iOS app Android app

Commodity Futures Trading Commission

D.M. Levine

Crisis in Commodities

HuffingtonPost.com | D.M. Levine | Posted 07.20.2012 | Business

First, there was a banking crisis. Now, after the collapse of Peregrine Financial Group, commodities markets may be on the brink of their own emergenc...

Watchdog Scolded For Taking Brokers At Their Word Amid 20 Year Fraud

Reuters | Posted 09.17.2012 | Business

* NFA let firms verbally pledge to do better-2002 report * CFTC report called practice troubling * Report came during mi...

Top U.S. Regulator On Libor Scandal: 'We're All Losers'

The Huffington Post | Alexander Eichler | Posted 07.13.2012 | Business

You may not do any banking in London. You may not have ever been to London. But Gary Gensler is pretty sure the London interbank offering rate affects...

Feds Approve New Rules In Wake Of MF Global, Peregrine Scandals

Reuters | Posted 09.12.2012 | Business

* "Corzine rule" requires top execs to approve withdrawals * Brokers must notify regulators before large withdrawals * M...

Peregrine Financial CEO Left Suicide Note 'That Caused Alarm'

AP | DANIEL WAGNER and JIM SUHR | Posted 09.09.2012 | Business

WASHINGTON — Employees of an Iowa-based brokerage firm that has been unable to account for $220 million in customer money found their boss in hi...

Oil Price Skyrockets 9.36 Percent in Friday's Trading, Supply and Demand. Eh??

Raymond J. Learsy | Posted 09.01.2012 | Business
Raymond J. Learsy

If a bank can manipulate such a vast market, is it not conceivable that a national entity, whose economy is deeply tied to oil prices, might well attempt to bring about an analogous manipulation?

Incriminating Emails Reveal Incredibly Dumb Banker Behavior

The Huffington Post | Mark Gongloff | Posted 06.27.2012 | Business

When will bankers learn to stop sending each other dumb emails? The Barclays settlement on Wednesday of accusations it manipulated a key interest...

Bank Settles Lending Rate Manipulation Claims

Reuters | Posted 08.27.2012 | Business

* Largest fine ever imposed by CFTC, UK's FSA * Emails show traders asked for rates to be moved * U.S. g...

D.M. Levine

Market Regulator: We're Failing To Catch The 'Cheetahs'

HuffingtonPost.com | D.M. Levine | Posted 06.20.2012 | Business

Regulators are trying to catch up with the "cheetahs." That's the nickname bestowed upon high-frequency traders by Bart Chilton, a commissioner at the...

Most MF Global Execs Are Off The Hook For That Missing $1.6 Billion

The Huffington Post | Alexander Eichler | Posted 06.12.2012 | Business

When $1.6 billion of customer money goes missing, you'd think it would be easier to punish someone for it. Not so at MF Global, the brokerage firm ...

Barney Frank: Republican Lawmakers Have 'Terrible Priorities'

The Huffington Post | Alexander Eichler | Posted 06.08.2012 | Business

A proposal to slash funding for a major financial regulator is being met with strong criticism. Representative Barney Frank, a Massachusetts Democr...

Top Regulator: Congress 'Sides With Wall Street'

The Huffington Post | Alexander Eichler | Posted 06.08.2012 | Business

In the ongoing struggle to shield ordinary Americans from the risks and excesses of big banks, Congress can be counted on to stand with... the big ban...

Ex-MF Global Executive Under Fire For Sketchy Testimony

Reuters | Posted 08.07.2012 | Business

* CFO Steenkamp said he knew little about missing funds * Trustee report shows Steenkamp closely involved * Email shows ...

JPMorgan Strategy Shift May Have Led To Huge Loss

AP | MARCY GORDON | Posted 08.05.2012 | Business

WASHINGTON (AP) — JPMorgan Chase had weak controls in place to contain risk in its investment division that suffered a $2 billion-plus trading loss,...

Schneiderman: Group Tasked With Probing Mortgage Crisis Needs 'More Resources'

The Huffington Post | Alexander Eichler | Posted 05.25.2012 | Business

When it comes to getting to the bottom of the financial crisis, it seems everyone could use a little bit more help. A government task force known a...

Regulator Seeks Advice On Watering Down Volcker Rule

Reuters | Posted 07.25.2012 | Business

* US CFTC to examine hedging, market-making exemptions * Rule received new scrutiny since JPMorgan trading loss * Sheila...

Wall Street Reform: Taking a Knife to a Gunfight

Sanjay Sanghoee | Posted 07.24.2012 | Business
Sanjay Sanghoee

If Congress is truly serious about banking reform, it needs more than just well-intentioned laws: it also needs the right people to enforce those laws, it needs to give those people the resources they require to do their job properly, and it needs to pay them decently.

D.M. Levine

"Outgunned"

HuffingtonPost.com | D.M. Levine | Posted 05.22.2012 | Business

Two of the most important financial regulators in the country have a message for Congress: We need more money. At a hearing before the Senate Bank...

Debate Over New Rules Heats Up In Wake Of JPMorgan Loss

AP | MARCY GORDON | Posted 07.21.2012 | Business

WASHINGTON (AP) — Federal regulators and lawmakers are renewing the focus on financial regulation in the wake of a multibillion-dollar trading loss ...

Why a Banker Thinks Wall Street Should Be Regulated

Sanjay Sanghoee | Posted 07.21.2012 | Business
Sanjay Sanghoee

Most bankers are not the unethical and blindly greedy creatures that politicians and the media make them out to be; and there is no doubt that without the productive activities of the banking sector, no other industry in our nation would be able to survive or thrive. But that does not mean there isn't a ghost in the machine.

Richard Sandor: A Legend in Financial Innovation

Michael Martin | Posted 06.24.2012 | Business
Michael Martin

Richard Sandor is not a household name but he should be. He is quite frankly one of the most important people in finance today given his 40 years of innovation.

President Obama Speaks and the Oil Speculators React

Raymond J. Learsy | Posted 06.24.2012 | Business
Raymond J. Learsy

Natural gas, as traded today on U.S. exchanges, is a uniquely isolated American commodity and any attempt at influencing its price, overt or otherwise, would fall under the purview of the nation's anti-trust laws and its stated prohibitions to all manner of collusion.

'Milestone' Case Punishes High Frequency Trading Firm

Reuters | Posted 06.23.2012 | Business

U.S. regulators' $14 million settlement with high-frequency trading firm Optiver over oil price manipulation in 2007 is a "milestone" victory in their...

Obama vs. Speculators

Stephen Herrington | Posted 06.19.2012 | Business
Stephen Herrington

Honest consumers, both businesses and individuals, it seems are perfect rubes to be ripped off by the unscrupulous members of Wall Street.

D.M. Levine

Is This Speed Trader Killing Wall Street?

HuffingtonPost.com | D.M. Levine | Posted 04.19.2012 | Business

Mark Gorton is sitting in the Zen garden on the roof of his office in downtown Manhattan, squinting into the sunlight and telling me he's not evil. ...