Fraud, Manipulation and Deception: CFTC/SEC Proposed Rules
Mondaq Business Briefing › United States Law Articles in English (2010)
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Fraud, Manipulation and Deception: CFTC/SEC Proposed Rules
On November 3, 2010, both the Commodity Futures Trading Commission ("CFTC") and the Securities and Exchange Commission ("SEC") proposed rules under the new anti-manipulation and anti-fraud provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act" or the "Act").1
The CFTC proposed rules broaden the scope of existing prohibitions on price manipulation. The SEC Proposed Rule 9j-1 expands the language of 10b-5 as specifically applied to security-based swaps2 to capture instances of fraud and manipulation in connection with on-going obligations arising under security-based swaps, such as cash flow payments. The anti-fraud and anti-manipulation provisions of the Dodd-F...See the full content of this document
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