To read Bridging the Week, click here.

This week’s issue addresses the following topics:

  • Five Banks Penalized US $3.1 Billion by CFTC and UK FCA for Attempted Manipulation of FX Benchmark Rates; OCC Fines Two of the Banks and One More an Additional US $950 Million
  • Speech Not Given by CFTC Commissioner J. Christopher Giancarlo Roundly Criticizes Swaps Trading Rules
  • CFTC Staff Grants Relief and Issues Clarifications Related to Customer Funds Held by FCMs for Foreign Futures and Options Trading
  • Non-US Swap Dealers With Certain Functions in the United States Granted Further Delay in Applying Certain US Transaction Level Requirements
  • Additional Delays Provided by CFTC Staff in Connection With Package Transactions
  • Rosenthal Collins Sanctioned by CFTC for Failing to Supervise Dual-Registered Salesperson Working From Other FCM’s Offices
  • Broker-Dealer Penalized US $325,000 by FINRA for Misconduct Related to the Sale of Unregistered Shares
  • FINRA Seeks Comments on Pay to Play Proposal