Securities Regulation Daily Wrap Up, WORTH NOTING—Other litigation, regulatory activity and industry news, (Jun 18, 2026)
Organizations Mentioned:CME Group | EnCana Holdings Finance Corp. | Financial Crimes Enforcement Network | Magellan Securities, Inc. | National Futures Association | Newpark Resources, Inc.
By WK Editorial Staff
A weekly roundup of items of interest to the securities, derivatives and corporate governance communities.
INVESTOR EDUCATION—NASAA observed World Elder Abuse Awareness Day with a warning about the AI-driven surge in scams involving impostors and deepfakes. The group’s most recent enforcement report revealed more than 1650 state and provincial regulatory investigations into senior financial abuse in 2024. The latest release suggests three steps to ward off fraud: appointing a trusted contact, talking opportunities over before investing, and verifying the investment and the adviser touting it.
CFTC NEWS AND SPEECHES—CFTC Chairman Michael Selig has announced two senior staff appointments, Donald Battle as chief data innovation officer at the agency, and J Matthew Haws as senior advisor and Chicago regional administrator. “I am thrilled to welcome Don Battle to the CFTC,” Selig said. “Don brings a wealth of expertise in data science, blockchain forensics, programming interfaces, and cutting-edge AI solutions.” Battle joins the CFTC from the SEC, where he served as a senior advisor to Commissioner Hester Peirce on the agency’s Crypto Task Force and as assistant director in the Enforcement Division’s Data Science Group. Prior to his position at the SEC, Battle served as a virtual currency enforcement officer at the Financial Crimes Enforcement Network (FinCEN) at the U.S. Department of Treasury.
CFTC NEWS AND SPEECHES—The CFTC’s Division of Clearing and Risk, Division of Market Oversight, and Market Participants Division announced they have taken no-action positions related to a request from three service providers, Capitolis Partners LLC, Quantile Technologies Limited (part of the London Stock Exchange Group plc), and TriOptima AB (as part of OSTTRA) that offer post-trade risk reduction services (PTRRS) for swaps in the form of portfolio rebalancing and basis risk mitigation. The letter provides a no-action position to the service providers for failure to register as swap execution facilities and notes they have registered with CFTC as introducing brokers subject to compliance with CFTC regulations and National Futures Association rules. The no-action letter reiterates the discussion of risk reduction services in the Commission’s 2020 Part 43 final rule and clarifies that if PTRRS meets the description in that adopting release then those services do not meet the definition of a publicly reportable swap transaction and are not subject to the real-time public reporting and dissemination requirements in Part 43.
EXCHANGES AND MARKET REGULATION. CME Group announced its longest-serving chairman and chief executive officer, Terry Duffy, will transition to executive chairman on March 1, 2027. Lynne Fitzpatrick, currently president and chief financial officer, will be named chief executive officer and will join the CME Group Board of Directors at that time. Duffy has been at the helm of CME Group for more than 25 years when he was appointed chairman in 2002, then executive chairman in 2006 and chairman and chief executive officer in 2016.
RISK MANAGEMENT. The FIA has filed comment letters responding to a U.S. federal banking regulators' proposal to revise capital standards for Category I and II banking organizations, including the implementation of Basel III’s enhanced risk-based approach (ERBA) in the US, as well as proposed changes to the Federal Reserve’s capital surcharge for US global systemically important bank holding companies (GSIBs). The revised rules, released in March, would replace the July 2023 Basel III Endgame proposal and the G-SIB Surcharge Proposal. The FIA said it supports revised U.S. bank capital proposals, but the industry group urged further several refinements to support central clearing. FIA’s recommendations include revising the proposed cross-product netting methodology to ensure that the risk-reducing benefits of cross-product netting are appropriately reflected in the framework.
IndustryNews: CFTCNews ClearanceSettlement ExchangesMarketRegulation InvestorEducation RiskManagement Swaps