Close this search box.

Home of the best experts

News, Regulation, enforcement & litigation
By Gontran de Quillacq
On December 21, 2021

NatWest Pleads Guilty to Manipulating Treasury Markets

NatWest has admitted to market manipulation to the SEC. The guilty admission will cost much more than the $35m fine. It may become the SEC's new policy.

NatWest-OfficeNatWest has admitted to market manipulation to the SEC.

  • The fine is not big ($35m), but the many private litigations that will ensue will cost the firm much more
  • What is more relevant is that the SEC extracted a corporate confession.
  • Only 2% of the SEC settlements between 2014 and 2017 included such an admission of guilt. (see Wall Street, Companies May Have to Give Up More to Settle With SEC)
  • This low number is due to the SEC’s low resources. The agency often have to go to court to extract such a result – an avenue it rarely can afford.

So this settlement may herald a policy reversal and a more aggressive deterrence against corporate malfeasance.





Leave a Reply

Your email address will not be published. Required fields are marked *

We would like to express our heartfelt thanks to you, our clients, for your continued and growing business with us. We're also excited to share some...
Investments & markets
The CFTC just fined Goldman for failure to properly disclose prices fairly to clients. And it's all about a technical issue related to the timing of...
Investments & markets
Silicon Valley Bank (SVB) defaulted on Friday. At $212 bn of assets, it is the largest failure since 2008, and probably one of the fastest -...
The financial industry is a legal and compliance minefield for its million+ members. Through the Financial Professionals Coalition, Stephen Kohn, Bill Singer, and a talented group...
Investments & markets
Xi Jinping's new leadership team will maintain the current direction. And China's GDP will slow; the Chinese economy is unlikely to reach that of the US...
Regulation, enforcement & litigation
Johnson & Johnson has spent billions on cases about one of its most popular products - talcum powder. As its executives try a brazen new legal...