There has been recent movement on several cases previously reported in the past days:

In Germany, the National Regulatory Authority Bundesnetzagentur has reported here that the investigation into irregularities in the balancing market in June 2019 (see here) has now resulted in administrative fine proceedings going ahead against three of the parties. According to the press release, this follows an in depth investigation into the incident.

In the US, the case against traders formerly of Deutsche Bank for spoofing has continued with the beginning of a trial for “fraud”. The trial is covered here on the Wall Street Journal web site. As reported here on the Bloomberg site, the defence has argued that the orders in question were “bluffs” rather than fraud.

The FCA has recently issued their “Market Watch” newsletter number 65, which can be found here. The newsletters opens with a section that reminds market participants that when the FCA requests information about, for example market abuse, the compliance department must take care as to how to investigate internally, especially with respect to potentially “tipping off” those who are the subject of the request.

The FIA has released “surveillance and market abuse guidelines”, which can be found here.