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Insider Trading In Commodities Markets: An Evolving Enforcement Priority - Finance and Banking

To print this article, all you need is to be registered or login on Mondaq.com. The CFTC and the DOJ both now pursue enforcement actions against trading in commodities based on misappropriation of confidential information. Among the many changes resulting from the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), one that has been slow to develop, but broad in its significance, is the assertion of authority by the Commodity Futures Trading Commission (CFTC) to police insider trading and misappropriation of confidential information in commodities markets. As the primary regulator for derivatives across a wide range of markets, spanning

NY Attorney General sues company for allegedly preying on vulnerable immigrants

New York joins states suing bond company for allegedly preying on immigrants

NY Attorney General Letitia James. Immigrants being held in detention centers around the country are being preyed upon by a bond services company that claims to help them, according to a lawsuit filed by the attorneys general of New York, Massachusetts, and Virginia. The attorneys general joined the Consumer Financial Protection Bureau in the litigation, which was filed Monday in Virginia. The claim marked the culmination of a multiyear investigation into the company, Libre by Nexus, and alleges the company offers to front detainees the money they need to be released, but then lies about how much was owed, often charging  thousands of dollars more.

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