Foreign Investment and National Security: Navigating Heightened Scrutiny of US, EU and UK Cross-Border Deals
JD Supra: Mergers
OCTOBER 16, 2024
For cross-border. By: Katten Muchin Rosenman LLP
Securities Litigation Against Life Sciences Companies 2024 Year in Review
JD Supra: Mergers
MARCH 31, 2025
Welcome to our ninth annual report on US securities class actions filed against publicly traded life sciences companies, which include pharmaceutical, biotechnology, medical device, and healthcare companies. By: Goodwin
Securities 
183
183 Join 38,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
SEC Prevails in Novel "Shadow Trading" Insider Trading Trial
JD Supra: Mergers
APRIL 19, 2024
The Securities and Exchange Commission ("SEC") won at trial in its first "shadow trading" case, holding a corporate official liable for insider trading for using nonpublic information about his company's acquisition to trade in securities of a third-party company that was not involved in the acquisition.
Trading 177
177 
“Shadow Trading” is Insider Trading: Jury Establishes Liability in Historic Shadow Trading Case
JD Supra: Mergers
APRIL 22, 2024
On April 5, 2024, a jury found Matthew Panuwat civilly liable for insider trading in violation of federal securities laws in a first-of-its-kind “shadow trading” case (also referred to as “sympathy trading”), which was commenced by the U.S. Securities and Exchange Commission (SEC) on August 17, 2021.
Trading 177
177 
TD Securities taps Deutsche Numis for new director of sales trading
The TRADE
JANUARY 8, 2025
TD Securities has appointed Rob Fallon as director of sales trading, based in Dublin. Fallon joins the firm from Deutsche Numis, where he spent the last two years, most recently serving as director of sales trading. The post TD Securities taps Deutsche Numis for new director of sales trading appeared first on The TRADE.
Sale 64
64 
New Insider Trading Precedent: Time To Update Insider Trading Policy
JD Supra: Mergers
APRIL 17, 2024
On April 5, 2024, the Securities and Exchange Commission (the “SEC”) obtained a verdict after an eight-day civil jury trial in SEC v. Panuwat”), in which the SEC alleged shadow insider trading, in violation of the federal securities laws. Pfizer”) to trade ahead of the news for his own enrichment. Matthew Panuwat (“SEC v.
Trading 183
183 
Takeaways for In-House Counsel from the SEC’s “Shadow Insider Trading” Trial
JD Supra: Mergers
APRIL 17, 2024
On April 5, 2024, a jury in California federal court found a former corporate executive liable for insider trading in SEC v. Panuwat, a novel enforcement action involving a theory known as “shadow trading.” In Panuwat, the U.S.
Trading 192
192 
SEC Wins Trial Involving First-Ever Shadow Trading Case
JD Supra: Mergers
APRIL 25, 2024
On April 5, 2024, a federal jury in the Northern District of California found defendant Matthew Panuwat liable for insider trading in the Securities and Exchange Commission’s (“SEC”) first-ever case involving the so-called “shadow trading” theory of insider trading. By: Paul Hastings LLP
Trading 183
183 
Shedding Light on "Shadow Trading" and What Companies Should Do Now
JD Supra: Mergers
AUGUST 22, 2024
The concept of insider trading under the federal securities laws has evolved over the years, at times in unexpected ways. Current insider trading standards have developed through case law and administrative actions applying the anti-fraud rules of the federal securities laws and have resulted in a framework that is not always clear.
Trading 171
171 
UPDATE: Shadow Trading Case Heads to Trial
JD Supra: Mergers
FEBRUARY 27, 2024
In November 2023, in Issue Lines Drawn in SEC Shadow Trading Case, we revisited the case Securities and Exchange Commission v. Panuwat, the SEC’s first enforcement action brought on the theory of “shadow trading.”. By: Patterson Belknap Webb & Tyler LLP
Trading 171
171 
Inside the Courts – An Update From Skadden Securities Litigators - September 2023
JD Supra: Mergers
SEPTEMBER 15, 2023
Two Sides of the Same Coin: Analyzing the Recent Ripple and Terraform Decisions - Key Points - - In July 2023, Judges Torres and Rakoff in the Southern District of New York issued rulings on whether digital asset sales through trading platforms constitute securities transactions subject to the federal securities laws.
