Futures Industry Investigation: Briefings Before the Subcommittee on Conservation, Credit, and Rural Development of the Committee on Agriculture, U.S. House of Representatives : April 18, 1989, Regulatory Structure and Registration System; May 24, 1989, Audit Trail Reviews; June 21, 1989, Sales Practices; June 28, 1989, Trade PracticesU.S. Government Printing Office, 1989 - 358 páginas |
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Página 7
... fines or , ultimately , to taking away their right to do business . It can also remove the registration of NFA . CFTC ... fine , or it can choose to refer the case to the attorney general for criminal action , with penalties of $ 100,000 ...
... fines or , ultimately , to taking away their right to do business . It can also remove the registration of NFA . CFTC ... fine , or it can choose to refer the case to the attorney general for criminal action , with penalties of $ 100,000 ...
Página 8
... fine . The registration operations have been delegated to the National Futures Association , NFA , except for the categories of leverage transaction merchants and their associated persons . The Commis- sion expects to delegate these ...
... fine . The registration operations have been delegated to the National Futures Association , NFA , except for the categories of leverage transaction merchants and their associated persons . The Commis- sion expects to delegate these ...
Página 13
... fine . The registration operations have been delegated to the National Futures Association , NFA , except for the categories of leverage transaction merchants and their associated persons . The Commis- sion expects to delegate these ...
... fine . The registration operations have been delegated to the National Futures Association , NFA , except for the categories of leverage transaction merchants and their associated persons . The Commis- sion expects to delegate these ...
Página 36
... fine schedule to a letter reminding the offender that a certain rule must be followed . The Each SRO watches for four general types of violations . first is violation of financial integrity rules . The second is violation of trading and ...
... fine schedule to a letter reminding the offender that a certain rule must be followed . The Each SRO watches for four general types of violations . first is violation of financial integrity rules . The second is violation of trading and ...
Página 38
... fines or , ultimately , to taking away the right to do business in one or all of the designated It can remove the registration of NFA . contracts . CFTC can discipline a person in the industry through ... fine of up to $ 100,000 . It can 38.
... fines or , ultimately , to taking away the right to do business in one or all of the designated It can remove the registration of NFA . contracts . CFTC can discipline a person in the industry through ... fine of up to $ 100,000 . It can 38.
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Términos y frases comunes
applicant associated persons audit trail background checks Board of Trade Business Conduct Committee CBOT cease & desist CFTC Chairman CHERRY Chicago Mercantile Exchange clearing member CME RULES COLEMAN COMEX Commodity Exchange Commodity Exchange Act complaint Compliance Department contract market Cotton Exchange criminal record customer orders desist order detect disciplinary actions disciplinary committees employees ENGLISH exchange officials Exchange rules Exchange's execution fast market fines firms floor broker futures contracts futures trading GRANDY individual investigations involved LAVALLE market surveillance membership Mercantile Exchange Minneapolis Grain Exchange National Futures Association NFA's NYFE NYMEX offense Office options penalties percent personnel pit card prearranged trading prohibited registration system regulations regulatory responsible rule violations sales practice settlement statement subcommittee TAROSKY trade practice violations trading abuses trading ahead trading cards trading opposite trading violations transaction warning letter York Futures Exchange York Mercantile Exchange
Pasajes populares
Página 116 - A member, in the conduct of his business, shall observe high standards of commercial honor and just and equitable principles of trade.
Página 231 - In upon the floor of the exchange (except when in exchange for cash property " must be executed in the open market in the exchange hall during the hours of regular trading and under no circumstances shall any member, firm, or corporation assume to have executed any of such orders or any portion thereof by acting as agent for both buyer and seller either directly or indirectly, in their own name or that of an employee, broker, or other member of the association: Provided, That on transactions where...
Página 231 - All orders received by any member of this Association, firm or corporation, doing business on Change, to buy or sell for future delivery any of the commodities dealt in upon the Floor of the Exchange (except when in exchange for cash property) must be executed in the open market in the Exchange Hall during the hours of regular trading and under no circumstances shall any member, firm or corporation assume...
Página 232 - No member shall be directly or indirectly interested in or associated in business with, or have his office directly or indirectly connected by public or private wire or other method or contrivance with, or transact any business directly or indirectly with or for...
Página 231 - ... suspended or expelled as the governing committee may determine. In this series of amendments last year we went even further and created a presumption of knowledge in section 3 of article XII of our constitution, which reads as follows: Purchases or sales of securities or offers to purchase or sell securities made for the purpose of upsetting the equilibrium of the market or bringing about a condition in which prices will not fairly reflect market values, are forbidden.
Página 231 - ... by reason of his relationship to such other person, except pursuant to paragraph (c) of this section or at the request of an authorized representative of the Commission or the contract market. (e) Prohibit such member from taking, directly or indirectly, the other side of any order of another person revealed to him by reason of his relationship to such other person, except with such other person's prior consent and in conformity with contract market rules approved by the Commission. (f) Prohibit...
Página 137 - ... handling of their accounts or orders; (5) Investigation of all other alleged or apparent violation of such bylaws, rules, regulations and resolutions; (6) Such other surveillance, record examination and investigation as is necessary to enforce such bylaws, rules, regulations and resolutions; and (7) A procedure which results in the taking of prompt, effective disciplinary action for any violation which is found to have been committed. (b) Each contract market shall keep full, complete, and systematic...
Página 199 - New York Cotton Exchange New York Futures Exchange New York Mercantile Exchange Newsprint Service Bureau Nuclear Exchange Corp.
Página 231 - ... with knowledge of the purpose thereof, or who, with such knowledge, shall be a party to or assist in carrying out any plan or scheme for the making of such purchases or sales or offers to purchase or sell, shall be deemed to be guilty of an act inconsistent with just and equitable principles of trade.
Página 95 - Mr. Chairman, I would like to state that we are very proud of the Coast Guard in Texas, and still hope for a new vessel down there to help patrol in the place of the old one that we have. The CHAIRMAN. Thank you very much. We will recess, subject to the call of the Chair. (Whereupon, at 12 :40 pm, the committee was recessed...