The CFTC filed a civil injunctive enforcement action against a Florida-based individual and his two asset management companies for engaging in "illegal, off-exchange transactions in precious metals with retail customers." The CFTC also charged the accused individual and his companies with acting as futures commission merchants ("FCMs") without registering with the CFTC, as required by CEA Section 4d(a)(1) ("Dealing by Unregistered Futures Commission Merchants or Introducing Brokers Prohibited; Duties in Handling Customer Receipts; Rules to Avoid Duplicative Regulations"). In its complaint, the

The CFTC announced that it will award approximately $290,000 to a whistleblower for providing information about violations of the CEA.

The CFTC simultaneously filed and settled charges against a registered floor broker acting as agent for an Illinois company. The CFTC charged the individual with exceeding the spot-month speculative position limit for the Live Cattle futures contract traded on the Chicago Mercantile Exchange ("CME"). In its order, the CFTC found that on three trading days in 2010 and an additional three in 2013, the individual exceeded the spot-month speculative position limit for the CME Live Cattle futures contract. The CFTC's order requires the individual to cease and desist from further violations of CEA

The SEC hosted a conference that commemorated the 75th anniversary of the Investment Company Act and the Investment Advisers Act. The SEC noted that it currently oversees registered investment companies with a combined $17.8 trillion in assets and registered investment advisers with approximately $67 trillion in regulatory assets under management. The SEC's announcement of the 1940 Acts' 75th anniversary quotes SEC Chair Mary Jo White as saying that "[f]or 75 years, these Acts have served as a strong foundation for the Commission's regulation of the asset management industry. Their flexibility

The Board of Governors of the Federal Reserve System ("FRB") Associate Director of Banking Supervision and Regulation Thomas Sullivan stated that the FRB is constructing a domestic regulatory capital framework for its supervised insurance holding companies that is "well tailored to the business of insurance." The development of the framework stems from Congress's enactment of the Insurance Capital Standards Clarification Act of 2014 (S. 2270). This Act amended the Dodd-Frank Act provision that previously had required the minimum capital standards to be applied to any insurance holding company