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Takeaways for In-House Counsel from the SEC’s “Shadow Insider Trading” Trial

JD Supra: Mergers

On April 5, 2024, a jury in California federal court found a former corporate executive liable for insider trading in SEC v. Panuwat, a novel enforcement action involving a theory known as “shadow trading.” In Panuwat, the U.S. By: Morrison & Foerster LLP

Trading 192
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Bank of England and FCA to launch joint Digital Securities Sandbox

The TRADE

“The intention of the Bank and the FCA is that financial market participants, such as companies that use capital markets to raise finance, or participants in financial markets who trade securities, should be able to interact with the firms inside the DSS as normal while benefitting from the new technology,” the pair said in a statement.

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Expansion of US equity options consolidated tape go live delayed

The TRADE

OPRA’s subscribers have now requested additional test time, which the authority has granted, with the go live now set for 5 February 2024, as opposed to the previously confirmed 5 October 2023. The post Expansion of US equity options consolidated tape go live delayed appeared first on The TRADE.

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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

The transition also has implications for financial markets infrastructure, including trading platforms, clearinghouses, and benchmark administrators, which need to adapt to support the use of alternative RFRs.

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The TRADE’s most read stories of 2024, part one: M&A, quant moves, and outsourced trading remits

The TRADE

FIS acquires post-trade platform Torstone Technology Coming in at number 10 in our 2024 most read countdown was a major merger and acquisition scoop announced at the start of the year. As revealed by The TRADE and sister publication Global Custodian in February, fintech giant acquired SaaS post-trade platform Torstone Technology.

M&A 52