Feature Articles Archives - Page 2 of 29 - The Industry Spread

SEC’s Division of Enforcement SECDOE Touts Positive 2019

November 11, 2019

We are pleased to share the Division of Enforcement’s annual report detailing the accomplishments of the Division during Fiscal Year 2019. The more than 1,350 talented women and men of the Division are steadfastly committed to protecting investors and ensuring that our capital markets operate fairly.

USDOJ Unravels Trading Scheme

November 8, 2019

From approximately March 2012 until December 2013, three traders who were members of a single trading team at Tower engaged in a scheme to defraud other participants in the markets for E-Mini S&P 500, E-Mini NASDAQ 100 and E-Mini Dow futures contracts (collectively, E‑Mini futures contracts). The S&P 500 and NASDAQ 100 future contracts were traded on the Chicago Mercantile Exchange, while the Dow futures contracts were traded on the Chicago Board of Trade.

Warren’s Health Care Plan to Hit Traders and Investors

November 4, 2019

For many of the ultra-wealthy, as Warren calls them, much of their wealth is tied up in their companies or in their company’s stock. For instance, Jeff Bezos, the wealthiest American, after his divorce according to Business Insider, still owns 59.1 million shares of Amazon.

Data Protection in CAT Explained

October 31, 2019

Data Protection note to broker/dealers that they will not be sending social security numbers to the CAT, but have a multi step system in place that FINRA CAT will be building so that the broker/dealers will be dealing in some hashing.
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The CFTC on Artificial Intelligence

October 28, 2019

“A strength of AI is its ability to identify correlations in vast data sets. Such correlations can be helpful in systemic risk monitoring, which depends on predicting when circumstances may require intervention.”

New Best Interest Standard Discussed

October 18, 2019

A broker acting in their client’s best interest may seem easy enough, but the new Securities and Exchange Commission (SEC) rule takes over one thousand pages to spell this out.

Bitcoin is Playing a Role in Another Darknet Criminal Scheme

October 17, 2019

Once calling it “the mother of all scams,” he also said, “Bitcoin’s only real use has been to facilitate illegal activities such as drug transactions, tax evasion, avoidance of capital controls, or money laundering,” referring to Ulbricht and other criminal schemes. 

CFTC’s Power To Prosecute Manipulators Examined

October 14, 2019

Some people might be thinking: Why do we need legislation like that? Don’t we already have something in place? Unfortunately, current law does not have enough protections for our consumers, and we have found in other areas that it is very important to have a strong bright line, a law on the books against manipulation