A non-US-based investment and brokerage firm agreed to settle spoofing allegations by the Commodity Futures Trading Commission by payment of a US $700,000 fine. In accepting this settlement, the CFTC emphasized the...more
1/22/2020
/ Annual Reports ,
CFTC ,
Chief Compliance Officers ,
Cooperation ,
Cryptoassets ,
Dubai ,
Enforcement Actions ,
Enforcement Statistics ,
Financial Conduct Authority (FCA) ,
Market Manipulation ,
National Futures Association ,
Securities and Exchange Commission (SEC) ,
Self-Reporting ,
Spoofing ,
Virtual Currency
Two weeks ago, a federal court of appeals sided with the Commodity Futures Trading Commission ruling that a district court could not require the testimony of three commissioners and various staff to assess whether the agency...more
11/5/2019
/ Broker-Dealer ,
CFTC ,
Civil Contempt Orders ,
Consent Order ,
Contempt ,
Criminal Contempt ,
Department of Justice (DOJ) ,
Financial Industry Regulatory Authority (FINRA) ,
Food Manufacturers ,
Gag Orders ,
Kraft ,
Market Manipulation ,
Price Manipulation ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
Spoofing
The Commodity Futures Trading Commission determined not to appeal a decision of a federal court that a well-known proprietary trading firm and its principal did not engage in manipulation or attempted manipulation as charged...more
Former Newbie Bank Trader Pleads Guilty to Criminal Charges and Settles CFTC Civil Charges for No Fine for Spoofing, Attempted Manipulation and Manipulation of Gold and Silver Futures:
David Liew, a former junior trader...more
Broker-Dealer Sanctioned US $415 Million by SEC for Violating Customer Protection Requirements:
Two Merrill Lynch entities agreed to pay sanctions of US $415 million to resolve charges brought by the Securities and...more
6/28/2016
/ Algorithmic Trading ,
Bank of America ,
Block Trades ,
CFTC ,
Chicago Mercantile Exchange (CME) ,
Customer Protection Rule ,
Enforcement Actions ,
Form PQR ,
Hackers ,
Market Manipulation ,
Merrill Lynch ,
Regulation AT ,
Subpoenas ,
UK Brexit ,
Wash Sale Rules
Bank Wins Dismissal of Lawsuit Claiming It Misled FCM About the Appropriateness of an Investment for Customer Segregated Funds: A lawsuit against JPMorgan Chase & Co., and various affiliates and employees (collectively,...more
Kraft Foods Seeks to Appeal Trial Court Ruling on CFTC Manipulation Theories: Kraft Foods Group, Inc. and Mondelez Global LLC requested permission from the federal court hearing the enforcement action by the Commodity Futures...more
1/26/2016
/ Asset Valuations ,
Canada ,
CFTC ,
European Commission ,
Futures Commission Merchants (FCMs) ,
Kraft ,
Market Manipulation ,
Price Manipulation ,
Securities and Exchange Commission (SEC) ,
SEFs ,
Swaps
NYDFS Issues BitLicense Framework for Regulating Virtual Currency Firms -
The New York State Department of Financial Services issued final regulations requiring a so-called “BitLicense” and establishing minimum...more
6/9/2015
/ Bitcoin ,
BitLicense ,
Capital Requirements ,
CFTC ,
Clearing Agencies ,
Commodities ,
Compulsory Licenses ,
European Commission ,
Final Rules ,
Financial Industry Regulatory Authority (FINRA) ,
Goldman Sachs ,
Kraft ,
Market Manipulation ,
Merrill Lynch ,
NYDFS ,
Price Manipulation ,
Securities and Exchange Commission (SEC) ,
Short Sales ,
Swaps ,
Virtual Currency
Navinder Singh Sarao, a London-based trader, was arrested at his home in the United Kingdom on April 21, 2015, and accused by both the US Commodity Futures Trading Commission and the US Department of Justice of engaging in...more
Five Banks Penalized US $3.1 Billion by CFTC and UK FCA for Attempted Manipulation of FX Benchmark Rates; OCC Fines Two of the Banks and One More an Additional US $950 Million -
The Commodity Futures Trading Commission...more