Displaying results 1 - 10 of 83
Statement of Commissioner Caroline D. Pham on Spoofing in Voice Brokered Swaps Markets
… the first time that the Commission will find a violation of spoofing in voice brokered swaps markets under Section … 4c(a)(5)(C) of the Act, 7 U.S.C. Section 6c(a)(5)(C) (“anti-spoofing provision”). Because this is a case of first … of the need to distinguish legitimate trading activity from spoofing, the Commission engaged in substantial  …
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Statement of Commissioner Kristin N. Johnson Regarding CFTC Orders Against HSBC for Fraudulent and Manipulative Swaps Trading and Spoofing, and for Recordkeeping and Supervision Failures
… (HSBC) for fraudulent and manipulative swaps trading and spoofing; and (ii) HSBC, HSBC Securities (USA) Inc., and … for the fraudulent and manipulative swaps trading and spoofing, and related violations, and the HSBC Affiliates to … HSBC’s fraudulent and manipulative swaps trading and spoofing constitute severe betrayals of client trust, …
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Remarks at NYU Law School – CFTC Enforcement Priorities, Insider Trading in the Prediction Markets, and Cooperation with the CFTC
… , which can be a form of manipulation. [2] This includes spoofing, disruptive trading during a closing period, and … CEA § 4c(a)(5)(C), 7 U.S.C.§ 6c(a)(5)(C) (prohibiting spoofing). [3] CFTC, Press Release No. 8997-24, CFTC Charges …
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Keynote Address of Ian McGinley Before the New York City Bar Association Futures and Derivatives Committee Conference
… resolutions addressed a variety of misconduct, including spoofing and swap dealer reporting and compliance.   In all … talk through a few examples now. The first example is our spoofing resolutions.   To take just a few of them, in our 2019 spoofing resolution with Mitsubishi involving hundreds of …
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Opening Statement of Commissioner Kristin N. Johnson: Measuring Benefits and Mitigating the Risks of Integrating Artificial Intelligence
… impermissible trading strategies such as front-running and spoofing. Focusing on the Flash Crash: Navigating Innovation … [6] Using a high-frequency trading strategy known as “spoofing,” Sarao entered tens of millions of dollars of … pled guilty to one count of wire fraud and one count of “spoofing.” This simplified description does not reach the …
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Statement of CFTC Director of Enforcement James McDonald
… complaints, charging six individuals and one company, with spoofing and manipulation in the futures markets in … Deutsche Bank, which includes a fine of $30 million for spoofing and manipulation; a civil settlement with UBS, which includes a fine of $15 million for spoofing and attempted manipulation; and a civil settlement …
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Statement of Commissioner Kristin N. Johnson on Settlement Agreement Resolving Enforcement Action on Compliance and Supervision Failures
… CFTC Orders JPMorgan to Pay Record $920 Million for Spoofing and Manipulation (Sept. 29, 2020), CFTC Orders JPMorgan to Pay Record $920 Million for Spoofing and Manipulation | CFTC . At the time of the … 2020), CFTC Orders JPMorgan to Pay Record $920 Million for Spoofing and Manipulation | CFTC . In connection with the …
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Remarks of Director of Enforcement James McDonald During CFTC-DOJ Press Conference Call
… morning, the CFTC announced the filing of manipulation and spoofing charges against three individuals who served as … and Gregg Smith are charged with manipulative conduct and spoofing in the precious metals futures markets in a … of Illinois, and Christian Trunz resolved charges of spoofing in an administrative settlement, in which he …
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Statement of Commissioner Christy Goldsmith Romero In Support of Enforcement Action Against Bank of Nova Scotia For Widespread Use of Whatsapp and Text Messaging to Evade Regulatory Oversight
… action in 2018 against BNS for market manipulation known as spoofing. [3]   Then in 2020, the CFTC brought another … enforcement action against BNS for market manipulation (spoofing)—this time in parallel with a Department of Justice … Orders to Bank of Nova Scotia to Pay $800,000 Penalty for Spoofing in the Precious Metals Futures Markets , (Oct. 1, …
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Remarks of Commissioner Rostin Behnam before Energy Risk USA, Houston, Texas
… program and some of the trends in the prosecution of spoofing cases and matters involving supervisory duties and … its new anti-disruptive trade practices authority—or anti-spoofing authority, as it is more commonly known, have gone … to monitor for and detect conduct and patterns typical of spoofing and other manipulative behaviors.   A Spoofing Task …
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