The cross-border application of CFTC rules under Dodd-Frank has long been uncertain. Recently however, the CFTC adopted…
Felix Shipkevich is a principal of Shipkevich PLLC. His practice concentrates on futures, commodities, and derivatives regulatory, transactional, and enforcement matters. Mr. Shipkevich has a strong legal background in corporate governance, compliance, regulatory, and collateral issues associated with these areas. He performs transactional work for Futures Commissions Merchants (FCMs), Retail Foreign Exchange Dealers (RFEDs), Introducing Brokers (IBs), Commodity Pool Operators (CPOs), Commodity Trading Advisors (CTAs), Swap Dealers (SDs), Swap Execution Facilities (SEFs), and domestic and offshore hedge funds. Mr. Shipkevich guides clients on procedures related to registration with the U.S. Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA), as well as domestic and international regulators in local jurisdictions. He has represented clients in China, Japan, Southeast Asia, Ireland, Europe, Bermuda and the Caribbean, and South America. Mr. Shipkevich prepares and assists with implementation of compliance procedures for clients in the commodities and derivatives fields. He prepares procedures for anti-money laundering (AML) policy, Electronic Transmitter Service (ETS) policy, Business Continuity and Disaster Recovery (BCDR) plans, and procedures for training staff on AML, ethics, and fraud detection. Mr. Shipkevich has defended hedge funds, traders, forex firms, broker-dealers, and investment advisors as clients against enforcement actions in federal and state courts.
Prior to founding his private practice, Mr. Shipkevich was counsel of CMS Forex, a FCM and RFED, where he oversaw the firm’s offices located in New York, Bermuda, Saint Petersburg, Tokyo, and Shanghai. Prior to CMS Forex, he worked as a New York litigation attorney representing financial firms. Mr. Shipkevich also worked at AIG's Financial Institutions Group, where he supervised and managed litigation against the Securities Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) brokers. He acquired his earliest legal experience at such prestigious institutions as the division of enforcement at the SEC, New York Stock Exchange, and UBS and Bear Stearns.
In the US, the Dodd-Frank Act’s goal of ultimately requiring central clearing of swaps has slowly started…
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