JP Morgan Securities LLC, a registered futures commission merchant and swap dealer, agreed to pay a civil monetary penalty to settle CFTC charges that it failed to maintain adequate systems for reconciling exchange and clearing fees for trading of Chicago Mercantile Exchange products.
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The House of Representatives passed the "Helping Angels Lead Our Startups Act." The "HALOS Act" purports to "clarify the definition of general solicitation under Federal securities law" as it relates to certain communications by "angel investor groups."
The CFTC granted an Order of Registration to ICE Endex Markets B.V., a foreign board of trade ("FBOT") located in Amsterdam. The Order permits identified Endex members or U.S. participants to enter trades directly into the Endex electronic order entry and trade matching system.
The Port Authority of New York and New Jersey agreed to pay a $400,000 penalty to settle SEC charges that it failed to inform investors of known risks related to $2.3 billion in bonds for New Jersey roadway projects.
CFTC Chair Timothy Massad urged regulators to "address the causes" of the "discontent" that led to Brexit and the outcome of the U.S. presidential election, but "not [to] reverse the reforms made since the crisis."