When you lose your digital assets, there isn’t exactly a 1-800 number you can call to seek legal recompense. It’s still the Wild West in a lot of ways...investors still get scammed, the heads of new platforms are still getting pinched for running unregistered...
The Cost to the MarketsIf there was a new prescriptive regulation from the CFTC that said every line of code written for any trading software must be documented as to its purpose and intent, there would be a hew and cry from the industry about the cost versus benefit...
Cost-benefit analysis is an important part of the regulatory process and even more so after Dodd-Frank became the law of the land. The CFTC does not have an unlimited budget, though it is attempting to throw the legal version of the kitchen sink at Jitesh...
Wednesday was the last hearing scheduled for this year for the Bcause bankruptcy. The next court date is January 7 when the bankruptcy trustee’s disposition of Bcause’s remaining “asset,” the spot market, will be presented to the court.
Day Two of EXPO provided enough time for at least three substantive and engaging sessions in its short format. On Friday, my colleague Suzanne Cosgrove reported on one of the conference’s last panels regarding replacements for the dysfunctional IBOR...
Transitions, disruptions and outright change are not new to the futures and options industry, but at this year’s FIA Expo, those themes seemed to loom especially large. One of the biggest changes the industry is facing is the transition from LIBOR to other...
FIA EXPO rolled into the Hilton on South Michigan Avenue Tuesday night as it does about this time every year. Ending midway through Thursday afternoon, it seems shorter this year, with fewer sessions, attendees and exhibitors.EXPO 2019 is...
Hester Peirce’s arrival to the main stage at the Block(Legal)Tech Conference in Chicago on October 24 felt like the arrival of a celebrity. Her awareness of the esteem in which the audience held her was apparent as she opened with the joke,...
I worked with traders and systems developers for many years when I was a futures broker. During the time I worked with them, they never shared with me their “special sauce,” the intellectual property that made their trading systems tick. There...
In a win for the CFTC, the Seventh Circuit Court of Appeals let the CFTC’s Commissioners breathe a bit more freely on Tuesday afternoon. The court ruled that the commissioners could not be required to provide testimony about their and the...
I have created a petition titled "Justice for Jitesh: CFTC Should Drop Civil Charges and Apologize" on Change.org. Here is a link to sign the petition: Justice for Jitesh Petition. I ask you to read and please sign this petition. My hope is go...
Kent Law College Covers Kraft-Mondelez, Renato Mariotti, and US v. Andrei Flotron Thom Thompson - John Lothian News The 11th annual Conference on Futures and Derivatives took place on Thursday at Chicago- Kent IIT College of Law. I was going...
U.S. Federal Bankruptcy Court Judge Janet Baer converted Bcause’s long six-month long Chapter 11 bankruptcy proceeding into a Chapter 7 bankruptcy under which the company will be liquidated. The U.S. Trustee has been asked to assign a trustee...
For nearly 50 years, the Chicago financial district has supported the Boy Scouts of America with a fundraiser. The glory years of the LaSalle Street Dinner featured a circus tent set up on LaSalle Street for a summer soirée.More than 100 years...
First Read Grayscale wants digital asset regulators and investors to get along Matt Raebel - John Lothian News When you lose your digital assets, there isn't exactly a 1-800 number you can call to seek legal recompense. It's still the Wild West...
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See also: The Big Bet Now Is On Britain’s Unreliable Polls: Trading Brexit, Wave Goodbye to Libor. Welcome Its Successor, SOFR, and more.
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