Tag Archives: CFTC

SEC and CFTC Issue Final Identity Theft Rule

Last week, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) published in the Federal Register a joint rule requiring entities regulated by the agencies to adopt programs to detect and prevent identity theft.  The rule is referred to as the “red flags rule” and applies to certain broker-dealers, mutual funds, investment advisers, futures … Continue Reading

CFTC Issues Final Rule Extending Financial Privacy Requirements to Swap Dealers and Major Swap Participants

The Commodity Futures Trading Commission (“CFTC”) recently approved a final rule broadening the scope of the CFTC’s financial privacy regulations under the Gramm-Leach-Bliley Act (“GLBA”) to include “swap dealers” and “major swap participants,” two types of entities created by and subject to regulation under Dodd-Frank.  GLBA requires financial institutions to, among other requirements, establish safeguards … Continue Reading
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