A non-US-based investment and brokerage firm agreed to settle spoofing allegations by the Commodity Futures Trading Commission by payment of a US $700,000 fine. In accepting this settlement, the CFTC emphasized the cooperation of the defendant. Separately, a Dubai court declined to authorize an appeal of a fine and ban on assisting financial services firms in the Dubai Financial Centre imposed on a compliance officer by the Dubai Financial Services Authority. DFSA claimed that the compliance officer recklessly provided false information to it for approximately two years. As a result, the following matters are covered in this week’s edition of Bridging the Week:
Gary DeWaal is currently Special Counsel with Katten Muchin Rosenman LLP in its New York office focusing on financial services regulatory matters. He provides advisory services and assists with investigations and litigation.
January 19, 2020
January 12, 2020
December 22, 2019
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