Statement Of CFTC Commissioner Kristin N. Johnson Regarding CFTC Orders For $700 Million Penalty Against Bank-Affiliated Entities For Offline Communications
<p><span>Today, the Commodity Futures Trading Commission (CFTC or Commission) issued a series of orders settling charges against swap dealers and affiliated futures commission merchants</span><a href="https://www.cftc.gov/PressRoom/SpeechesTestimony/johnsonstatement092722#_ftn1">[1]</a><span> (Bank-Affiliated Entities) for failing to maintain, preserve, and produce records in compliance with CFTC recordkeeping requirements and for failing to diligently supervise matters related to their businesses as CFTC registrants. These orders require ...