Search Insights


39 Insights found for Financial Markets and Products > Financial Markets Enforcement and Litigation
News Release

Schiff Hardin Adds Commercial Litigator Kayvan Sadeghi in New York

This move deepens the firm’s SEC enforcement, investigations, and blockchain capabilities

Trending Legal Issue

The Treacherous Terrain of Penny Stocks

Thomson Reuters Wall Street Lawyer


Algorithmic Trading Regulation With An Enforcement Edge

Regulation AT has been proposed by the CFTC as an attempt to modernize the regulation of a rapidly evolving industry.


A New Hurdle for Defendants in Securities Fraud Class Actions

The Ninth Circuit recently became the first federal circuit court to expressly hold that the public disclosure of an SEC investigation can form the basis of a viable loss causation theory, if the defendant also made a subsequent corrective disclosure.


CFTC Adopts Margin Rules for Uncleared Swaps

On December 16, 2015, the CFTC voted to adopt final rules that will establish minimum initial margin and variation margin requirements for uncleared swaps entered into by swap dealers and major swap participants that are not overseen by federal banking regulators (collectively, Swap Entities).


CFTC Issues Record $10M Whistleblower Award

The U.S. Commodity Futures Trading Commission recently issued its largest ever whistleblower award—over $10 million—for information that led to a major CFTC enforcement action.


Derivatives & Futures Update

CFTC Proposes Algorithmic Trading Regulations for Proprietary Traders, FCMs, and Exchanges


Electronic Filing of Broker-Dealer Annual Reports

As a result of recent actions by the Securities and Exchange Commission (“SEC”) and its staff, registered broker-dealers, including over-the-counter (“OTC”) derivatives dealers, are now permitted to electronically file their annual and supplemental reports with the SEC through its Electronic Data Gathering, Analysis and Retrieval (“EDGAR”) system in lieu of filing the reports with the SEC in paper form.


Eleventh Circuit Limits SEC Look-Back Period and Sets Up Circuit Split

Does the general federal statute of limitations apply to government enforcement actions seeking “disgorgement?” The SEC says no.


SEC Approves FINRA Rule Requiring Registration of Algorithmic Trading Developers

In a move designed to reduce market manipulation, the SEC approved a proposed FINRA rule on April 7, 2016, that would require algorithmic trading developers to register as securities traders.


SEC Issues Guidance Regarding Mutual Fund “Distribution-in-Guise” Payments

The Securities and Exchange Commission (SEC) has issued its long-awaited guidance following the recent and well-publicized “distribution-in-guise” sweep examination.


CFTC Enters its First Non-Prosecution Agreements

The U.S. Commodity Futures Trading Commission (CFTC) recently announced its first use of non-prosecution agreements – in connection with three Citigroup employees accused of utilizing spoofing strategies.


U.S. Supreme Court to Decide Whether Failure to Make Required MD&A Disclosure Can Provide Basis for Damages Under Rule 10b-5

On March 27, the U.S. Supreme Court granted a petition for certiorari to decide whether a public reporting company can be held liable for damages under Rule 10b-5 of the Securities Exchange Act of 1934 for failure to include a disclosure mandated by an SEC rule.