False trade orders that spur sharp market price reactions before they disappear — otherwise known as “spoof orders” — have the full attention of authorities as evidenced by a recent record fine against JPMorgan, and the conviction of two former traders at Deutsche Bank. JPMorgan Chase & Co. has agreed to pay nearly one billion… Read More >>
Hedge Fund Hit With $1M+ in Penalties
A New York federal court has ordered Algointeractive Inc. a hedge fund, and its two co-founders to pay more than $1 million in civil monetary penalties and restitution to resolve an enforcement action brought in April 2018 by the U.S. Commodity Futures Trading Commission (CFTC), charging them with fraudulent solicitation and misappropriation of funds, among… Read More >>
