The fight against market abuse continues with reports that the CFTC and US Justice Department is investigating alleged market manipulation in crypto currencies. The case is reported here on Bloomberg amongst other places.
A suit by a group of investors seeking damages from Total Gas & Power North America, Inc., Total S.A., and Total Gas & Power Limited for allegedly manipulating North American natural gas markets has been dismissed, according to this article on the Troutman Sanders web site. The case relates to alleged activity settled in 2015, of index manipulation. Those who brought the suit claimed that they suffered indirect damages from the alleged activity.
Also in the US, the CME has issued a fine to a company for misuse of trader IDs on Nymex. The notice can be found here.
In Europe, this article on Lexology by Sharon Grennan of Freshfields Bruckhaus Deringer LLP looks at the FCA’s recent business plan, which includes a focus this and next year on ensuring that the Market Abuse Regulation is effective.