Securities 177
177 
Inside the Courts – An Update From Skadden Securities Litigators - October 2024
JD Supra: Mergers
OCTOBER 2, 2024
Ninth Circuit Affirms Dismissal of Insider Trading Claims Against Satellite Operator Investors Based on Stock Sales After FCC Chairman Vote - In re Silver Lake Grp.,
Securities 192
192 
UPDATE: Issue Lines Drawn in SEC Shadow Trading Case
JD Supra: Mergers
NOVEMBER 10, 2023
In February 2022, in SEC Shadow Trading Case Breaks Ground, we discussed Securities and Exchange Commission v. Panuwat, the SEC’s first enforcement action brought on the theory of “shadow trading.”. By: Patterson Belknap Webb & Tyler LLP
Trading 171
171 
Out from the Shadows: The SEC Succeeds on Shadow Insider Trading Theory
JD Supra: Mergers
APRIL 16, 2024
The Securities and Exchange Commission obtained a victory in a closely-watched trial when a jury found Matthew Panuwat liable for insider trading based on a “shadow trading” theory.
Trading 183
183 
Cboe Clear Europe gets regulatory green light to launch securities financing transactions clearing
The TRADE
NOVEMBER 25, 2024
Cboe Clear Europe has received regulatory approval to clear European Securities Financing Transactions (SFTs), granted by De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM). The post Cboe Clear Europe gets regulatory green light to launch securities financing transactions clearing appeared first on The TRADE.
Finance 69
69 
Wells Fargo taps Credit Suisse for new senior securities sales trading specialist
The TRADE
NOVEMBER 3, 2023
Wells Fargo has appointed Jon Thorne as senior securities sales trading specialist, The TRADE can reveal. Jonathan Tse was appointed managing director, EMEA head of electronic trading quant analytics, platform and product at UBS last month, following a move over from Credit Suisse.
Sale 115
115 
SEC charges TD Securities as former head of US Treasuries desk found to have allegedly made ‘hundreds’ of illegal trades
The TRADE
OCTOBER 1, 2024
The US Securities and Exchange Commission (SEC) has charged TD Securities with manipulating the US Treasury cash securities market through an illicit spoofing scheme between April 2018 and May 2019.
Securities 111
111 
FTC secures record USD5.68 million gun-jumping penalty
JD Supra: Mergers
JANUARY 15, 2025
Federal Trade Commission announced a record USD5.68m civil penalty to settle alleged pre-merger coordination in violation of the HSR Act. On January 7, 2025, the U.S. This settlement is the largest dollar penalty that has ever been imposed by the U.S. agencies for a gun-jumping violation. By: A&O Shearman
Securities 171
171 
KNG Securities taps Morgan Stanley for new fixed income sales addition
The TRADE
NOVEMBER 26, 2024
Fixed income investment bank KNG Securities has added Mert Kisacik to its fixed income sales team, where he will hold responsibility for Turkish and Israeli markets. The post KNG Securities taps Morgan Stanley for new fixed income sales addition appeared first on The TRADE.
Sale 69
69 
New crypto trading venue aimed at banks and securities firms has launched as digital assets market infrastructure continues to evolve
The TRADE
DECEMBER 14, 2023
RULEMATCH, a new crypto trading venue, serves banks and securities firms which are already active in the crypto market has launched, offering a combination of integrated, post-trade settlement and ultra-low latency for participants including hedge funds and high frequency traders.
Trading 122
122 
Winterflood Securities joins OptimX liquidity provider pool
The TRADE
JANUARY 9, 2025
Winterflood Securities has become the latest liquidity provider to join OptimX Markets growing sell-side network. The liquidity provider will now be able to access institutional buy-side trading desks in the European markets directly via OptimXs platform. OptimX Markets is an institutional liquidity management platform.
Securities 59
59 
Trade associations file joint lawsuit opposing SEC securities reporting and short selling rules
The TRADE
DECEMBER 14, 2023
NAPFM, MFA, and AIMA have filed a lawsuit to the US Court of Appeals following the US Securities and Exchange Commission’s (SEC) adoption of two rules related to the requirements for reporting and public disclosure of securities loans and short selling activity.
