All posts tagged "Spoofing"
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104EnforcementUS Federal Court Sanctions Australian Trader for Spoofing
The Propex Derivatives trader is required to repay $21,000 in disgorgement and cease and desist from violating anti-spoofing and manipulation rules.
June 16, 2021 -
143AML / KYCRBI Relaxes Restrictions on the Use of Video-based KYC
Video-based KYC can be used for onboarding individual customers, business owners, and authorised signatories and beneficial owners of legal entities.
May 18, 2021 -
1.0KEnforcementUS Authorities Settle JP Morgan Spoofing Charges for $920m
The settlement will fully resolve investigations carried out by the DOJ, CFTC and SEC into trades made over nearly ten years.
October 1, 2020 -
598EnforcementTwo Ex-Deutsche Traders Convicted in Spoofing Case
The two former traders were found guilty of fraud charges for their respective roles in manipulating gold and silver futures prices.
September 30, 2020 -
1.4KEnforcementScotiabank Resolves DOJ, CFTC Spoofing Charges for $127.4m
Four Scotiabank traders based in New York, London and Hong Kong placed thousands of orders in precious metals futures between 2008 and 2016 to manipulate prices.
August 21, 2020 -
728Enforcement
CFTC Settles Deutsche Bank Spoofing, Swaps Reporting Cases
Deutsche Bank will pay $9mn for violating swap data reporting requirements during a system outage, and $1.25mn for spoofing carried out by two Tokyo-based traders.
June 19, 2020 -
1.3KAML / KYCSEBI Endorses Technology Use to Facilitate Online KYC
The investor KYC process can be completed through websites or apps, which should include video-based ID verification, liveness checks, and electronic signatures and documents.
April 27, 2020 -
428Australia & NZ
CFTC Penalises Australian Firm for Spoofing by Former Trader
The CFTC has ordered Propex Derivatives to pay $1mn, comprising restitution, disgorgement, and a civil monetary penalty. The DOJ has also entered a deferred prosecution agreement with the firm.
January 23, 2020 -
439EnforcementCFTC Penalises Mirae Asset Daewoo on Spoofing Charges
Mirae Asset will pay $700,000 to settle charges against Daewoo Securities, which it acquired in April 2016 — after the spoofing conduct at issue occurred.
January 15, 2020 -
815EnforcementThird Individual Jailed in SGX Derivatives Spoofing Case
The former proprietary trading firm director furnished a false statement to SGX Derivatives Trading with the intent of deceiving it about trading activities in futures contracts.
November 29, 2019
