Regulation & Enforcement

New Head of CFTC’s Whistleblower Office Highlights Potential Rewards for Reporting Fraud

New Head of CFTC’s Whistleblower Office Highlights Potential Rewards for Reporting Fraud

Sixty years ago, Fred Schwed penned “Where Are the Customers’ Yachts?” The title was inspired by a tale from over a century ago when a visitor in New York marveled at the lavish yachts owned by Wall Street insiders who profited from dispensing financial advice. This visitor pondered the absence of yachts belonging to the customers themselves, highlighting the stark reality that providing financial advice yields far more profit than receiving it. Today, there are new contenders for lavish yachts; whistleblowers. 

The new head of the CFTC’s Whistleblower Office, Brian Young, might be able to help you secure that big yacht if you’ve witnessed and reported commodity fraud to the CFTC Whistleblower Office, resulting in a recovery of more than $1 million from a CFTC enforcement action. 

Industry Analyst Larry Tabb Discusses Cryptocurrencies, AI, and Market Dynamics at FIA Futures Conference

Industry Analyst Larry Tabb Discusses Cryptocurrencies, AI, and Market Dynamics at FIA Futures Conference

At the FIA International Futures Industry Conference in Boca Raton, FL, John Lothian News conducted an  interview with Larry Tabb of Bloomberg Intelligence as part of the JLN Industry Leader video series sponsored by Wedbush. Tabb, known for his expertise in industry and market analysis, shared  his insights into cryptocurrencies, artificial intelligence, equity options growth and increased demand for U.S. equities during non-traditional market hours. 

De’Ana Dow Reflects on Trailblazing Regulatory Career and FIA Hall of Fame Induction: From Audit Trails to Advocacy

De’Ana Dow Reflects on Trailblazing Regulatory Career and FIA Hall of Fame Induction: From Audit Trails to Advocacy

At the FIA International Futures Industry Conference in Boca Raton, FL, De’Ana Dow, partner at Capitol Counsel LLC and inductee into the FIA Hall of Fame Class of 2024, was interviewed by John Lothian News. Dow expressed surprise at her Hall of Fame nomination, saying, “I was completely shocked… never in a million years did I think I’d be considered, let alone selected.”

CFTC Chairman Rostin Behnam Discusses Market Volatility, Data-Driven Culture, and Future Initiatives at FIA Futures Conference

CFTC Chairman Rostin Behnam Discusses Market Volatility, Data-Driven Culture, and Future Initiatives at FIA Futures Conference

At the FIA’s International Futures Conference in Boca Raton, FL, John Lothian News interviewed CFTC Chairman Rostin Behnam on topics ranging from the CFTC’s reaction to the death of former CFTC Chief of Staff Mike Gill to making the CFTC a more data driven culture to using Little Orphan Annie as the spokesperson for its AI fraud initiatives. The latter refers to the AI announcement I rewrote using ChatGPT as if done by Little Orphan Annie.

Prometheum Founder and Soc. Gen Executive Discuss Blockchain, Crypto Regulation, and Special Purpose Broker Dealers

Prometheum Founder and Soc. Gen Executive Discuss Blockchain, Crypto Regulation, and Special Purpose Broker Dealers

Prometheum founder Aaron Kaplan and Thomas Sullivan, a managing director at Societe Generale, recently discussed blockchain, crypto regulation, and special purpose broker dealers in a podcast interview with John Lothian of John Lothian News. They explored how blockchain technology is poised to enhance market efficiency by streamlining operations. Kaplan highlighted the inefficiencies in traditional Wall Street systems and stressed the advantages of instantaneous settlement and improved record-keeping that blockchain can offer.

Andy Yemma – John Lothian Profiles, Part Two

Andy Yemma – John Lothian Profiles, Part Two

which came as a shock to him. While he noted that CME traders often violated exchange rules and occasionally faced CFTC cases, the magnitude of the FBI case was unprecedented. Yemma’s initial awareness of the FBI case came from Bill Crawford, a former Tribune reporter who had experience as a police reporter and then covered the exchanges.

Trading Technologies Executive Alice Pocklington Discusses APAC Expansion and Growth Prospects at FIA Asia 2023

Trading Technologies Executive Alice Pocklington Discusses APAC Expansion and Growth Prospects at FIA Asia 2023

Trading Technologies (TT) Executive Vice President for Asia Pacific, Alice Pocklington, recently sat down for an interview with John Lothian News during FIA Asia 2023. Pocklington, who has resided in Singapore for the past 12 years, discussed her background and her role in overseeing and unifying the Asian region within TT’s leadership team.

“I was brought in to really oversee Asia and really unify the region and give a voice to Asia on the leadership team,” Pocklington said.

ICE’s Chris Edmonds Expands on Crypto Commentary in JLN Video Interview

ICE’s Chris Edmonds Expands on Crypto Commentary in JLN Video Interview

Last Friday John Lothian News interviewed ICE Chief Development Officer Chris Edmonds about the commentary he wrote that JLN published and why he wrote it and what he was trying to accomplish.

We asked him what lessons were learned from the BAKKT experience and what was ICE trying to accomplish with the exchange and clearing offering and what didn’t work?

Edmonds said the lesson learned was that the market did not want a physically delivered bitcoin contract.

Exchange Analytics’ Joe Adamczyk Interviewed by John Lothian On the Road in Sarasota

Exchange Analytics’ Joe Adamczyk Interviewed by John Lothian On the Road in Sarasota

During my recent trip to Florida, I met up with Joe Adamczyk, the owner of Exchange Analytics, to talk about the firm, its history and future. 

Adamczyk relocated to Sarasota, Florida to get away from the harsh winters of Chicago. I met up with him in a Panera on the south side of Sarasota. I asked him just six questions and let him talk. He told me about the history of the firm, why it was started and how he got involved.

Is the era of the traditional FCM model coming to an end?

Is the era of the traditional FCM model coming to an end?

No, at Abaxx Exchange we don’t believe the era of the traditional FCM model is coming to an end, nor should it be. However, the recent Risk.net article “Brokers slam CME over ‘conflict of interest’ in FCM plan’ made us realize that not everyone may feel the same way, and we need to make our case for the raditional FCM model.

Some exchange groups ranging from the largest that date back more than a century to the digital asset focused upstarts have asserted that risk mutualization processes — currently favored and handled by FCMs — can and should be disintermediated.

CFTC Chairman Rostin Behnam Gears Up for Full CFTC

CFTC Chairman Rostin Behnam Gears Up for Full CFTC

Rostin Behnam had the advantage of being a CFTC commissioner since 2017 before being confirmed as chairman in December of 2021, giving him insight into the organization and good working relationships with its staffers.

JLN spoke to Behnam at the International Futures Industry Conference in Boca Raton, Fla., about the start of his chairmanship and what he hopes to accomplish.

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First Read Hits & Takes John Lothian & JLN Staff Today we have part three, the final segment, of our Open Outcry Traders History Project interview with George Hanley. Hanley talks about some of the educational and charitable endeavors he has funded to promote...

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