Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
On September 24, 2015, the CFTC issued an Order filing and settling charges against TeraExchange LLC, a provisionally registered Swap Execution Facility.
On September 24, 2015, the CFTC issued an Order filing and
settling charges against TeraExchange LLC, a provisionally
registered Swap Execution Facility. TeraExchange was charged for
failing to enforce a prohibition on wash trading and prearranged
trading on the SEF platform in connection with the SEF's
offering for trade of a non-deliverable forward contract based on
the relative value of the US Dollar and Bitcoin. TeraExchange is
required to cease and desist from future violations regarding trade
practices.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
