Insights

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…

Options Market Participants Face New Regulatory Inquiries; Tried and True Remedies Are the Solution

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As families get through back-to-school checklists, Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) are similarly going through their own regulatory check lists for options market participants. There are several new regulatory sweeps and enforcement inquiries being sent out now to options market participants, including questions about suitability, payment for order flow (PFOF), surveillance, and regulation of short sales issues.

Central Counterparty Clearing; A New White Paper Serves as a Useful Foundation for the Ongoing Regulatory Dialogue

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A new white paper by the Options Clearing Corporation, outlines the role of CCPs, examines clearing “resiliency, recovery and resolution” and offers feedback to the ongoing dialogue about CCP regulation and industry resilience.

Teleforum: How To Put Your Best Foot (or Face) Forward in Virtual Regulatory Exams During This Time of COVID-19

Patomak Global Partners hosted a teleforum featuring Patomak Chief Executive Paul Atkins; Managing Director Laura Magyar; Director Jamila Piracci; Senior Adviser Paul Allan Schott; SEC Associate Regional Director Donna Esau; and Mike Otten,…