Yan Cao, Principal, Cornerstone Research to Speak at KC's Event
This two-hour event is scheduled on Friday, November 18, 2016 @ 12:00 PM to 2:00 PM (ET).
- Jersey City, NJ (1888PressRelease) November 12, 2016 - The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Yan Cao, Principal, Cornerstone Research will speak at the Knowledge Group's webcast entitled: "Spoofing" and Disruptive Futures Trading Practices: What Every Firm Needs to Know LIVE Webcast.
For further details, please visit:
https://www.theknowledgegroup.org/all-events-list/live-webcasts/event-homepage/?event_id=1830
About Yan Cao
Yan Cao specializes in finance and financial accounting. Dr. Cao has expertise assessing issues related to market efficiency, valuation, derivatives, trading behavior, and risk management in a range of complex litigation, as well as in regulatory and internal inquiries. Her experience covers matters involving securities, bankruptcy, corporate transactions, and tax controversies. She also applies financial accounting analysis to a variety of issues, including those related to financial instruments.
Dr. Cao's case experience has covered a range of industries, spanning healthcare, pharmaceutical/biotech, real estate, telecommunications, and energy, with a particular focus on banking, insurance, broker-dealers, and other financial institutions. Dr. Cao has led large teams and worked with multiple experts in all stages of the litigation process. Her work includes substantial trial experience.
About Cornerstone Research
Cornerstone Research provides economic and financial consulting and expert testimony in all phases of complex litigation and regulatory proceedings. The firm works with an extensive network of prominent faculty and industry practitioners to identify the best-qualified expert for each assignment. Cornerstone Research has earned a reputation for consistent high quality and effectiveness by delivering rigorous, state-of-the-art analysis for over twenty-five years. The firm has 600 staff and offices in Boston, Chicago, London, Los Angeles, New York, San Francisco, Silicon Valley, and Washington..
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
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/
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