By: Joseph Schifano, Global Head of Regulatory Affairs, Eventus FINRA recently alerted members to an emerging threat: “pump-and-dump-like” schemes against thinly-traded initial public offerings (IPOs). The behavior that FINRA, NASDAQ, and NYSE have all observed includes a bad actor manipulating the price of a small-cap IPO to inflate the price (pump) and then profit […]
Pig-Butchering, Evolving Schemes and Surveillance Read More »
In this episode of Eventus Quick Cuts, Mike and Joe discuss the topic of government enforcement action against market abuse. Joe covers the significance of the Coscia and Oystacher spoofing cases, including how they impacted compliance teams and key lessons learned. About Eventus Eventus is a leading global provider of multi-asset class trade
Eventus Quick Cuts – Enforcement Action Read More »
Originally published by The TRADE New study from Acuiti, commissioned by Eventus, found increased regulatory requirements and market volatility to be the main drivers of heightened complexity in trade surveillance. A new study from Acuiti has found increasing investment in automation to combat pressure on manual processes. This has been found to be resulting
London / New York / Singapore – 29 November 2022: The increasing complexity of trade surveillance requirements, driven by regulatory demands and exacerbated by volatility, is putting pressure on manual processes and driving investment in automation, a new study by Acuiti has found. Acuiti’s latest report — “Getting to the risk quicker: How trade surveillance
Regulation Asia Awards for Excellence and Canadian RegTech Awards honor company and its Validus platform for second consecutive year NEW YORK / SINGAPORE / TORONTO, Nov. 28, 2022 – Eventus, a leading global provider of multi-asset class trade surveillance and market risk solutions, announced today that in the past week, the firm earned three more
Originally published by FinTech Global ESMA’s recent MAR Review acknowledged there were varying views on pre-hedging. Eventus has explored whether pre-hedging counts as market manipulation. As a follow-up to its Review, the regulator is now analysing the practices of pre-hedging and will issue a call for evidence. Eventus stated that during the review, ESMA alerted market
FinTech Global: Eventus Explores if Pre-Hedging is Market Manipulation Read More »
This episode of Eventus Quick Cuts on EU’s MAR and MiCA focuses on the differences between the two regulations. Our Director of Regulatory Affairs, Digital Assets, Mike Castiglione and Director of Regulatory Affairs, David Griffiths discuss the compliance tech and methodologies to look out for in terms of trade surveillance and AML. About
Eventus Quick Cuts – EU MAR and MiCA Read More »
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
Is Pre-hedging Considered Market Manipulation? Read More »
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
TabbFORUM: Considerations for Spoofing Detection – Proving Intent Read More »
