The National Futures Association (NFA) has permanently barred commodity pool operator and commodity trading advisor Nord Capital Advisors and the firm’s principal Yakov Shlyapochnik, from membership. In addition, Nord Capital and Shlyapochnik are both barred from acting as principals of
The CFTC has charged Chicago trader Igor B Oystacher and his trading company, 3 Red Trading, with spoofing and the use of a ‘manipulative and deceptive device’ while trading futures on four different exchanges. According to the CFTC Complaint, on
The Ruddy Law Office, PLLC (`Ruddy Law') is a Washington, DC-based boutique law firm founded by Mark Ruddy in 2001. The firm is primarily comprised of former regulators with the SEC, NFA, and FINRA. Ruddy Law services a diverse range
In December 2014, the US Court of Appeals for the Second Circuit handed down a landmark insider trading decision in United States v. Newman. This decision seemingly curbed the Government's ability to prosecute insider trading cases by increasing the Government's
Servicing approximately 113 liquid alternative funds that operate under the '40 Act banner, U.S. Bancorp Fund Services (`UBSFS') is ideally positioned to understand the complexities of administration and compliance involved in with these vehicles. USBFS opened its doors in 1969
Recently, the SEC proposed several amendments to Form ADV. Generally speaking, these amendments would require registered investment advisers to disclose information regarding their separately managed accounts, including assets under management and information related to the use of derivatives and borrowings.
Cargill de México SA De CV is to pay USD500,000 to settle CFTC charges over wash trades involving corn, soybean, and wheat futures on the Chicago Board of Trade (CBOT) and wheat futures contracts on the Kansas City Board of
The US Commodity Futures Trading Commission (Commission) has published a proposed amendment to the regulatory definition of “material terms” for purposes of swap portfolio reconciliation under Commission regulation 23.502. Under the proposal, the Commission would amend the definition of “material
Forex Capital Markets (FXCM) is to pay USD843,000 to settle CFTC charges that it failed to diligently supervise its officers’, employees’, and agents’ handling of accounts held at FXCM in the name of a fraudulent foreign currency exchange pool, Revelation
San Francisco-based Ashbury Heights Capital has been granted leave to proceed with its fraud and breach of contract lawsuit against market intelligence company FactSet Research Systems and securities executive Doug Engmann. The ruling by a California Court could impact over
