Market Abuse Update – May 2017

The latest edition of our Market Abuse Update covers developments from the second half of 2016 through to April 2017. It features: the latest UK civil and criminal market abuse proceedings; significant international developments and enforcement cases; the FCA’s recent Market Maker Review focusing on market abuse systems and controls; an updated list of supplementary EU … Read more

UK Ofgem’s open letter on REMIT market abuse prohibition: a prelude to enforcement

The Office of Gas and Electricity Markets (Ofgem) issued an open letter to draw to the attention of wholesale market participants its views on: behaviour that it has observed in the UK market which may constitute market manipulation; issues in relation to the publishing of inside information; and the upcoming deadlines for registration and transaction reporting. The letter … Read more

French AMF fines two bloggers for misleading financial commentary

The AMF has taken enforcement action against the author of a blog, a retired professor of financial analysis who describes himself on his blog site as a contrarian, fining him €10,000 for having disseminated misleading information about the level of debt of a bank (effectively a form of market abuse).  A US blogger, who linked to the post and … Read more