Anti abuse forum deadline near – FCA STOR statistics
There is only one week to go until the open anti-abuse forum is to be held in London, on 9th March 2020. Registration is available here and will close within…
Two weeks to the anti-abuse forum – and case updates
There are two weeks to go until the 3rd anti-abuse forum is held in London, on 9th March 2020. ETR Advisory and the Market Abuse Centre jointly organise the events…
More anti abuse activity
In addition to the REMIT fines announced last week (see here) and the week before (see here) there has been other anti abuse activity this year: In the US, this…
ESMA MAR documents – more regulatory activity expected
ESMA released a series of documents relating to MAR towards the end of last week: STOR peer review report (here) - The report reveals that the number of STORs submitted…
Fines in the financial markets
A 2 million Euro fine has been issued under MAR to ABN Amro for late disclosure of inside information. The notice can be found here. In the UK, the PRA…
More US anti abuse activity – precious metals – more spoofing
Following the charging of several individuals earlier this year (see here) an additional trader, formerly of JP Morgan Chase and Co, has been charged with market manipulation in precious metals…
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…
One week to the 2nd open anti-abuse forum
The 2nd open anti-abuse forum for the energy and commodities will take place in Amsterdam on the 11th November 2019, in one week's time. There are still a few places…
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…
Tullet Prebon fined £15.4m. Updated REMIT guidance
The UK's Financial Conduct Authority (FCA) announced last week that Tullet Prebon Europe Limit (TPEL) has been fined £15.4 million for "failing to conduct its business with due skill, care…