Navinder Sarao Pleads Guilty to Spoofing

Emily HayesCase Studies, Market Rules & Responsibilities

navinder-sarao-spoofing

On Wednesday, November 9, 2016, Navinder Sarao pled guilty to spoofing and wire fraud before Judge Virginia Kendall in the Northern District of Illinois. After unsuccessfully fighting his extradition from the UK, Sarao became the second person found liable for violating Dodd-Frank’s anti-spoofing statute after Michael Coscia was convicted last year.

Central Bank of Canada Experiments with Blockchain Technology

Emily HayesCase Studies, Market Rules & Responsibilities, Operations, Startup Tips & Resources

blockchain-technology

As large financial institutions partner with Fintech start-ups to test blockchain technology, it is no surprise that governments are also experimenting with blockchain to see any potential savings in transaction costs when clearing and settling payments.  Recently, the national governments of Canada and the United Kingdom tested the technology. The Central Bank of Canada conducted a trial in conjunction with the New York based start-up R3 CEV, whereby … Read More

CFTC’s Recent Spoofing Settlement

Emily HayesCase Studies, Market Rules & Responsibilities, Operations

CFTC-spoofing-cases

Igor Oystacher, the now-infamous trader nicknamed “the Russian,” and his proprietary trading firm, 3Red Trading, informed the Northern District of Illinois on October 19, 2016, that the parties agreed to settle with the CFTC on the agency’s spoofing allegations. The settlement announcement came after Oystacher and 3Red failed to convince the court to dismiss the case in September 2016. Yet, … Read More

Trademark Fee Changes

Genna HibbsBest Practices, Operations, Startup Tips & Resources

us-trademark-fee-changes

Effective Jan. 14, 2017, the U.S. Patent and Trademark Office (USPTO) will be revising its fee schedule. The upcoming changes are set forth in full in this final rule and summarized in this USPTO publication. Most fees will increase, as the USPTO attempts to “align fees with full costs.” At the same time, the changes aim to make electronic filing … Read More

Copyright Your Choreography

Ashley MorrisonBest Practices, Operations, Startup Tips & Resources

copyright-your-choreography

This article discusses how original dance choreography can be protected from imitation, so that choreographers can protect and profit from their creativity and hard work. Prior to the Copyright Act of 1976 (the “Act”), a choreographer’s right to his or her work was uncertain.  Since the enactment of the Act, “choreographic works” have been expressly included among the categories of … Read More

10 Things You Should Do to Capitalize on the Illinois Film Production Tax Credit

Ilya ZlatkinBest Practices, Operations, Startup Tips & Resources

illinois-film-production-tax-credit

When we’re sitting on the couch at home watching TV, it’s easy to forget how much effort and resources went into creating that content. In most circumstances, film production entails a significant investment on the part of the filmmakers and their financiers. These funds, in turn, create jobs and generate revenue. Many state governments have realized the impact that film … Read More

Art and the Art of Raising Money: Part 4, Asset Classes Q&A

Julianne DardanesBest Practices, Video

Part 3 of our Art and the Art of Raising Money series focused on certain factors of production and distribution that correlate with a film’s financial success. All three of our panelists agreed that the best strategy involves investing in a promising production team. The remaining portion of the event was opened up to the audience for questions, and it … Read More