Feature Articles Archives - Page 19 of 37 - The Industry Spread

Survey Finds Crypto Interest in American Advisors

February 4, 2019

“Ignoring crypt is no longer an option for financial advisors,” the survey concluded. “As the inaugural Bitwsie/ETF Trends Survey for Investment Advisors Attitudes Toward Crypto-assets shows, clients are interested, asking questions, and often investing on their own.”

An Australian Trader Pled Guilty to Spoofing

February 1, 2019

Jiongsheng (‘Jim’) Zhao, 31, of Sydney, Australia, pleaded guilty before U.S. District Judge John J. Tharp Jr. of the Northern District of Illinois to one count of spoofing.  Zhao was extradited to the United States on Nov. 16 and made his first court appearance on Nov. 19.  Sentencing is scheduled for July 19, 2019, before Judge Tharp.

FINRA Provides Crypto Guidance

January 27, 2019

FINRA, the Financial Industry Regulatory Authority, provided further guidance for its member firms regarding digital assets in its 2019 priorities letter.

CFTC has Surprising Spoofing Rules

January 21, 2019

Attorneys from the law firm Drinker Biddle & Reath LLP made the presentation and noted that CFTC’s statute states that a firm can be charged with a spoofing violation if the firm did not properly supervise its traders, even if none engaged in spoofing.