Article: Researchers say market manipulation is destroying traditional safe havens

Article - Media

Researchers say market manipulation is destroying traditional safe havens

Valentina Ruiz Leotaud

Mining.com, 17 May 2020

The University of Sussex Business School released an analysis stating that widespread market turmoil caused by the covid-19 pandemic means regulators have so much on their plates right now that large-scale manipulation of the markets remains below their radar.

In the view of the researchers behind the study, this is the reason why prices of safe-haven assets such as gold and bitcoin are not surging.

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Filing: CFTC v Morgan Stanley

Filing

CFTC v Morgan Stanley

CFTC, 30 September 2019

The Commodity Futures Trading Commission (“Commission”) has reason to believe that during the period from in or about November 2013 to at least November 2014 (“Relevant Period”), Morgan Stanley Capital Group Inc., (“Morgan Stanley” or “Respondent”) violated Section 4c(a)(5)(C) of the Commodity Exchange Act (the “Act”), 7 U.S.C. § 6c(a)(5)(C) (2012). Therefore, the Commission deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted to determine whether Respondent engaged in the violations set forth herein and to determine whether any order should be issued imposing remedial sanctions.

PDF (7 pages): CFTC v Morgan Stanley

Article: US regulators to fine UBS, Deutsche Bank, HSBC for ‘spoofing’ and manipulation: Sources

Article - Media, Publications

US regulators to fine UBS, Deutsche Bank, HSBC for ‘spoofing’ and manipulation: Sources

Ruben Sprich, 29 January 2018

The U.S. derivatives regulator is set to announce it has fined European lenders UBS, HSBC, and Deutsche Bank millions of dollars each for so-called spoofing and manipulation in the U.S. futures market, three people with direct knowledge of the matter told Reuters.

The enforcement action by the Commodity Futures Trading Commission (CFTC) is the result of a multiagency investigation that also involves the Department of Justice (DoJ) and the Federal Bureau of Investigation (FBI) — the first of its kind for the CFTC, the people said.

The fines for UBS and Deutsche Bank will be upward of $10 million, while the fine for HSBC will be slightly less than that, the people said, without providing exact figures. Continue reading “Article: US regulators to fine UBS, Deutsche Bank, HSBC for ‘spoofing’ and manipulation: Sources”