The SEC charged a UK citizen for engaging in a "hack-to-trade" scheme involving the unauthorized access of computer systems belonging to five US public companies to deceptively obtain nonpublic corporate earnings information which he used for profit by trading in advance of the companies' public earnings announcements.
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The US Court of Appeals for the District of Columbia Circuit denied the CFTC's emergency motion for a stay that would have prevented the offering on a commodities exchange of "event contracts" based on which political party would obtain control of the US House of Representatives or US Senate.
A swap execution facility settled CFTC charges for failing to (i) maintain adequate system safeguards and (ii) promptly provide records to the Division of Market Oversight during a routine systems safeguards examination.
Gurbir S. Grewal, Director of the SEC's Division of Enforcement, will leave the Commission effective October 11, 2024.
A Singapore-based supply chain manager settled CFTC charges for knowingly or recklessly submitting false, misleading, or inaccurate data related to cotton sales to the US Department of Agriculture and the CFTC.