May 6, 2015
SEC Litigation Release - May 6, 2015: North Dakota Developments, LLC, Robert L. Gavin, and Daniel J. Hogan, et.
FDIC Office of Inspector General Press Release
The following press release, issued by the U.S. Department of Justice, was recently posted to the Federal Deposit Insurance Corporation’s (FDIC) Office of Inspector General (OIG) Web site:www.fdicig.gov. Such press releases reflect actions resulting from the OIG’s partnerships with U.S. Attorneys’ Offices throughout the country and other OIGs and law enforcement entities.
Two traders sued by CFTC for 'spoofing' on gold and silver futures: GATA | THE GATA DISPATCH - May 6, 2015
Two traders sued by CFTC for 'spoofing' on gold and silver futures
Tuesday, May 5, 2015
Tuesday, May 5, 2015
Two traders from the United Arab Emirates were sued by U.S. regulators over claims they were "spoofing" gold and futures markets by placing bids and offers they intended to cancel before execution.
The traders, Heet Khara and Nasim Salim, suspended for 60 days by CME Group Inc. last week, should be permanently barred from trading and fined from their illegal profits, the U.S. Commodity Futures Trading Commission saidin a complaint in Manhattan federal court. The practices they are accused of are similar to those in the case against Navinder Singh Sarao, the British trader facing U.S. charges for allegedly manipulating futures markets for five years and contributing to the 2010 flash crash.
Khara and Salim appeared to act "in a coordinated fashion" as recently as April 28, entering orders for gold and silver futures they never intended to execute, the CFTC alleged. Feigning interest in completing a trade is discouraged because it can drive prices in directions they wouldnt otherwise move. ...
... For the remainder of the report:
U.S. Department of the Treasury Press Release on May 6, 2015: Minutes of the Meeting of the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association May 5th
Minutes of the Meeting of the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association May 5th
The Committee convened in closed session at the Hay Adams Hotel atAll members were present. Counselor to the Secretary Antonio Weiss, Acting Assistant Secretary for Financial Markets Seth Carpenter, Deputy Assistant Secretary for Federal Finance James G. Clark, and Director of the Office of Debt Management Fred Pietrangeli welcomed the Committee. Other members of Treasury staff present were Chief Risk Officer Ken Phelan, Deputy Assistant Secretary for Capital Markets Monique Rollins, Deputy Director Allen Zhang, Deputy Director John Dolan, Laura Lipscomb, Dave Chung, Chris Cameron, Tom Katzenbach, Michael Puglia, Kanna Nakamura, Sundar Swaminathan, Adam Hodge, and Lepi Jha. Federal Reserve Bank of New York staff members Simon Potter, Lorie Logan, and Nathaniel Wuerffel were also present.
At the "Finance and Society," a conference sponsored by Institute for New Economic Thinking, Washington, D.C.
Released by the Board of Governors of the Federal Reserve System
NYT Today's Headlines - May 6, 2015: Top News | Editors Picks | Today's Video | World | U.S.| Politics | Business | Technology | Sports.
By ALISSA J. RUBIN
A measure would give the intelligence services the right to gather potentially unlimited electronic data from Internet communications, and to tap cellphones and capture text messages.