Trading

Idris Dayo Mustapha hacked into numerous accounts of U.S. customers of broker-dealers in and outside the U.S. The complaint alleges that Mustapha placed stock trades ...

ML willfully violated Section 15(c)(3) of the Exchange Act and Rule 15c3-3 thereunder. Known as the Customer Protection Rule (“Rule”), Rule 15c3-3 requires broker-dealers to ...

FINRA recently released FAQs to supplement the guidance the SRO provided in a January Trade Reporting Notice addressing a firm’s OTC equity trading and reporting ...

From approximately July 2010 through January 2011 (the “Relevant Period”), Respondents engaged in fraudulent trade allocation – “cherry-picking.” Respondents disproportionately allocated profitable trades to proprietary accounts ...

I therefore believe we owe it to stakeholders and end-users to finish a strong and effective regulation on automated trading this calendar year, and I ...

Regulation AT contains the notorious requirement that proprietary source code be accessible to the CFTC and the Justice Department without a subpoena. As I anticipated ...

This matter concerns investment adviser James Caird Asset Management LLP’s (“JCAM”) and its principal Timothy Leslie’s misleading disclosures concerning the trading overlap and allocations between ...

Engaging in a continuous pattern of fraudulent “scheme trades” to circumvent the provisions of an incentive fee structure has landed a hedge fund manager and ...

Markusen and Cope engaged in a scheme to defraud the Funds of illegitimately claimed research expenses by misrepresenting Cope as an independent research consultant so ...

Stephens Inc. will cease distributing firm-wide internal “flash” e-mails sent by its research analysts to trading personnel conveying information about companies and industries the broker-dealer ...