Enforcement lawyers at the U.S. Commodity Futures Trading Commission have dropped a policy of acting without approval to extend investigations, according to Scott O’Malia, a Republican member who opposed the practice.
The top U.S. derivatives regulator may dwindle to just two voting commissioners and struggle to approve new rules unless the White House and Senate can overcome political hurdles to fill the vacancies by the end of the year.
Scott Hammond, the former head of criminal enforcement in the U.S. Justice Department’s antitrust division, will join Gibson, Dunn & Crutcher LLP as a partner in Washington focusing on criminal antitrust and international cartel matters.
British businessman Victor Dahdaleh paid about 40 million pounds ($64 million) in bribes to the former chairman and chief executive officer of Bahrain’s state- owned aluminum producer, a prosecutor said.
The U.S. Commodity Futures Trading Commission should delay an Oct. 2 registration deadline and give swap-trading platforms more time to meet Dodd-Frank Act regulations, Commissioner Scott O’Malia said.
The top U.S. derivatives regulator will consider a reworked proposal to limit speculation blamed for price surges in energy, wheat and other commodities after Wall Street groups successfully challenged an earlier version.
A proposal to divvy up margin payments of individual swaps users at clearinghouses rather than allowing accounts to be treated as one pool by banks representing multiple customers may make guaranteeing trades too expensive, a U.S. commodity regulator said today.