Legal & Regulation

Picture of a man with megaphone making announcement

Carey Olsen teams up with Global Legal Insight on first edition of Blockchain & Cryptocurrency Regulation

Fri, 19/10/2018 - 19:11

A cross-jurisdictional team of lawyers from Carey Olsen have contributed to Global Legal Insight's first edition of Blockchain & Cryptocurrency Regulation. »

Gelfman Blueprint and CEO to pay more than USD2.5m over fraudulent bitcoin Ponzi scheme

Fri, 19/10/2018 - 10:49

A New York federal court has ordered New York trading firm Gelfman Blueprint and its Chief Executive Officer Nicholas Gelfman to pay over USD2.5 million in civil monetary penalties and restitution in what is the first anti-fraud enforcement action involving bitcoin filed by the Commodity Futures Trading Commission (CFTC). »

Kevin Antonovich to pay USD554,375 CFTC penalty for commodity pool fraud

Tue, 16/10/2018 - 10:40

Kevin Scott Antonovich, a resident of Cherry Grove, New York, is to pay USD554,375 in restitution and a civil monetary penalty for violations of the Commodity Exchange Act and CFTC Regulations. »

BVI to take ‘Goldilocks’ approach for regulating crypto assets

Wed, 10/10/2018 - 13:01

“I would say every day I get two or three inquiries on some crypto or blockchain-related project. There is a lot of interest in all things crypto here in the BVI,” observes Michael Killourhy, Partner at Ogier (BVI). »

CFTC to streamline regs for commodity pool operators and commodity trading advisers

Wed, 10/10/2018 - 10:40

The Commodity Futures Trading Commission (CFTC) has unanimously approved proposed rules as a part of its KISS Initiative to simplify regulations for commodity pool operators (CPOs) and commodity trading advisors (CTAs). »

Picture of the word research highlighted

UK post-crisis low in penalty amounts against individuals bucks global trend of 2017

Thu, 04/10/2018 - 10:49

In an attempt to improve conduct, global financial regulators have switched their focus from imposing large fines against firms, to making individuals more accountable and improving their ability to detect misconduct earlier through data and technology. »

Virtual currencies are commodities, says Federal Court

Thu, 04/10/2018 - 10:26

The US District Court for the District of Massachusetts has ruled that the Commodity Futures Trading Commission (CFTC) has the power to prosecute fraud involving virtual currency. »

CFTC Chairman Giancarlo releases cross-border white paper

Tue, 02/10/2018 - 09:52

Commodity Futures Trading Commission (CFTC) Chairman J Christopher Giancarlo has released a white paper titled ‘Cross-Border Swaps Regulation Version 2.0: A Risk-Based Approach with Deference to Comparable Non-US Regulation.’ »

Getnick & Getnick and Labaton Sucharow secure USD30m settlement in Philip Falcone hedge fund tax case

Fri, 28/09/2018 - 10:44

Getnick & Getnick LLP and co-counsel Labaton Sucharow LLP have secured a major USD30 million settlement in the second stage of the largest ever tax whistleblower recovery in New York state history. »

CFTC charges two commodity traders with attempted manipulation of agricultural markets

Thu, 27/09/2018 - 09:32

The Commodity Futures Trading Commission (CFTC) has issued Orders against Adam Flavin and Peter Grady, traders at a commodity merchandising firm, filing and settling charges of attempted manipulation of the price of certain wheat futures and options contracts that were traded on the Chicago Board of Trade (CBOT). »