Will the fourth time be the charm? This week, the Commodity Futures Trading Commission will try for the fourth time since 2011 to revise its speculative position limits rules. Details have not been made public, but Heath...more
1/28/2020
/ Aiding and Abetting ,
Blockchain ,
Bona Fide Hedging ,
CBOE Futures Exchange (CFE) ,
CFTC ,
Criminal Prosecution ,
Derivatives ,
Dodd-Frank ,
Enforcement Actions ,
Initial Coin Offering (ICOs) ,
Position Limits ,
Proposed Amendments ,
Proposed Regulation ,
Proposed Rules ,
Securities and Exchange Commission (SEC) ,
Spoofing ,
Swaps
It was not part of the recently concluded Golden Globes ceremony, but last week both the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations and the Financial Industry Regulatory Authority...more
1/14/2020
/ Aiding and Abetting ,
Broker-Dealer ,
Business Continuity Plans ,
CFTC ,
Digital Assets ,
Financial Industry Regulatory Authority (FINRA) ,
Form CRS ,
Hong Kong Securities and Futures Commission (HKSFC) ,
OCIE ,
Regulation BI ,
SEC Examination Priorities ,
Securities and Exchange Commission (SEC) ,
Swap Dealers
(You Say Security, I Say Utility; Midtrial Acquittal) -
The Securities and Exchange Commission’s FinHub group issued guidance last week, providing a checklist of characteristics to help determine whether a cryptoasset may...more
4/9/2019
/ Aiding and Abetting ,
Blockchain ,
CFTC ,
Criminal Conspiracy ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
FinHub ,
Howey ,
Initial Coin Offering (ICOs) ,
No-Action Letters ,
Securities and Exchange Commission (SEC) ,
Smart Contracts ,
Token Sales ,
UK Brexit
Not the spoofer, but the person alleged to have developed the computer program used by the spoofer to conduct his illicit futures transactions goes on trial this week in a criminal action brought by the Department of Justice....more
4/2/2019
/ Aiding and Abetting ,
Broker-Dealer ,
CFTC ,
Criminal Prosecution ,
Cryptocurrency ,
Department of Financial Services ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Securities and Exchange Commission (SEC) ,
Spoofing ,
Whistleblowers
The Commodity Futures Trading Commission issued guidance to registered trading facilities and clearinghouses related to the listing of new derivatives contracts based on virtual currencies that contained a cryptic warning,...more
Price Protection Is Price Protection Is Price Protection – Unless It’s FCM Activity Says CFTC: Davisco Foods International, Inc., an international cheese and food ingredient company headquartered in Le Sueur, Minnesota,...more
CFTC Sues Lawyer in Federal Court for Aiding and Abetting Clients’ Legal Violations -
Jay Grossman, a Florida-based attorney, was sued by the Commodity Futures Trading Commission in a federal court in Florida for...more