The U.S. District Court for the District of Connecticut ordered a former precious metals trader to pay a civil monetary penalty for placing orders with the intention of canceling them prior to execution.
The U.S. District Court for the Southern District of New York determined that the CFTC failed to prove that a Chicago trader and his firm had either manipulated or attempted to manipulate the price of certain interest rate swaps.
A U.S. District Court ruled in favor of the Board of Trade of the City of Chicago, Inc. and Chicago Mercantile Exchange, Inc. from allegations that they conspired to stop the CFTC from approving the application of a competing exchange.
The U.S. District Court for the District of Columbia ordered two Ireland-based companies that operate an online "prediction market" trading website to pay a $3 million penalty for violating a 2005 cease and desist order and illegally trading binary options.
In an interview with Risk Desk editor John R. Sodergreen, former ICE eConfirm Chief Bruce Tupper and former CFTC attorney Peter Kavounas describe the launch of TransVix, a trucking futures and options exchange.
Risk Desk Editor John Sodergreen examined the evolution of the financial technology industry in light of Acting Chair J. Christopher Giancarlo's stated intention to "embrace Fintech to a level not seen before at the agency."
"The Risk Desk" editor John R. Sodergreen described the debate between CFTC Chair Timothy Massad and Commissioner Chris Giancarlo over an amendment to proposed Regulation Automated Trading that would allow the CFTC access to an algorithmic firm's trading source code without first issuing a subpoena.
The U.S. District Court for the Southern District of New York, Judge Analisa Torres, dismissed the CFTC's argument that it did not prove the intent to create an artificial price in order for it to establish a manipulation claim against an investment firm and the firm's CEO.
Starting at 1:00 p.m. today (September 9, 2016), Energy Metro Desk is hosting an afternoon of panel discussions and speeches on key elements of market manipulation and spoofing policy. The event will feature Cadwalader partners Gregory Mocek and Paul Pantano, along with several industry participants, government officials and surveillance experts.
Energy Metro Desk Editor John Sodergreen described the emerging debate over the CFTC's proposed Regulation Automated Trading, particularly where it concerns proposed access to source code without a subpoena.
Energy Metro Desk criticized the CFTC's proposed amendment to the 2013 RTO-ISO rule which would subject regional transmission organizations and independent system operators to private lawsuits under the CEA.
Energy Metro Desk editor-in-chief John Sodergreen and Cadwalader partner Gregory Mocek debate how extended CFTC enforcement authority over insider trading will affect communications between industry participants and their customers.
In an interview with Energy Metro Desk Editor in Chief John Sodergreen, CFTC Commissioner J. Christopher Giancarlo cautioned global regulators against impeding innovation of blockchain technology with "protracted regulatory uncertainty or an uncoordinated regulatory approach."