Businessman accused of withholding valuable information that was extremely price-sensitive for the general market.
Insider trading
We spoke to Katie Daniels of Ropes & Gray about protecting corporate information in an age of prediction markets.
Our regular roundup of the latest news and developments from the FCA.
The AFM said the investor’s conduct posed a risk to the integrity of the financial markets and gave it solid grounds for imposing a penalty.
The regulator has published details of key enforcement actions, including arrests and bans, in its latest annual report and accounts published last week.
Our regular look at notable regulatory and compliance developments in the region.
The regulator’s investigation did not reach a clear conclusion on whether competition law was infringed or not, and the traders themselves have not made any admissions.
We discuss how this market offers opportunities for crowd forecasting and hedging certain risks but also carries significant risks regarding market manipulation, regulatory uncertainty, and more.