Trading Related Bills Move Along

[caption id="attachment_311960" align="alignleft" width="106"] Randy Hultgren[/caption] Several trading related bills made advances in their journey to become law. The House Financial Services Committee that the full house had advanced eight bills and eight bills also…

Market Integrity Task Force Formed

Four US agencies announced a new market integrity task force. The four agencies are: the US Department of Justice (USDOJ), the Securities and Exchange Commission (SEC), the Consumer Financial Protection Bureau (CFPB), and the Federal…

Block Trading Going Well on CME, Per Report

Approximately six months in, worries about block trading on the CME have been overblown. A new report conducted by the Commodities Futures Trading Commission’s Market Intelligence Division analyzed block trading which the CME first implemented…

Commodity Pool Fraudster Faces Feds’ Full Weight

A commodity pool operator is facing the full force of the US federal enforcement apparatus. Harris Landgarten is a commodity pool operator who operated the commodity pool Tradeanedge Members Fund (TMF). Now the Commodities Futures Trading…

Fintech Will Transform for Regulators, Consumers and Providers

[caption id="attachment_311342" align="alignleft" width="218"] Jo Ann Barefoot[/caption] Fintech will change the world, but specifically for consumers, providers, and regulators. That was the message from a fintech heavyweight, Jo Ann Barefoot. Barefoot has enormous experience in finance…

Former Bank Exec Convicted Stock Trading Scheme

A former banking executive has been found guilty of fraud involving millions in securities transactions. The US Department of Justice announced the conviction of Ross McLellan, 47, of Hingham, Massachusetts a former executive vice president…

The Next Generation of Blockchain Takes Flight

There’s little doubt that blockchain technology has changed the way in which people exchange value. The blockchain platform is certainly the most popular and widely used, however, users and innovators are starting to ask the…

SEC Chair Clarifies Best Interest Standard

[caption id="attachment_111540" align="alignleft" width="152"] Jay Clayton Securities and Exchange Commission (SEC) Chair[/caption] While testifying in front of the House Financial Services Committee, the Chairman of the Securities and Exchange Commission (SEC) attempted to clarify a…

New Lawsuit Alleges Advantage Futures Conspiracy

A newly filed lawsuit suggests the clearinghouse for 3 Red Trading was more heavily involved in perpetuating and covering up widespread spoofing at the proprietary trading firm than previously thought. Advantage Futures is a futures…