Last week, a commissioner at the Securities and Exchange Commission proposed a rule that would provide a bright line when a digital asset initially issued to raise funds to help develop a new network might later be regarded...more
2/11/2020
/ AML/CFT ,
Blockchain ,
Broker-Dealer ,
Cryptocurrency ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
Initial Coin Offering (ICOs) ,
Registration Requirement ,
Safe Harbors ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Virtual Currency
Employees Criminally Charged With Theft of Trade Secrets From Two Financial Services Trading Firms: One former employee of Susquehanna International Group LP (“SIG”) and another from KCG Holdings, Inc. were criminally charged...more
Alleged Spoofer, Blamed for Partly Causing Flash Crash, Loses UK Extradition Hearing -
Navinder Sarao, the London-based futures trader who in April 2015 was sued by the Commodity Futures Trading Commission and criminally...more
3/29/2016
/ Algorithmic Trading ,
AML/CFT ,
CFTC ,
Cyber Attacks ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Extradition ,
Foreign Nationals ,
Indictments ,
Prudential Regulation Authority (PRA) ,
Settlement Agreements ,
Spoofing ,
UK
BROKER-DEALER -
Change to the No-Action Relief Regarding Definition of “Ready Market” With Regard to Foreign Equity Securities Pursuant to SEC Rule 15c3-1(c)(11)(i) -
On February 9, the Securities and Exchange...more
2/15/2016
/ AML/CFT ,
Central Counterparties ,
CFTC ,
EU ,
EU Directive ,
European Commission ,
Financial Conduct Authority (FCA) ,
No-Action Relief ,
Private Placements ,
Public Offerings ,
Terrorism Funding ,
UCITS
Former MF Global CEO Claims CFTC Charges Against Him Are Meritless.
Jon Corzine, former chief executive officer of MF Global Inc. (MFG), objected to a proposed motion for summary judgment to be filed by the Division of...more
FC Stone Companies and Goldman Sachs Receive Largest Fines in CME Group’s 27 Disciplinary Actions Cascade:
CME Group handed down sanctions in 27 separate disciplinary actions last week for alleged violations of rules...more
7/28/2015
/ Alternative Investment Fund Managers Directive (AIFMD) ,
AML/CFT ,
Broker-Dealer ,
Capital Requirements ,
CFTC ,
Chicago Mercantile Exchange (CME) ,
Commercial Bankruptcy ,
Commodity Trading Advisors (CTAs) ,
Creditors ,
Dodd-Frank ,
DSIO ,
EU ,
European Securities and Markets Authority (ESMA) ,
Goldman Sachs ,
ISDA ,
Rare Earth Metals ,
Sanctions