Legal & Regulation

MiFID II ratchets up pressure on investor relations teams as investors go direct

Mon, 11/02/2019 - 10:37

Regulatory change has put the investor relations teams of UK companies’ under increasing pressure as demands from investors soar, according to the latest research from Orient Capital, the investor relations specialist and part of Link Group. »

Husband and wife to pay over USD1m to settle futures trading scheme fraud charges

Mon, 11/02/2019 - 10:27

Washington State residents Sung Hong a/k/a Lawrence Hong or Laurence Hong, his wife, Hyun Joo Hong a/k/a/ Grace Hong, and their company Pishon Holding, are to pay more than USD1.25 million in restitution in connection with an enforcement action brought by the CFTC charging the defendants with fraudulent solicitation and misappropriation involving futures contracts. »

Precious Metals Trader to pay USD100,000 CFTC penalty for spoofing

Fri, 08/02/2019 - 10:29

Andre Flotron, a former precious metals trader for UBS AG, is to pay a USD100,000 civil monetary penalty for spoofing and engaging in a deceptive or manipulative scheme through his spoofing in violation of the Commodity Exchange Act (CEA) and CFTC Regulations. »

CFTC charges proprietary trader with spoofing in soybean futures markets

Fri, 01/02/2019 - 10:13

The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Kevin Crepeau, of Chicago, Illinois, a trader at a proprietary trading firm, for engaging in spoofing in the Chicago Mercantile Exchange (CME) soybeans futures market. »

Picture of a man with megaphone making announcement

ESMA addresses EMIR Refit implement issues

Fri, 01/02/2019 - 09:50

The European Securities and Markets Authority (ESMA) has published a statement addressing EMIR Refit implementation. »

SEC approves TISE as DOSM

Fri, 01/02/2019 - 09:45

The International Stock Exchange (TISE) has been approved as a Designated Offshore Securities Market (DOSM) by the US Securities and Exchange Commission (SEC). »

Cryptocurrency liquidity provider B2C2 OTC receives FCA authorisation

Thu, 31/01/2019 - 10:15

B2C2 OTC, the UK subsidiary of cryptocurrency liquidity provider and electronic OTC trading specialist iB2C2, is now authorised and regulated by the UK’s Financial Conduct Authority to arrange and deal in Contracts for Difference (CFDs) with eligible counterparties and professional clients. »

Enhanced AML regime puts Cayman on firm footing to oversee digital asset growth

Wed, 30/01/2019 - 13:05

2018 was an extremely busy year for Walkers, one of the Cayman Islands’ leading international law firms. The firm saw a tremendous amount of activity in private equity and related downstream corporate work, while with respect to hedge funds the Cayman team was busy doing restructuring work. »