Manipulation settlements and fines in the US
Last Friday FERC approved a settlement of $181m against Greenhat Energy to finalise a long running case around market manipulation in the PJM market (see here). The alleged offence involved…
Citigroup fined £12.5 million for surveillance and monitoring failings
The UK's Financial Conduct Authority has fined Citigroup Global Markets Limited 12,553,800 GBP for failure to comply with the Market Abuse Regulation Article 16(2), which requires "effective surveillance", as well…
Catch up – Traders found guilty, REMIT Quarterly and more
This blog has returned after an unexpected break. Last week, two senior traders, formerly of JP Morgan were found guilty of several offences relating to spoofing in precious metals futures…