The senators pointed to ongoing irregularities in aluminum trading in a letter to the Commodity Futures Trading Commission.
Cohen proved to be a stickler for the letter of the law when it came to paying the criminal penalty imposed on his former hedge fund. The NYT reports.
Four firms related to Hunter Wise and their management were ordered to pay more than $108 million in a fraud case it launched in 2012.
The U.S. Federal Reserve was pressing JPMorgan Chase & Co to distance itself from its metals warehousing business more than a year ago.
Senate Majority Leader Harry Reid's decision to blow up the filibuster on presidential nominations may raise new fiscal crisis risks.
The President is nominating top Treasury Department official Timothy Massad as head of CFTC, the agency that regulates the futures and options market.
David Meister is planning to step down as head of CFTC enforcement, even as big battles against financial titans have yet to play out.
Bart Chilton, the CFTC's commissioner, has sent a letter to Ben Bernanke urging the Fed to draft a tougher Volcker Rule so banks can no longer speculate in commodity markets.
JPMorgan is exiting physical commodities trading, the bank said in a surprise statement on Friday, as Wall Street's role in the trading of raw materials comes under unprecedented political and regulatory pressure.
Three years after Dodd-Frank was passed, the alphabet soup of banking regulators collaborating to write some 400 new industry rules are just 39 percent done.
On years of suspicion over inflated metal prices, the CFTC has put Wall Street banks on notice for a possible probe into their metals warehousing businesses.
An energy trading firm is being charged with manipulating markets through "spoofing," an increasingly frequent scheme in which false bids are submitted and then pulled back