Insights

SBSD De Minimis Threshold Phase-In: Potential Relief Ahead, but Firms Should Prepare for All Scenarios

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Summary Situation Overview: The SEC’s temporary de minimis thresholds for security-based swap dealing activity ($8 billion for credit default swaps and $400 million for non-CDS) are scheduled to change following the expiration of the current…

Spoofing Enforcement Cases and Steps to Protect Your Firm

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Summary Situation Overview: Domestic and foreign regulators continue to pursue actions against firms for spoofing and market manipulation activities. What: There is a continuing need for vigilance in detecting and preventing spoofing, particularly…

Pamela Geraghty Joins the CFTC Observer Podcast

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Patomak’s Pamela Geraghty joined The CFTC Observer Podcast to share an insider’s perspective on the derivatives industry and her time at the Commodity Futures Trading Commission. She discussed the agency’s evolving regulatory priorities,…

Patomak Team Supports PrizePicks as First Sports Entertainment-Focused Futures Commission Merchant with the CFTC and NFA

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Patomak Global Partners was honored to be a part of the team supporting PrizePicks as it registered as the first Sports Entertainment-focused Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and National…

Patomak Promotes Sommers and Hires New Senior Advisor and Communications Lead

WASHINGTON DC – Patomak Global Partners is proud to announce that Jill Sommers has become Chair of Patomak’s growing Derivatives Practice Group. The firm also welcomes Jason Chung as Senior Advisor and Sabrina Fang as the new head…

CFTC Reminds Non-U.S. Swap Dealers of Annual Report Requirements in Newly Issued Advisory

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On December 2, the CFTC reminded non-U.S. swap dealer chief compliance officers of annual reporting requirements. This Staff Advisory asserts that many non-U.S. swap dealers have been deviating from chief compliance officer annual reporting…

Swap Dealers Face Further Enforcement Orders in 2022

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CFTC and NFA have issued more than 15 enforcement orders against swap dealers in 2022. Five key pitfalls stand out as a common denominator: failure to report to Swap Data Repositories, failure to provide sufficient disclosures to counterparties,…

CFTC Foreshadows Future Action in Carbon Markets

This event highlights limits of CFTC authority in voluntary carbon markets It exposes likely CFTC focus to be enforcement against greenwashing and additional standards development Patomak can help companies navigate compliance and…

Patomak Team Supports FalconX as First Cryptocurrency-focused Swap Dealer with the CFTC

Patomak Global Partners was honored to be a part of the team supporting FalconX as it registered the first cryptocurrency-focused swap dealer with the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA). FalconX…

Four Take-Aways from CFTC Year-End Enforcement

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In September 2021, just days prior to its fiscal year end, the Commodity Futures Trading Commission (CFTC) announced enforcement actions against four Swap Dealers, with monetary fines ranging from $750,000 to $1.5 million. Here are four takeaways…