In a statement, Division of Enforcement Director James McDonald said, “The CFTC’s capital, reporting, and supervision requirements are critical to ensuring market integrity and the protection of customers. We will continue to be diligent in holding firms accountable for violating these regulations.”
On the other hand, Division of Swap Dealer and Intermediary Oversight Director Joshua Sterling commented, “Capital requirements are a cornerstone of the regulatory framework governing CFTC-regulated intermediaries and we will continue to monitor firms for compliance with these important rules. We look forward to continuing to work with the Division of Enforcement when firms fall short of their financial obligations.”
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