The Commodity Futures Trading Commission obtained orders from a federal court in New York concluding its first-filed enforcement action against persons for bitcoin fraud. However, the outcome of an unrelated action having...more
10/22/2018
/ Algorithmic Trading ,
Bitcoin ,
CFTC ,
Corporate Fines ,
Cryptocurrency ,
Cyber Attacks ,
Dodd-Frank ,
Enforcement Actions ,
Fraud ,
Internal Controls ,
Regulation AT ,
Restitution ,
Suspicious Activity Reports (SARs)
An international bank settled an enforcement action brought by the Commodity Futures Trading Commission for spoofing. However, in the process, the CFTC went out of its way to laud the bank for self-reporting the incident, as...more
10/15/2018
/ Banks ,
Bitcoin ,
CFTC ,
Cooperation ,
Cryptocurrency ,
Cyber Attacks ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Self-Reporting ,
Spoofing ,
UK
Last week, a futures commission merchant settled an enforcement action brought by the Commodity Futures Trading Commission, claiming that it failed to supervise a third-party technology provider it engaged to implement...more
Innocuous Changes in CME Group Globex Rule Could Inadvertently Increase Potential FCM Liability Bigly: CME Group announced amendments to its rule related to Globex order entry that will affirmatively require all persons that...more
Jon Corzine Agrees to US $5 Million Fine and Registration Ban to Settle CFTC Charges Related to Collapse of MF Global; Edith O’Brien to Pay US $500,000: Jon Corzine agreed to resolve charges brought by the Commodity Futures...more
1/10/2017
/ Alternative Trading System (ATS) ,
Appointments Clause ,
Benchmarks ,
CFTC ,
CME NYMEX ,
Cyber Attacks ,
Electronic Records ,
Enforcement Actions ,
Futures Commission Merchants (FCMs) ,
Goldman Sachs ,
ISDA ,
Material Nonpublic Information ,
Whistleblower Protection Policies
Non-Member Tipper and Tippee Fined by CME Group for Insider-Trading Type Offenses; Two Member Firms Fined for Algo System Gone Wild -
Two apparently related non-members of the Chicago Mercantile Exchange agreed to be...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
I. Cybersecurity; Its Importance and Relevance – How We Got to Where We Are Today -
In the past few months, the White House, Home Depot, JP Morgan, Hard Rock Hotels, Tesla, the St. Louis Federal Reserve, the Internal...more
6/24/2015
/ Best Practices ,
CFTC ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Department of Justice (DOJ) ,
Federal Trade Commission (FTC) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
NASD ,
NFA ,
Popular ,
Regulation S-P ,
Regulatory Agencies ,
Regulatory Agenda ,
Risk Assessment ,
Risk Mitigation ,
Securities and Exchange Commission (SEC) ,
Strategic Planning