Tag: market manipulation

April 01, 2019 BY Valentina Kirilova

JFD Bank's Andrey Stoychev talks about market manipulation and how clients can protect themselves

LeapRate Exclusive... Andrey Stoychev has been recently promoted to Executive Director Trading and a Board Member of the multi-asset fintech company JFD Group. The company, on the other hand, after the successful acquisition of the German-based ACON bank has changed its name and combined retail and institutional services under the brand JFD Bank, making the…

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cftc penalty
December 21, 2016 BY admin

Chicago man and 3Red Trading penalized $2.5M for spoofing and manipulation while trading futures

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Amy J. St. Eve of the U.S. District Court for the Northern District of Illinois entered a Consent Order of Permanent Injunction (Order) against Defendants Igor B. Oystacher and his proprietary trading company, 3Red Trading LLC (3Red), both of Chicago, Illinois, finding that the Defendants engaged in a…

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April 12, 2016 BY Maria Nikolova

UK regulator bans ex-RBS LIBOR submitter Paul White

The UK Financial Conduct Authority (FCA) today announced the imposition of a ban on Paul White, a former a Japanese Yen (JPY) and Swiss Franc (CHF) LIBOR submitter at Royal Bank of Scotland Group plc (LON:RBS). Mr White is banned from performing any function in relation to any regulated financial activity. The FCA has ruled…

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February 23, 2016 BY Mike Fox

Bats receives SEC approval for client suspension rule to prohibit manipulative behavior

Bats Global Markets (Bats) received Securities and Exchange Commission approval of the Bats Client Suspension Rule, assisting the company in taking swifter action to prohibit manipulative behavior, such as spoofing and layering, on the Bats Exchanges. The Rule, which was approved February 18th, distinguishes itself by specifically addressing disruptive quoting and trading practices, such as…

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January 29, 2016 BY Maria Nikolova

UK Court acquits sixth defendant in LIBOR manipulation case

A jury at Southwark Crown Court on Thursday acquitted Darrell Paul Read, a former employee of ICAP plc (LON:IAP), of all charges related to alleged manipulation of LIBOR. The decision was made one day after other five defendants were found not guilty on counts of conspiring to manipulate LIBOR. Mr Read was found not guilty on…

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January 27, 2016 BY Maria Nikolova

UK Court acquits five individuals of LIBOR manipulation charges

The UK Serious Fraud Office (SFO) today provided an update regarding its criminal investigation into the manipulation of LIBOR. A jury at Southwark Crown Court today found five individuals not guilty of conspiracy to defraud via the alleged manipulation of LIBOR. Colin John Goodman, Danny Martin Wilkinson, Terry John Farr, James Andrew Gilmour and Noel…

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