’Tis the season for annual reports, and one of the most instructive is from the regulator Commodity Futures Trading Commission (CFTC) and its Division of Enforcement. When it comes to the CFTC’s mission to “be tough on those who break the rules,” as Division of Enforcement Acting Director Vince McGonagle puts it in a commission… Read More >>
SEC’s Salt Lake Regional Director to Retire
SEC officials have announced that Karen L. Martinez, regional director of the Salt Lake City, Utah office, will be leaving the agency and retiring this summer. Martinez joined the SEC’s Salt Lake office in 2002 as trial counsel and began supervising the office’s enforcement program in 2010 when she became assistant director, officials say. In… Read More >>
RBC to Pay $35M Penalty for Wash-Trading Scheme
A U.S. federal court on Thursday penalized the Royal Bank of Canada (RBC) $35 million for engaging in more than 1,000 illegal wash sales, fictitious sales and noncompetitive transactions over a three-year period, officials say. The order entered by the court arose from a complaint filed by the CFTC in 2012, charging RBC with several… Read More >>
