Though the US corporate bond and US treasury market has surged in size since the financial crisis in 2008, the unprecedented growth of US debt markets alongside a complete US regulatory overhaul has left the traditional market unstable and ushered
Goldman Sachs is to pay civil penalty of USD120 million to settle CFTC charges that it attempted, by and through certain of its traders in New York, to manipulate and made false reports concerning the US Dollar International Swaps and
The US Securities and Exchange Commission (SEC) has appointed Brett Redfearn as Director of the agency’s Division of Trading and Markets. The SEC’s Division of Trading and Markets establishes and maintains standards for fair, orderly, and efficient markets. The division
The US CFTC has issued an Order filing and simultaneously settling charges against Citibank NA (CBNA) and Citigroup Global Markets Limited (CGML), (collectively, Citi), for swap data reporting violations regarding Legal Entity Identifier (LEI) information. Citi is to pay a
The US Securities and Exchange Commission (SEC) will meet at 9am on 2 September, 2020 to vote on proposed changes to the SEC’s highly successful Dodd-Frank Act whistleblower reward programme. If approved as originally written, the proposed changes will undermine vital
The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organisation, says it applauds the US Securities and Exchange Commission’s (SEC) amendments to the “accredited investor” definition. These changes are in line with the HFA’s prior recommendations to include
The US Securities and Exchange Commission (SEC) has named Brett Redfearn (pictured), as Director of the agency’s Division of Trading and Markets. The SEC’s Division of Trading and Markets establishes and maintains standards for fair, orderly, and efficient markets. The
The US Commodity Futures Trading Commission (CFTC) has issued a report detailing the results of an evaluation of settlement liquidity at clearinghouses. All of those tested including CME Clearing, ICE Clear US, and LCH, demonstrated the ability to generate sufficient
The US CFTC has filed a civil enforcement action against Monex Deposit Company, Monex Credit Company, and Newport Services Corporation (collectively, Monex), and Monex’s principals Louis Carabini and Michael Carabini, in connection with a fraudulent precious metals scheme. The CFTC
UK resident Navinder Singh Sarao has been ordered to pay a USD25,743,174.52 civil monetary penalty and USD12,871,587.26 in disgorgement for his role in ‘flash crash’ day. The US District Court for the Northern District of Illinois’ order also permanently prohibits
