The DOJ filed a civil forfeiture complaint alleging that North Korean cyber actors stole millions of dollars' worth of cryptocurrency and then laundered the funds through Chinese OTC cryptocurrency traders.
The DOJ filed charges against the owner of two companies in Florida that provide Medicare services for submitting false and fraudulent claims in order to receive (i) reimbursement from Medicare and (ii) loans from the Paycheck Protection Program.
Several industry associations provided commentary on a CFTC proposal to apply federal speculative position limits to 25 "core referenced futures contracts," including futures and options linked to those contracts and economically equivalent swaps.
In a briefing before the Energy and Environmental Market Advisory Committee, the CFTC's Market Intelligence Branch concluded that "the derivatives markets appear resilient in the face of lower liquidity and historic volatility and volume."
In a new report on the Small Business Administration 7(A) Loan Guaranty Program, the Congressional Research Service summarized pending legislation to assist small businesses adversely affected by COVID-19.
In response to requests from the Alternative Reference Rates Committee, CFTC staff provided relief to market participants relating to the transition from swaps referencing LIBOR and other interbank offered rates.
The SEC charged the former CEO and president of a Nasdaq-traded security technology company and three other individuals in a fraudulent broker bribery scheme. The DOJ filed charges against one of the individuals in a parallel action.
A U.S. Appellate Court upheld the dismissal of a class-action lawsuit brought under the Commodities Exchange Act. The plaintiffs alleged that oil companies manipulated the foreign benchmark for the price of Brent crude oil.