Securities 115
115 
FlexTRADER EMS selected by Alecta to optimise cross-asset trading and execution
The TRADE
NOVEMBER 27, 2024
” Read more: JonesTrading deploys FlexTrade Systems’ FlexOMS to power its sell-side trading desks Following the implementation of FlexTRADER EMS, Alecta’s trading team will have access to an equities and derivatives trading platform that will handle the execution of both asset classes from a single order blotter.
Trading 64
64 
Rokos Capital Management appoints former Fidelity International exec as trading consultant
The TRADE
FEBRUARY 10, 2025
Rokos Capital Management has appointed Sabina Awan as trading solutions consultant, based in London. Most recently, she served as head of strategic initiatives for global trading. Prior to that, she worked as global trading business manager. Awan announced her appointment in a social media post.
Consulting 64
64 
HSBC and Abu Dhadi Securities Exchange partner to develop digital fixed income securities
The TRADE
NOVEMBER 2, 2023
Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East are collaborating to develop digital fixed income securities, with the aim to broaden capital market use cases in the Middle East. The post HSBC and Abu Dhadi Securities Exchange partner to develop digital fixed income securities appeared first on The TRADE.
Securities 109
109 
BlackRock and Citadel Securities back new Texas-based challenger exchange
The TRADE
JUNE 5, 2024
BlackRock and Citadel Securities have moved to support a new Texas-based contender exchange headquartered in Dallas. The new exchange is now setting out plans to file for registration with the US Securities and Exchanges Commission (SEC). The TRADE understands that BlackRock has taken a minority investment.
Securities 111
111 
[Video] Analyzing the Overlap Between CFIUS and FOCI
JD Supra: Mergers
JANUARY 7, 2025
Facilitating Security Clearances," host Molly O'Casey discusses the intersection of the Committee on Foreign Investment in the United States (CFIUS) and Foreign Ownership, Control, and Influence (FOCI) mitigation with Libby Bloxom, a fellow member of Holland & Knight's International Trade Group.
Trading 171
171 
Around two-thirds of buy-siders believe outsourced desks could enhance trade performance in cross-border trading
The TRADE
NOVEMBER 3, 2023
Almost two thirds (63%) of buy-side equity market participants believe outsourced desks would result in improved execution quality and trade performance when trading across regions, according to new research from Coalition Greenwich. This figure was up markedly from similar research in 2020, which had the result at 5%.
Trading 115
115 
Speed, Security, and Reliability: How Alice Blue Financial Services Enhanced Investor Experience with Razorpay
Razorpay
DECEMBER 2, 2024
Payment Delays and Transaction Hiccups For a company like Alice Blue Financial Services, where real-time trading and swift transaction processing are critical, delays in payment processing and refunds were becoming a recurring issue. As trading volumes increased, the need for a more robust, seamless payment solution became urgent.
Succesful traders combine data-driven analysis with traditional trading acumen
The TRADE
SEPTEMBER 24, 2024
The required skillsets on a buy-side FX trading desk are undergoing significant transformation due to technological advancements. Traditional skills, while still essential, are increasingly supplemented by a robust understanding of data analytics, algorithmic trading and technological tools.
Trading 115
115 
CME Group launches corporate bonds and mortgage-backed securities on BrokerTec Quote trading platform
The TRADE
MAY 21, 2024
CME Group has launched repo on corporate bonds and mortgage-backed securities (MBS) on its dealer-to-client (D2C) request-for-quote (RFQ) trading platform, BrokerTec Quote. US corporate bonds began trading yesterday, 20 May, with the remaining products expected to be live by the end of next month.
Corporation 72
72 
oneZero receives capital boost from new investor as it seeks to expand its role within the global OTC asset trading market
The TRADE
NOVEMBER 12, 2024
oneZero Financial Systems has received investment of an undisclosed sum from Golden Gate Capital as it seeks to expand its role across the global OTC asset trading market. The post oneZero receives capital boost from new investor as it seeks to expand its role within the global OTC asset trading market appeared first on The TRADE.
