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…
Deutsche Bank fined $10.25m for spoofing and reporting failures
Last week the CFTC announced here that a settlement has been reached with Deutsche Bank for two enforcement matters relating to spoofing and reporting. The reporting issue is covered by…
Market abuse catchup – REMIT fine, inside information guidelines and more
There has been a great deal of anti abuse activity taking place since this blog "took a break" a few weeks ago. Some of the news includes the following: ACER…
New book available
A new book by Aviv Handler on the rules covered by this blog is now available from the publisher, Risk Books. The book is titled "Navigating European Energy and Commodity…
REMIT investigations, papers and penalty analysis
Last week Montel published this article which reported that the Bundesnetzagentur(German National Regulatory Authority) has opened an investigation into potential REMIT infringements by 11 firms, relating to activity in June…
Insider trading accusation in commodities – balancing investigation closed in Germany
Following accusations of insider trading by US Senators relating to the Corona virus a few weeks ago (see here), it has been reported that an investigation has opened into trading…
Improper record keeping and monitoring penalty
A broker has been fined just over 83,000 GBP (after applying an early settlement discount) by ICE Futures Europe for failure to keep proper records of activity and improper monitoring.…
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.…
FCA’s Call for Input on accessing and using wholesale data
Last week the UK's Financial Conduct Authority(FCA) released this Call for Input(CFI) on "Accessing and using wholesale data". The CFI covers: Trading data Benchmarks Market data vendor services The CFI…