The Romanian Competition Council, in cooperation with the ANRE (the National Regulatory Authority of Romania) has carried out dawn raids as part of an investigation into a possible abuse of a…
The Dutch bank ING has reached a settlement with the Dutch Public Prosecution Service of €775m for failures in anti money laundering procedures and compliance, which permitted accounts to be used…
The FICC Markets Standards Board (FMSB) has issued the results of a "Behavioural Cluster Analysis" on misconduct patterns in the financial markets. The key document can be found here, with…
Two traders formerly of Deutsche Bank have been indicted by a court in the US for "spoofing" in metals futures, according to this article on the Reuters web site. The…
The spate of anti abuse activity has continued since our last post (see here). The CFTC has settled with Lansing Trade Group LLC for $3.4 million, in a physical-financial manipulation…
JP Morgan has settled with the CFTC for $65m for the attempted manipulation of the ISDAFIX benchmark. The press release can be found here and the order here. The fine relates…
The fight against market abuse continues with reports that the CFTC and US Justice Department is investigating alleged market manipulation in crypto currencies. The case is reported here on Bloomberg…
The FCA has reported here that confiscation orders have been made against two individuals who have already been convicted of insider trading in a complex scheme, discovered as part of…
Goldman Sachs has agreed to pay a settlement in the region of $110m, split between the New York Department of Financial Services and the Federal Reserve Board, for the improper…
Andre Flotron, an ex UBS trader who was accused of spoofing on the Comex market in precious metals futures, was yesterday acquitted of the charge, as reported here on the…