Raymond J. Learsy | Posted 10.15.2011 | Business
Raymond J. Learsy

The formation of oil prices in this day and age is a farce, having little and ever less to do with the market disciplines of supply and demand.

Oil Speculation At Chevron Laid Bare For All to See

Raymond J. Learsy | Posted 09.19.2011 | Business
Raymond J. Learsy

Given the latest news that Chevron has been leveraging its insider status for huge profits, isn't it time our government began to rein in the massive oil market speculation? Or are the interests of the financial and oil industries just too well connected to permit change?

Ex-Trader Admits To Threatening To Kill Financial Regulators

Posted 09.17.2011 | Business

NEW YORK (Jennifer Golson) - A former commodities trader pleaded guilty on Monday to threatening to kill more than 40 financial regulators, includ...

Barron's Brings Us Halloween in July Predicting $150/bbl Oil

Raymond J. Learsy | Posted 09.04.2011 | Business
Raymond J. Learsy

Business must be slow and circulation down at Barron's. What better way to stimulate newsprint distribution than a blazoned scaremonger front page headline as in this past weekend's edition, "Get Ready For $150 Oil".

Mitch McConnell: Slowing Down Financial Regulation Good For U.S.

NASDAQ | Corey Boles | Posted 08.22.2011 | Politics

WASHINGTON -(Dow Jones)- The senior Senate Republican voiced strong support for House Republican efforts to reduce the budgets of the primary federal ...

U.S. Regulators: Progress Being Made Towards Global Financial Rules

AP | MARCY GORDON | Posted 08.16.2011 | Business

WASHINGTON — Federal regulators said Thursday they are collaborating with other nations on rules intended to prevent another global financial cr...

Oil Traders Sued For Manipulating Market During 2008 Crisis

AP | Posted 07.24.2011 | Business

WASHINGTON -- U.S. commodity regulators are suing three companies and two individuals claiming they manipulated crude oil futures prices on the New Yo...

Time for Financial Regulators to Limit Speculation in Oil Market

Robert Creamer | Posted 07.13.2011 | Business
Robert Creamer

The big fluctuations in the price of crude oil over the last several weeks gave fresh evidence of the ever increasing influence of speculators on the price every day Americans pay for gasoline. Why isn't the government stepping in?

Goldman Sachs Says Regulators Might Bring Fraud Charges

AP | Posted 07.10.2011 | Business

WASHINGTON -- Goldman Sachs & Co. says one of its units is being investigated by federal regulators over whether it improperly used investment account...

Volatile Commodity Prices Are Costing Consumers Big Time

New York Times | GRAHAM BOWLEY and WILLIAM NEUMAN | Posted 07.06.2011 | Business

The extreme volatility of commodities prices and the unpredictability that comes with it is increasing the cost of doing business for everyone....

Preventing the Next Flash Crash

New York Times | EDWARD E. KAUFMAN Jr. AND CARL M. LEVIN | Posted 07.06.2011 | Business

ONE year ago, the stock market took a brief and terrifying nose-dive. Almost a trillion dollars in wealth momentarily vanished. Shares in blue-chip co...

SEC Chair Says Cuts Could Have 'Profound Impact' On Agency

The New York Times | BEN PROTESS | Posted 07.05.2011 | Business

Financial regulators asked lawmakers on Wednesday for more money to enforce dozens of new rules and oversee Wall Street. ...