Eventus

Day: September 14, 2022

CME Enforcement Action: Indicative Opening Price (IOP) Violations

By: Chris Waitz, Director of Regulatory Affairs, Eventus Two US Futures Commision Merchants (“FCMs”) recently paid fines totaling $120,000 to the Chicago Mercantile Exchange (“CME”) and the Chicago Board of Trade (“CBOT”) for submitting orders which adversely impacted the exchanges’ Indicative Opening Price. CME and CBOT Rule 573 (“Globex Opening”) states that prior to the …

CME Enforcement Action: Indicative Opening Price (IOP) Violations Read More »

Firms Still Experiencing Pains from Failures Related to Short Selling

By: Chris Montagnino, Directory of Regulatory Affairs, Eventus Two recent enforcement actions serve as reminders of the importance of having appropriate supervision and monitoring relating to short sales. In each matter, the firm incurred violations of SEC Regulation SHO (“Reg SHO”) and paid a six figure fine as a result of the missteps. SEC Rule …

Firms Still Experiencing Pains from Failures Related to Short Selling Read More »