Position limit fine in US – Commissioner feels fine is insufficient
The CFTC has fined a meat processing company based in Mexico $35,000 for a violation of the position limits rules. The press release can be found here and the order…
German market abuse case continues, US trial for spoofing, FCA MarketWatch on “tip offs”, FIA document
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…
ISDA urges global identifier alignment
ISDA has written this letter to the Financial Stability Board (FSB) urging a better coordination of efforts worldwide to harmonise different aspects of regulatory reporting. In particular a lack of…
Articles and papers about market manipulation and surveillance
There have been several articles and papers published in recent days around market manipulation and surveillance, which may be of interest to readers: Energy spot markets - Equias has published…
Large settlement in US precious metals spoofing case and more
On Wednesday it was announced that the CFTC has agreed with the Bank of Nova Scotia that they pay $127.4 million to settle allegations of market manipulation in precious metals…
Alleged manipulation around negative oil price
Last week, allegations started to emerge of market manipulation around the negative oil price seen a few weeks ago. The story found here on Bloomberg talks about unusual profits gained…
Market abuse updates – Corona related and otherwise
There have been several reports around the selling of stocks by Senator Richard Burr, the chairman of the Senate Intelligence Committee as well as Senator Sen. Kelly Loeffler and others.…
CFTC proposes position limits rules
Last Thursday the CFTC unveiled the latest and possibly final proposal for mandatory position limits on certain commodity derivative contracts. This is the latest version of the rules which formed…
Anti abuse activity continues in the US
Anti abuse penalties continue to increase in the US following recent fines (see here). These include a settlement of $67.4 m between the CFTC and Tower Research Capital LLC for…
Investigations in Germany, anti abuse fine in the US, REMIT Quarterly
The Bundesnetzagentur, the National Regulatory Authority of Germany, has announced that it is investigating six companies for possible irregularities in the balancing market. The announcement can be found here. The…