Enforcement Proceedings

Spoofing

Two former commodities traders at a major global bank were convicted on federal wire fraud charges late Friday in a high profile – but rare partial win– for the government in a spoofing case. We previously discussed the theory of “spoofing” advanced by the Department of Justice against commodities traders, as well as the difficulty

White HouseThe Executive Office of the President issued a remarkable, yet little noticed Memorandum recently that has the potential to revolutionize the way justice is carried out in enforcement proceedings at federal agencies.

The Memorandum directs agencies to provide much greater due process to individuals and companies investigated by these agencies and addresses specific procedural and