May 13, 2021

Caribbean based impersonators of CySEC and CFTC scamming clients of fined companies

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From LeapRate Cyprus financial regulator CySEC has informed that that it has come to its attention that an unknown company based in the Caribbean seems to be presenting itself as various bodies, including CySEC and the US regulator CFTC, for the purpose of conducting illegal transactions. Specifically, the unknown company is illegally using the name […]

CFTC issues supplement modifying position limits proposal

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By Donna M Parisi, Geoffrey B Goldman, Azam H Aziz| Contributed by Shearman & Sterling LLP From International Law Office Derivatives USA On May 26 2016 the US Commodity Futures Trading Commission (CFTC) issued for public comment a supplement to its position limits proposal of December 2013. The supplement would permit exchanges to recognise, subject […]

Wall Street’s House of Cards

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By Ted Bauman From Value Walk I’ve always disliked gambling. I tell myself I have enough vices already, but the truth is that I’m just conservative with money. Informed investment is one thing; shooting craps is another. It seems silly to risk one’s wealth that way — especially once you know the true odds. I […]

Five megabanks learned to ‘Game the System,’ Feds say

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By Jenna Greene, From The National Law Journal Five megabanks agreed to pay more than $4.2 billion in penalties to settle charges by U.S. and European regulators of attempting to manipulate global foreign-exchange benchmark rates. Characterizing the misconduct as “egregious and brazen,” Aitan Goelman, the U.S. Commodity Futures Trading Commission director of enforcement, in a […]

iNews Briefs

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Cayman Islands’ public asked for views on Sunday Trading “We want to understand the views of the general public and all key stakeholders, so that Government has a guide for developing appropriate policy on the issue” Commerce Minister Wayne Panton The Ministry of Commerce is asking the public if changes should be made to The […]