CFTC charges Glen Point Capital and co-founder with market manipulation LeapRate

December 16, 2022 BY Steffy Bogdanova

CFTC charges Glen Point Capital and co-founder with market manipulation

CFTC’s complaint alleges during a period of low market liquidity in late December 2017, Phillips manipulated the USD/ZAR exchange rate on two occasions by driving it down to levels that would trigger payouts on the option contracts. According to the official announcement Phillips orchestrated trading of massive amounts of the USD/ZAR currency pair in the…

August 27, 2019 BY Valentina Kirilova

GEM-listed Ching Lee Holdings Limited shares manipulated

The Hong Kong Securities and Futures Commission (SFC) has commenced proceedings against a group of local and overseas investors suspected of manipulating the shares of GEM-listed Ching Lee Holdings Limited (Ching Lee) through a large scale and highly organised manipulative scheme. The proceedings were initiated on 11 July 2019 when the SFC applied for urgent…

December 12, 2016 BY admin

SEC charges two New Jersey-based traders in $26 million stock manipulation scheme

The Securities and Exchange Commission today charged two New Jersey-based traders with manipulating more than 2,000 NYSE- and NASDAQ-traded stocks and reaping more than $26 million in profits from their successful trades. The SEC alleges that Joseph Taub and Elazar Shmalo utilized dozens of accounts at various brokerage firms to carry out their scheme undetected,…

May 14, 2015 BY Andrew Saks-McLeod

US ready to undermine Lord Grabiner's £3.5 million FX manipulation investigation: Bank of England under transatlantic scrutiny

Lord Grabiner collected a fee of £400,000 for leading the investigation into whether the Bank of England participated in FX rate manipulation, with the entire report costing £3.5 million. US law enforcement authorities are now beginning to scrutinize the work carried out by Lord Grabiner

April 17, 2015 BY Andrew Saks-McLeod

India’s central bank chief accuses G-7 nations of currency manipulation

"If it walks like a duck or quacks like a duck, it is a duck" quipped Reserve Bank of India Governor Raghuram Rajan in his highly critical diatribe

October 29, 2014 BY Andrew Saks-McLeod

Swiss regulator takes a swipe at Co-op Bank for market abuse

For four years, Coop Bank manipulated the market price of its own bearer shares. Swiss authorities considered that these actions constituted a serious violation of supervisory provisions on market manipulation and an infringement of its organisational and business conduct requirements

October 14, 2014 BY Andrew Saks-McLeod

Tag: manipulation