Bridging the Week by Gary DeWaal: August 14 to 18 and August 21, 2017 (Wash Trades; Spoofing; Bank Capital; Virtual Currency Businesses)

Published Date: August 20, 2017

A non-US-based commodity firm that allegedly tried to square up its books at month-end by placing matched buys and sells on a US futures exchange was charged with wash trading by the Commodity Futures Trading Commission. At the time – on or after first notice day in the relevant delivery month – the firm was precluded from transferring trades through book entry transfer transactions because of exchange rules. And last month an organization renowned for drafting model state laws approved a statutory framework for state regulation of persons engaged in a virtual currency business. As a result, the following matters are covered in this week’s edition of Bridging the Week:

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Gary DeWaal

Gary DeWaal is currently Special Counsel with Katten Muchin Rosenman LLP in its New York office focusing on financial services regulatory matters. He provides advisory services and assists with investigations and litigation.

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Gary DeWaal
Katten Muchin Rosenman LLP
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New York, NY 10022-2585


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