LexisNexis® Legal Newsroom
Are You a CPO?

The first question is what is a CPO and why should I care ? The Commodities and Futures Trading Commission decided to tighten the exemptions from registration potentially pulling some hedge funds and private equity funds that previously ignored the CFTC. Davis Polk held a webinar on this topic ....

CFTC Sanctions JPMorgan Over Handling of Lehman Customer Funds

Resurging enforcement officials at the Commodity Futures Trading Commission brought another significant enforcement action this week. The settled proceeding was against JPMorgan Chase Bank, N.A. It arose out of the unlawful handling of customer segregated funds belonging to Lehman Brothers Inc. customers...

JPMorgan to Pay $20 Million for Alleged Misuse of Lehman Funds

WASHINGTON, D.C. - (Mealey's) JPMorgan Chase Bank NA on Wednesday agreed to pay $20 million to settle a U.S. Commodity Futures Trading Commission (CFTC) suit alleging that it mishandled Lehman Brothers Inc. customers' funds during Lehman's collapse ( In re: JPMorgan Chase Bank NA , No...

CFTC Rescinds a Popular Private Fund Manager Exemption

Excerpt: On February 8, 2012, the Commodity Futures Trading Commission ("CFTC" or "Commission") issued final regulations that repeal the commodity pool operator ("CPO") registration exemption widely used by the operators of private funds offered only to highly sophisticated...

Lloyds to Pay $370M to Settle Libor Manipulation Claims in U.S., U.K.

WASHINGTON, D.C. — (Mealey’s) Lloyds Banking Group plc has agreed to pay a total of $370 million to settle claims with U.S. and British agencies alleging that Lloyds violated various laws by manipulating the London Interbank Offered Rate (Libor), according a press release issued by the Department...