In a memorandum dated May 20, 2020, the Commodity Futures Trading Commission’s (CFTC) Division of Enforcement issued guidance outlining factors that CFTC staff will consider when recommending civil monetary penalties (CMPs)...more
This issue of Skadden’s semiannual Cross-Border Investigations Update takes a close look at recent cases, regulatory activity and other key developments, including the use of legal holds in cross-border investigations,...more
8/29/2018
/ China ,
Civil Monetary Penalty ,
Cooperation ,
Criminal Investigations ,
Cross-Border Transactions ,
Cryptocurrency ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
Fee Reductions ,
General Data Protection Regulation (GDPR) ,
Initial Coin Offering (ICOs) ,
Personal Liability ,
Popular ,
Privileged Communication ,
Serious Fraud Office (SFO) ,
Settlement ,
Trump Administration ,
UK
On August 7, 2017, the Commodity Futures Trading Commission (CFTC or Commission) announced a settlement for a civil penalty of $600,000 with the Bank of Tokyo Mitsubishi UFJ, Ltd. (BTMU) for alleged spoofing violations, with...more
8/16/2017
/ Appeals ,
CFTC ,
Civil Monetary Penalty ,
Commodities Traders ,
Commodity Exchange Act (CEA) ,
Constitutional Challenges ,
Criminal Prosecution ,
Enforcement Actions ,
Japan ,
Settlement Agreements ,
Spoofing ,
Vagueness
The U.S. District Court in the Southern District of New York recently dismissed a class action lawsuit alleging that Total, S.A., Total Gas & Power North America, Inc., and Total Gas & Power Limited (collectively, “Total”)...more
4/19/2017
/ Actual Injuries ,
CFTC ,
Civil Monetary Penalty ,
Class Action ,
Commodity Exchange Act (CEA) ,
Disgorgement ,
Dismissals ,
Enforcement Actions ,
FERC ,
Fraud ,
Market Manipulation ,
Monopolization ,
Natural Gas ,
Oil Prices ,
Pleading Standards ,
Price Manipulation ,
Private Right of Action ,
Sherman Act ,
Standing
Recently introduced legislation suggests that Republicans and Democrats in post-election Congress will be looking in very different directions on how to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act...more
7/29/2016
/ Basel III ,
Civil Monetary Penalty ,
Commodity Exchange Act (CEA) ,
Cross-Border ,
Derivatives ,
Dodd-Frank ,
FDIC ,
Financial Institutions ,
FSOC ,
FX Forwards ,
Political Parties ,
Presidential Elections ,
Proposed Amendments ,
Securities and Exchange Commission (SEC) ,
Swaps