News & Analysis as of

Commodities Spoofing Fraud

Quinn Emanuel

The White Collar Appeal: Seventh Circuit Holds Spoofing is Fraud

Quinn Emanuel on

“Spoofing,” or the practice of submitting buy or sell orders to trading platforms with the intent to withdraw them prior to execution, is considered fraud under the Seventh Circuit’s decision in United States v. Smith, issued...more

Jones Day

JONES DAY TALKS®: CFTC and DOJ Target Derivatives Trading Across Industries

Jones Day on

In an effort to pursue unlawful trading in the derivatives markets, the U.S. Commodity Futures Trading Commission ("CFTC") and U.S. Department of Justice ("DOJ") have in recent years engaged in unprecedented levels of...more

The Volkov Law Group

Deutsche Bank Agrees to Pay $130 Million to Resolve FCPA and Fraud Cases (Part I of II)

The Volkov Law Group on

Deutsche Bank, the infamous German bank connected to President Trump, settled FCPA and fraud cases with the Justice Department and the SEC, and agreed to pay a total of $130 million....more

K2 Integrity

Trending in 2016: Financial Fraud Predictions

K2 Integrity on

Financial fraud can destroy shareholder value and seriously damage the reputations of organisations. What will 2016 hold when it comes to trends in financial fraud?...more

Cadwalader, Wickersham & Taft LLP

First Criminal Prosecution for Spoofing: High Frequency Trading Firm Owner Indicted in Northern District of Illinois

On October 2, 2014, the U.S. Attorney for the Northern District of Illinois announced the indictment of Michael Coscia, the owner of Panther Energy Trading (“Panther”), for six counts of commodities fraud and six counts of...more

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