Record Spoofing Settlement Provides Guidance For Traders
By Charley Mills and Matt Kulkin ( November 15, 2019, 4:39 PM EST) -- The U.S. Department of Justice and the Commodity Futures Trading Commission on Nov. 6 separately entered into related and coordinated resolutions of criminal and civil charges with Tower Research Capital LLC, a proprietary trading firm. While this case is significant because it resulted in the largest total monetary sanction ever assessed in a case based on alleged spoofing in futures markets[1] — $67.4 million — derivatives traders and their counsel should note several important takeaways from these dispositions....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.