Archive

In Their Own Words -- Goelman

-- “We will vigorously continue to investigate any efforts to manipulate financial benchmarks, and we will take action where possible to protect the integrity of these benchmarks.”

The CFTC’s Enforcement Director, Aitan Goelman, commenting on recent settlements with Citibank over charges that the bank manipulated trading benchmarks.

New CFTC Program May Have Some People Seeing Red

By Jason Enzler There is a new program in town to help investors protect themselves from fraud.  The U.S. Commodity Futures Trading Commission has starting publishing the identities of foreign entities that the CFTC believes may be involved in illegal practices in what the Commission calls the RED List. With the RED List, investors are now able to go online to investigate whether companies have come under...

DOJ Catch Of The Week -- Deutsche Bank

This week's Department of Justice "catch of the week" goes to Deutsche Bank AG.  Yesterday, the German-based bank and its UK-based subsidiary DB Group Services (UK) Limited agreed to pay more than $2.5 billion to settle US and UK charges relating to their role in manipulating the London Interbank Offered Rate (LIBOR).  LIBOR is a leading benchmark interest rate used in financial products and transactions around the...