Commodity-Corner.com is a Murphy & McGonigle resource for those interested in legal developments in the commodities, futures, and derivatives area. The information provided by this site is intended to provide insightful analysis and perspectives, as well as regulatory and enforcement updates and trends, in this increasingly varied and complex industry.
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On January 31, 2019, the Commodity Futures Trading Commission issued a speaking order simultaneously setting forth and settling allegations that Chicago resident, Kevin Crepeau, spoofed the Chicago Board of Trade’s soybean, soybean meal and soybean oil futures contracts from August 2013 through June 2016.
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Two Early 2019 Exchange Disciplinary Actions Charge Traders with Non-Competitive Trading
by: Katherine Cooper | (January 14, 2019)
Two different U.S. derivatives exchanges have issued early January 2019 notices of disciplinary action against market participants who engaged in non-compeititve trading.
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CFTC request for input regarding crypto-mechanics and markets for Ether and Ethereum Network
by: Elizabeth Lan Davis | (December 20, 2018)
On December 11, 2018, the CFTC issued its Request for Input on Crypto-Asset Mechanics and Markets (“RFI”) seeking public comment and feedback on the “technology, mechanics, and markets for virtual currencies beyond Bitcoin, namely Ether and its use on the Ethereum Network.” The RFI was made in furtherance of the CFTC’s LabCFTC initiative and seeks information to “better inform the Commission and its operating divisions as the market evolves and potentially seeks to list new virtual currency-based futures and derivatives products.”
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Proving market manipulation needs more than the “earth is flat”
by: Elizabeth Lan Davis | (December 04, 2018)
“It is not illegal to be smarter than your counterparties in a swap transaction, nor is it improper to understand a financial product better than the people who invented the product.” So wrote Judge Sullivan nearly two years after the bench trial in CFTC v. DRW, in entering judgment in favor of the Defendants on all of the CFTC’s market manipulation claims. The long-anticipated decision is a significant setback for the CFTC’s anti-manipulation campaign.
Other Recent Blog Posts
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New York Attorney General Sues Coinseed Alleging its Virtual Currency Trading Platform Made it an Unregistered Commodity Broker-Dealer under the Martin Act
Blockchain Law Center | (03/03/2021)
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SEC Issues Risk Alert Highlighting the Continued Focus on Digital Asset Securities
Blockchain Law Center | (03/02/2021)
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OCC Approves First Crypto Bank
Blockchain Law Center | (01/14/2021)
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The SEC Permits Some Broker-Dealers to Custody Customers’ Digital Asset Securities
Blockchain Law Center | (01/04/2021)
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CFTC Digital Assets Primer Overview
Blockchain Law Center | (12/23/2020)
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