Topic: Spoofing

Former prosecutor: Fraud Section position on MLATs undermines its mandate

The Fraud Section’s defence against allegations of prosecutorial misconduct in foreign legal assistance requests compromises its argument to support wire fraud charges in current and future cases, a former prosecutor said.

19 June 2020

Deutsche Bank resolves US spoofing and swap reporting probes

The US Commodities and Futures Trading Commission said that it significantly reduced the penalties due to the bank’s cooperation in both investigations.

18 June 2020

Fraud section chief unravels thorny ethical issues

“Sometimes it will break your heart when your cooperating witness is getting sued by the bad guy, and so on a human level I really feel for them,” said Criminal Division fraud section chief Robert Zink.

03 June 2020

Former JPMorgan trader asks to be severed from spoofing trial

An ex-JPMorgan trader has attempted to distance himself from racketeering conspiracy allegations facing three of his former colleagues in an ongoing market manipulation case.

28 May 2020

Allegations of needless US evidence-gathering requests raise concerns in UK

Former UK Financial Conduct Authority lawyers have said allegations that US prosecutors sent frivolous evidence requests to the UK are worrying if true.

22 May 2020

Spoofing: Why does UK enforcement lag behind the US?

King & Spalding’s Zach Fardon, Aaron Stephens, Patrick Montgomery and Joanna Harris discuss the distinct legal frameworks applicable to “spoofing” cases in the US versus the UK, and why UK enforcement efforts may appear lacklustre compared to the US.

21 May 2020

UK lags behind US in spoofing cases despite “easier” laws

The UK’s financial authority is investigating only a handful of alleged spoofing cases despite an apparent increase in enforcement across the Atlantic.

19 March 2020

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