The Knowledge Group Has Scheduled a Live Webcast on "Spoofing" and Disruptive Futures Trading Practices: What Every Firm Needs to Know

This two-hour event is scheduled on Friday, November 18, 2016 @ 12:00 PM to 2:00 PM (ET). End Quote

Jersey City, NJ (1888PressRelease) October 28, 2016 - The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: "Spoofing" and Disruptive Futures Trading Practices: What Every Firm Needs to Know LIVE Webcast.

Event Synopsis:
Under the Dodd-Frank Act, any trading practice "which violates bids or offers; or demonstrates intentional or reckless disregard for the orderly execution of transactions during the closing period," also known as spoofing, is illegal.

The year 2015 marked the U.S.' first criminal conviction of a trader for spoofing and the increase in the number of civil enforcement actions against the alleged traders. Michael Coscia, the first person to be convicted of spoofing crime, made civil case settlements amounting to a total of $2.7 million in disgorgement and $3.1 million in fines. Some other notable spoofing-related events include the cases of traders Navinder Sarao and Igor Oystacher.

Strengthened efforts are now geared towards spoofing detection, prevention, and punishment. Regulators are expected to actively monitor the markets through sophisticated spoofing detection technology. As a matter of fact, the Financial Industry Regulatory Authority ("FINRA") will begin to rate firms on the basis of spoofing volume and other manipulative trading tolerated through their systems. This will likely lead to increased enforcement actions and prosecutions in 2016 and beyond.

It is clear: firms need high quality compliance systems and individuals well-versed with the new regulatory backdrop to keep them out of spoofing trouble. Spoofing compliance systems help prevent spoofing risks and could help in mitigating any fine, should a firm be a target of regulatory scrutiny.

In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders will help traders and firms understand the fundamental aspects of "Spoofing" and Disruptive Futures Trading Practices. They will provide an in-depth discussion of this significant topic and will also offer best practices in developing and implementing an effective spoofing compliance system.

Key topics include:
-"Spoofing" and Disruptive Futures Trading Practices - An Overview
-Notable Cases
-Current Enforcement Trends
-Spoofing Risks
-Spoofing Penalties
-Legal and Regulatory Forecasts
-Best Practices - Spoofing Compliance Systems

Speakers/Faculty Panel:
Dr. Fabricio Nunez
Senior Associate
The Brattle Group

Shaun D. Ledgerwood
Principal
The Brattle Group

Yan Cao
Principal
Cornerstone Research

Brian L. Friedman
Senior Counsel
Proskauer

For an updated list of the faculty panel, please visit:
https://www.theknowledgegroup.org/all-events-list/live-webcasts/event-homepage/?event_id=1830

About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.

Visit http://theknowledgegroup.org/ for further information and inquiry.

###

space

Other Related Press Releases