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By: Martin Appiah, Director of Regulatory Affairs, EMEA, Eventus   In the final report on the MAR Review, published on the 24th September 2020, ESMA acknowledged that there are fundamentally different views on pre-hedging. As a follow-up to the MAR Review, ESMA is therefore undertaking an analysis of that practice in the market and on […]

By: Chris Montagnino, Director of Regulatory Affairs, Eventus   Recently, a broker-dealer was faced with an $850,000 fine from FINRA and a significant undertaking to hire an independent consultant for failures in the supervision of their surveillance and AML processes. The Firm did not have procedures to monitor for potentially manipulative trading, as well as

Originally published by TabbFORUM   As the CFTC continues to aggressively pursue spoofing violations, the charges and orders also provide insights into what the CFTC believes is proof of intent to spoof, writes Chris Waitz, Director of Regulatory Affairs at Eventus. In this article, Mr. Waitz offers eight examples of what the CFTC considers evidence

Originally published by Financial Times   City is attractive to investors from mainland China, where digital asset trading remains banned Hong Kong has kicked off a contest to become Asia’s crypto capital as investors and executives warn rival Singapore may be squandering its head start with its pivot to stricter regulation. The sudden shift in

Originally Published by FinTech Global   With the world becoming ever more digitalised, the need for strong KYC and AML practices has never been more important. How do they differ internationally? Clausematch GRC professional Eugenie Casier remarked, “KYC legislation is very much siloed. Different markets have different levels of maturity and different regulators will stress

Originally published by Financial Times   Change in stance contrasts with Chinese mainland and takes on Singapore as regional financial hub Hong Kong is taking steps towards legalising retail trading of crypto assets, in a reversal that contrasts Beijing’s crackdown on such transactions in mainland China. The Chinese territory’s regulators are also exploring the listing

  In this episode of Eventus Quick Cuts, our Director of Regulatory Affairs, Digital Assets, Mike Castiglione focuses on market abuse risk assessments with our Director of Regulatory Affairs, EMEA, Martin Appiah. As the FCA puts a lot of emphasis on conducting market abuse risk assessments – Martin discusses what it means for compliance teams

By: Chris Montagnino, Director of Regulatory Affairs, Eventus The year 2022 has been dominated by a high number of traditional insider trading actions brought by the Securities and Exchange Commission. The number of such cases has well exceeded the number of similar cases filed in 2020 and 2021. Cases range from corporate insiders trading while

By: Chris Waitz, Director of Regulatory Affairs, Eventus In recent enforcement action, The CFTC charged one trader and fined two other traders and one proprietary trading firm for spoofing violations. The two traders and the firm received fines totaling $850,000 and the traders also received trading suspensions of four months and six months. While these