Insights

Law360: CFTC’s Berkovitz To Reunite With Gensler As Top SEC Lawyer

Patomak Global Partners Senior Advisor Jill Sommers is quoted in a Law360 article about former CFTC Commissioner Dan Berkovitz joining the SEC as the General Counsel. An excerpt of the reporter’s story includes her reaction to the announcement: Jill…
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By: Patomak Global Partners

RealClearMarkets: Mark-to-Market Taxation Will Harm Us All

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Consider it a warning sign when legislation coming off Capitol Hill includes language – even before it is enacted – indicating a federal agency will need to simplify its related rules. As former Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) Commissioners, we know too well the complexities in implementing rules to carry out legislative intent.

It Is Wiser to Find Out Than Suppose . . . Sometimes

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Mark Twain is credited with coining the phrase “it is wiser to find out than suppose” and at times the maxim holds true today, particularly by any regulated community. Earlier this summer, the Commodity Futures Trading Commission (CFTC)…

Patomak Webinar: Financial Services Regulatory and Enforcement Outlook for 2021

As the Biden Administration nears its 100 day mark and as agency leaders are confirmed in their roles, the new Administration's work of governing is getting underway. Patomak hosted a webinar moderated by Paul Atkins, and featuring former SEC, CFTC, Department of Justice, Department of Treasury, and CFPB officials who shared their expectations for how agencies will operate and how organizations can best prepare.

2020 Enforcement Guidance

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Jill Sommers and Jamila Piracci write that the Commodity Futures Trading Commission (CFTC), the Securities and Exchange Commission (SEC), and the Department of Justice (DOJ) have all issued 2020 guidance informing market participants about evaluations and determinations by enforcement staff and prosecutors in conjunction with their respective enforcement actions. While the agencies differ in mission, an examination of the guidance finds common themes and approaches.

Patomak’s Paul Atkins Hosts Webinar Featuring Agency Leaders on Cryptocurrency, Blockchain, and the Evolution of a Central Bank Digital Currency

The November 13 discussion examined the pros and cons of blockchain and cryptocurrency and how it intersects with active central bank digital currency pilot programs underway around the globe.

CFTC Home Improvement

Based on his 3+ years serving as Monitor in a major swaps reporting case, Patomak Global Partners CEO Paul Atkins shares his views on swaps-data reporting improvements that can be implemented industrywide. The CFTC considers new swaps reporting rules September 17.

The CFTC Votes to Provide Firms More Time and Clarity Around Initial Margin for Uncleared Swaps

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The Commodity Futures Trading Commission (CFTC) voted 5-0 during its open meeting on May 28 to adopt an interim final rule to extend the September 2020 compliance date (Phase 5) for regulatory Initial Margin (IM) , to September 1, 2021.

Upcoming CFTC Meeting may Bring Margin of Relief

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On Thursday, May 28, the CFTC will hold a public meeting to consider extending the compliance schedule for initial margin requirements for uncleared swaps in response to the COVID-19 pandemic, in line with the Global Markets Advisory Committee recent endorsement of subcommittee recommendations.

WSJ: Sanders’s Tax Would Hit Small Investors

Patomak Global Partners Senior Advisor Fred Hatfield writes in a WSJ opinion piece, ”I share my fellow Democrats’ concerns about income inequality and the need for a fairer tax system. But the presidential candidates would do well to drop one of their talking points: a financial transaction tax.“
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By: Patomak Global Partners