trending Market Intelligence /marketintelligence/en/news-insights/trending/xJlb8cn0Acqs1_mBI7IRqQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Ex-Deutsche Bank traders face prosecution over 'spoofing'

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Ex-Deutsche Bank traders face prosecution over 'spoofing'

Two former Deutsche Bank AG employees will face prosecution under the wire fraud statute over alleged fraudulent and manipulative precious-metals trading, Bloomberg News reported.

A criminal case against James Vorley and Cedric Chanu will be able to move forward after District Judge John J. Tharp in Chicago rejected a motion from the ex-traders to dismiss the case, the newswire reported.

The two were indicted by federal prosecutors in 2018, accused of "spoofing," or placing orders for futures contracts that they did not intend to execute, in order to manipulate the market.

Vorley and Chanu had argued that they had not made any false statements, which is required for a charge to be filed under the wire fraud statute.

But this argument was dismissed by the judge, who said in the ruling that omission of material information is also proscribed by the statute "if the omission was intended to induce a false belief and action to the advantage of the schemer and the disadvantage of the victim."