Financial Regulatory Forum

Saudi court gives first jail term for stock market violation

August 18, 2009

By Souhail Karam
RIYADH, Aug 18 (Reuters) – A Saudi financial court has taken the unprecedented step of slapping a jail sentence on a violator of stock market rules, after the chairman of Bishah Agricultural Development Co was found guilty of insider trading.

FTC issues rule to fight oil manipulation

August 6, 2009

NEW YORK, Aug 6 (Reuters) – The U.S. Federal Trade
Commission said on Thursday it would impose $1 million per day fines on energy traders engaged in price manipulation, a strong signal of the Obama administration’s desire to crack down on fraud in the oil markets.