JPMorgan is to pay a record USD920.2 million, the largest amount of monetary relief ever imposed by the CFTC, to settle charges against JPMorgan Chase & Company (JPMC & Co.) and its subsidiaries, JPMorgan Chase Bank, and JPMorgan Securities (JPMS) (collectively, JPM), for manipulative and deceptive conduct and spoofing.
The 100th whistleblower award to be made since the SEC Whistleblower Program was created as part of the Dodd Frank Act in 2010 has been announced by the SEC.
Proposed changes to the SEC's Dodd-Frank Act whistleblower reward programme will undermine vital whistleblower protections, and place investors at significant risk of being harmed by increased fraud, according to whistleblower rights law firm of Kohn, Kohn and Colapinto.
Bank of Nova Scotia to pay USD127.4m CFTC penalty for spoofing, false statements, compliance and supervision violations
The Commodity Futures Trading Commission (CFTC) has issued three orders filing and settling charges against The Bank of Nova Scotia (BNS), a provisionally registered swap dealer, resolving two separate enforcement actions.
Financial services sector fears impact of Financial Transaction Tax on trading, liquidity, and active management
The possible introduction of a financial transaction tax (FTT) in the US and Europe to make up for lower tax revenues resulting from the Covid-19 pandemic, is raising concern from investors and advisers, shows new data from Greenwich Associates.
The Securities and Exchange Commission (SEC) has made a whistleblower award of almost USD700,000 to a claimant whose prompt reporting led the SEC to open an investigation. The SEC whistleblower suffered “undue hardship” as a result of their activities.
Deutsche Bank has settled two CFTC enforcements by agreeing to pay over USD10 million in penalties.
Barnes & Thornburg has expanded into New York City with the opening of a Manhattan office and the hiring of six lateral partners and other seasoned attorneys from several of the city’s elite law firms.
Technology and brokerage services provider for exempt securities North Captal has secured authorisation for secondary trading of unregistered securities on its Alternative Trading System (ATS).
Litigator Mark Stancil, who clients include hedge funds and multi-strategy asset managers has been appointed as a partner in the firm’s Washington office.