Commodity pool The Kane Capital Investment Group and its President, Amrit Jaswant Singh Chahal have been ordered by a Viriginia federal court to pay USD1.2 million in a case stemming from a CFTC Complaint charging the defendants with commodity futures
The Securities and Exchange Commission has taken another significant step toward establishing the regulatory regime for security-based swap dealers today by adopting a package of rules and rule amendments under Title VII of the Dodd-Frank Act. These and other
The Securities and Exchange Commission has charged a former bitcoin-denominated platform and its operator with operating an unregistered securities exchange and defrauding users. The SEC has also charged the operator with making false and misleading statements in connection with an
Futures commission merchant AMP Global Clearing (AMP) is to pay USD100,000 to settle CFTC charges that it failed to supervise the cybersecurity of customer records and information. The charges relate to the period between 21 June, 2016 and 17 April, 2017
The Commodity Futures Trading Commission (CFTC) has issued an order filing and settling charges against Deutsche Bank Securities (DBSI) for attempted manipulation of the ISDAFIX benchmark and requiring DBSI to pay a USD70 million civil monetary penalty. The CFTC Order
The Commodity Futures Trading Commission (CFTC), in conjunction with the Department of Justice and Federal Bureau of Investigation, has fled criminal and civil enforcement actions against three banks and six individuals involved in commodities fraud and spoofing schemes. The banks
The Commodity Futures Trading Commission’s (CFTC) Divisions of Swap Dealer and Intermediary Oversight (DSIO), Market Oversight (DMO), and Clearing and Risk (DCR), is to grant no-action relief to provide greater certainty to the global marketplace in connection with the anticipated
The US Commodity Futures Trading Commission has issued an order filing and settling charges against Curtis Dalton of Middleton, Massachusetts, requiring him to pay USD200,000 for offering illegal off-exchange retail commodity transactions to US and overseas customers while failing to
Lawyers representing shareholders of Allergan Inc have settled a lawsuit resolving insider trading claims against Valeant Pharmaceuticals International, Bill Ackman and his Pershing Square family of hedge funds stemming from Valeant’s 2014 attempt to takeover Allergan. In settling the claims,
By Northern Trust – With Regulation Best Interest in the rearview mirror, the SEC is poised to finalise rules governing fund of fund arrangements. Following the adoption of the long-delayed final Regulation Best Interest in June, what’s next for the US Securities
