May 2022 | Volume 42 | Issue 5 Futures and Derivatives Law Report
83
Cargill , supra note 79 ; Order , Citibank , supra note 79 ; Order , Mizuho Cap . Mkts ., supra note 79 .
84
CFTC ’ s Enforcement Division Issues Staff Guidance on Recognition of Self-Reporting , Cooperation , and Remediation , CFTC ( Oct . 29 , 2020 ), https :// www . cftc . gov / PressRoom / PressRe leases / 8296-20 ; CFTC Division of Enforcement Issues Civil Monetary Penalty Guidance , CFTC ( May 20 , 2020 ), https :// www . cftc . gov / PressRoo m / PressReleases / 8165-20 ; CFTC Issues Guidance on Factors Used in Evaluating Corporate Compliance Programs in Connection with Enforcement Matters , CFTC ( Sept . 10 , 2020 ), http s :// www . cftc . gov / PressRoom / PressReleases / 8235-20 .
85
See Credit Suisse , supra note 79 .
86
See Mizuho Cap . Mkts ., supra note 79 .
87
CFTC Orders California Company to Pay $ 100,000 for Failing to Register as a Swap Execution Facility , CFTC ( Sept . 29 , 2021 ), https :// w ww . cftc . gov / PressRoom / PressReleases / 8435-21 ; Order , Symphony Commc ’ n Servs ., CFTC No . 21-35 ( Sept . 29 , 2021 ).
88
UBS AG , supra note 82 .
89
Order , JPMorgan Chase Bank , N . A ., CFTC No . 22-07 ( Dec . 17 , 2021 ).
90
Id .
91
The CFTC issued a batch of 12 enforcement actions alleging registration violations in the context of digital asset binary options on September 29 , 2021 , two days before the close of FY 2021 . See Complaint , BinanceFxTrade , CFTC No . 21-21 ( Sept . 29 , 2021 ); Complaint , Bitfxprofit , CFTC No . 21-22 ( Sept . 29 , 2021 ); Complaint , Cryptofxtrader , CFTC No . 21-23 ( Sept . 29 , 2021 ); Complaint , Excotradeoptions , CFTC No . 21-24 ( Sept . 29 , 2021 ); Complaint , Globalnationfx , CFTC No . 21-25 ( Sept . 29 , 2021 ); Complaint , MaxForexOption , CFTC No . 21-26 ( Sept . 29 , 2021 ); Complaint , Prime Expert Trade , CFTC No . 21-27 ( Sept . 29 , 2021 ); Complaint , ProCryptoMinners , CFTC No . 21-28 ( Sept . 29 , 2021 ); Complaint , ProFx-Capitals , CFTC No . 21-29 ( Sept . 29 , 2021 ); Complaint , Smarter Signals , CFTC No . 21-30 ( Sept . 29 ,
2021 ); Complaint , Star Fx Pro , CFTC No . 21-31 ( Sept . 29 , 2021 ); Complaint , TradingForexPay , CFTC No . 21-32 ( Sept . 29 , 2021 ).
92
Order , ICE Clear Europe Limited , CFTC No . 22-01 ( Oct . 6 , 2021 ).
93
See , e . g ., Order , AG Processing Inc ., CFTC No . 21-02 ( Jan . 27 , 2021 ).
94
Position Limits for Derivatives , 86 Fed . Reg . 3236 .
95
CFTC Orders Tyson Foods to Pay $ 1.5 Million for Position Limit , Reporting , and Recordkeeping Violations , CFTC ( Aug . 13 , 2021 ) http s :// www . cftc . gov / PressRoom / PressReleases / 8413-21 .
96
Curiously , the Tyson Order incorrectly cites to “ then-effective Regulation 1.48 , 17 C . F . R . § 1.48 ( 2020 ),” when no such rule was published in the 2020 edition of the CFR , and then incorrectly states that Regulation 1.48 was “ removed by Position Limits for Derivatives , 86 Fed . Reg . 3236 ” in 2021 , when it was actually removed by the 2011 Rules .
97
Order , United States Commodity Funds , LLC , CFTC No . 22-06 ( Nov . 8 , 2021 ).
98
See , e . g ., CFTC Awards Approximately $ 3 Million to Whistleblower , CFTC ( Apr . 23 , 2021 ), https :// www . cftc . gov / PressRoom / PressReleases / 8383-21 ; CFTC Whistleblower Award Determination No . 21-WB-02 ( Apr . 22 , 2021 ).
99
Whistleblower Program & Customer Education Initiatives 2021 Annual Report , CFTC ( Oct . 26 , 2021 ), https :// www . whistleblower . gov / sites / whistleblower / files / 2021-10 / FY21 % 20Cust omer % 20Protection % 20Fund % 20Annual % 20Re port % 20to % 20Congress _ 0 . pdf ; CFTC Whistleblower Award Determination No . 21- WB-06 ( May 27 , 2021 ); CFTC Whistleblower Award Determination No . 21-WB-05 ( Apr . 30 , 2021 ); CFTC Whistleblower Award Determination No . 21-WB-04 ( Apr . 30 , 2021 ); CFTC Whistleblower Award Determination No . 21- WB-03 ( Apr . 30 , 2021 ); CFTC Whistleblower Award Determination No . 21-WB-02 ( Apr . 22 , 2021 ); CFTC Whistleblower Award Determination No . 21-WB-01 ( Apr . 16 , 2021 ).
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CFTC Awards Nearly $ 200 Million to a
18 K 2022 Thomson Reuters