Charles E. Dropkin

CFTC Issues Final Clearing Rules for Derivatives
Charles E. Dropkin,Peter McGowan,Steven O. Weise, April 10, 2012
On March 20, 2012, the Commodity Futures Trading Commission ("CFTC" or the "Commission") issued final rules ("Final Rules") governing the activities of clearing members of derivatives clearing organizations ("DCOs"). The Final Rules address customer clearing...

CFTC lnterpretation Addresses Retail Ponzi Schemes
Charles E. Dropkin,Peter McGowan,Vincenzo Paparo,Steven O. Weise, December 20, 2011
On December 2, 2011, the Commodity Futures Trading Commission (CFTC or the Commission) issued its interpretation of the meaning of the term "actual delivery" for purposes of Section 742(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Dodd-Frank Act), and...

Second Circuit Sidesteps Whether Equity Swaps Confer Beneficial Ownership
Charles E. Dropkin, August 19, 2011
In a recent decision in CSX Corp. v. The Children’s Investment Fund Management (UK) LLP, et al., the U.S. Court of Appeals for the Second Circuit declined to determine whether the holder of a cash-settled total return equity swap should be deemed a beneficial owner of shares held by its swap...