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 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…
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…
2021 – Another year of regulation begins
As in previous years, as 2021 opens, this first post will consider what could keep us busy in the regulatory world of energy and commodity trading, focused on Europe. More of…
JP Morgan set to pay $1bn for spoofing
See here for an article on Bloomberg which reports that JP Morgan are set to pay about $1bn to settle the matter of spoofing accusations that have been in the…
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…
SSE fined £2M for breach of REMIT Article 4
Ofgem, the National Regulatory Authority for Great Britain, has made this announcement publicising a fine levied on SSE Generation Limited for a breach of REMIT Article 4, the part 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…