Bridging the Week by Gary DeWaal: January 13 to 17, and January 20, 2020 (Spoofing; Compliance Officer Fined and Banned; Security or Virtual Currency?

Published Date: January 20, 2020

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:

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ABOUT GARY DEWAAL

Gary DeWaal

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.


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ABOUT KATTEN

Katten is a firm of first choice for clients seeking sophisticated, high-value legal services in the United States and abroad.

Our nationally recognized practices include corporate, financial services, litigation, real estate, environmental, commercial finance, insolvency and restructuring, intellectual property, and trusts and estates.

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Gary DeWaal
Katten Muchin Rosenman LLP
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