Capital 59
59 
FIS acquires post-trade platform Torstone Technology
The TRADE
FEBRUARY 27, 2024
Fintech giant FIS has acquired SaaS post-trade platform Torstone Technology, according to multiple sources close to the matter. Some of its major recent mandates include a 10-year agreement to provide post-trade technology to BNP Paribas and $1.5
Trading 111
111 
Euronext MTS to facilitate European Central Bank’s euro-denominated bonds electronic trading platforms
The TRADE
APRIL 4, 2024
Euronext’s dealer to client trading platform MTS BondVision has secured the contract to supply the European Central Bank (ECB) with electronic trading platforms for euro-denominated bonds. MTS BondVision covers rates, credit and repo.
Electronics 110
110 
Convertible Securities
Wall Street Mojo
JANUARY 17, 2024
What Are Convertible Securities? Article Link to be Hyperlinked For eg: Source: Convertible Securities (wallstreetmojo.com) The convertible securities are preferred over non convertible securities for investments, given the lesser payout involved and more fruitful returns expected. read more.
Securities 98
98 
T+1 Settlement Cycle to Take Effect on May 28, 2024
JD Supra: Mergers
MAY 28, 2024
Beginning May 28, 2024, the new T+1 settlement cycle will apply to most routine securities transactions, which means that the settlement period for most securities issuances and trades will shorten from two business days after the trade date to one business day after the trade date.1
Trading 165
165 
Repo trading becoming an increasing priority for the buy-side
The TRADE
NOVEMBER 6, 2024
Robbert Booij The asset class is increasingly becoming a buy-side topic said experts as end clients are voluntarily joining the cleared repo environment, viewing it as a neat instrument to facilitate trading. It’s education, it’s product offering, and marketing potentially as well [that will boost retail trading].
Trading 59
59 
Trading Technologies bolsters senior leadership team with three new additions
The TRADE
DECEMBER 4, 2023
Trading Technologies (TT) has made three new appointments to its senior leadership team, including chief operating officer; executive vice president of fixed income; and executive vice president of futures and options – all of which will join the firm on 1 January 2024.
Trading 115
115 
GIX trading platform the first green securities exchange to file with the SEC
The TRADE
JULY 18, 2024
The Green Impact Exchange (GIX) is on track to becoming the first sustainability-focused securities exchange in the US to file with the US Securities and Exchange Commission (SEC), and if approved, could begin operations in early 2025. It means your company is sincere in its motivation to follow through on those promises.
Trading 64
64 
This biotech stock is an 'oncology powerhouse' with 40% upside, says Truist Securities
CNBC: Investing
JANUARY 10, 2025
The firm's 12-month price target on the Nasdaq-traded shares of the German company is $172.
Securities 110
110 
Securities industry rallies hard against ESMA’s progressive settlement penalties suggestion
The TRADE
MARCH 4, 2024
The European Securities and Markets Authority (ESMA) published a consultation paper in December 2023 on the CSDR penalty regime seeking input on amendments which may include cash penalties that increase with the length of the settlement fail. On social media however, some experts questioned the consistency of the data.
Securities 96
96 
The TRADE predictions series 2024: Market Structure – industry unification
The TRADE
JANUARY 3, 2024
Simon Gallagher, chief executive, London and head of global sales, Euronext We think that the introduction of an anonymised, single-level pre- and post-trade consolidated tape will trigger innovations at trading venues. Cyber security will remain a top priority to ensure the industry has defence mechanisms to safeguard sensitive data.
Trading 111
111 
Majority of prop trading firms obliged to join FINRA under expanded SEC rule
The TRADE
AUGUST 24, 2023
The Securities and Exchange Commission (SEC) has moved to expand the remit of national securities associations such as the Financial Industry Regulatory Authority (FINRA). to cover previously exempt proprietary trading firms.
Trading 98
98 
Coinbase’s digital finance trading head returns to State Street as automation, analytics and platform services lead
The TRADE
JUNE 8, 2023
Delikaris rejoins the firm from Coinbase, where he most recently served as head of digital finance trading. Previously, he served as State Street’s global head of algorithmic trading, securities finance. Welcome back to State Street, Nick!”
Finance 105
105 
Let's personalize your content