John Lothian News covered the May 8 panel at the Futures Industry Association's 41st annual Law & Compliance Division Conference featuring Steptoe partner Stacie Hartman. The panel, titled "In the Enforcement Spotlight: Manipulation and Misappropriated Information," addressed the two most notable areas of developing law in current Commodity Futures Trading Commission (CFTC) enforcement.
In the article, the editor writes: "The high point of this very interesting panel was the succinct explanation by Stacie Hartman … that insider information as a legal concern doesn't really arise in CFTC-regulated markets – with the narrow exception of the prohibition on use of non-public information by CFTC and self-regulatory organizations' staff in trading. About five seconds into her explanation I wished that there was a recording of what she was saying. Hartman clarified that futures markets are the platform for people and entities to act on their own private information and thus discover a market price reflecting market realities. Securities market-related concerns about unfair access to market information don't find the same footing in commodity futures markets. After Hartman slayed the insider information dragon, the panelists focused on 'misappropriated' information."
The full article can be read at John Lothian News.