We are back – a catch up on anti abuse and fining activity
Following a longer than expected break, here is a catch up on anti abuse activities of interest over the past weeks since our previous post on the topic here. The…
Trader receives custodial sentence for spoofing and other anti abuse activity
A UK based trader formerly of Deutsche Bank has been sentenced to a year and a day in US prison for spoofing on the Comex exchange in precious metals futures.…
REMIT Insider Trading warning and other market abuse cases
The last weeks have seen a continuation of anti abuse activity and fines from regulators, exchanges and others since our last post here. The activity includes: A market participant in…
Anti abuse case update
The fight against market abuse continues worldwide. This post covers some interesting cases that have emerged since our last posts on the topic here and here. In Great Britain, Ofgem…
Anti abuse news – more cases and a fight back
The US Department of Justice has announced here that a man has pleaded guilty to defrauding two companies out of more than $244 million by charging for the purported costs…
Anti abuse news – more cases and investigations
As part of our catch up, this post highlights some of the anti-abuse news of interest in recent weeks. Mark Steward, Executive Director of Enforcement and Market Oversight at the…
Anti abuse news – Investigations, spikes and fines
The past weeks have seen a great deal of news around possible market manipulations, price spikes and other potentially abusive activity. Here we summarise a few of interest: The recent…
Market abuse update
While there has not been a large fine levied so far in 2021, a few anti abuse pieces of news are of note: The UK's Financial Conduct Authority (FCA) has…
Anti abuse case updates – Oil market crash and insider trading
The CFTC has published this report which investigates the oil price "crash" that occurred in April, that sent prices down to negative levels (see here). This article on Bloomberg reports…
CFTC position limits finalised
The CFTC has approved a final rule, regarding position limits for derivatives, completing the Commission’s major rulemakings related to implementation of the Dodd-Frank Act of 2010. The press release can…