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Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539
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Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539
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Rahman Ravelli assesses the prospect of criminal or civil legal action in the US regarding Cum-Ex for Law360

10 February 2021

With Cum-Ex investigations progressing rapidly in Europe, Rahman Ravelli wrote for Law360 about the likelihood of similar developments in the United States.

In their piece, they examine the scale of the Cum-Ex allegations in Europe and summarises the significant events so far. They also gives a detailed explanation of what Cum-Ex trades are and how they operated.

Rahman Ravelli outline why they believes it is likely that enforcement lawyers at the US Securities and Exchange Commission (SEC) or US Department of Justice will eventually initiate their own Cum-Ex lawsuits and/or criminal prosecutions. They do so by explaining the similarities between Cum-Ex cases and some of those that have been managed by the SEC.

Rahman Ravelli also refer to one particular case that strengthens the jurisdictional grounds for prosecuting foreign Cum-Ex participants in the US. They emphasise that there are few major international financial scandals that have not resulted in enforcement activity in the U.S.

The article featured on Law360. (Subscription required)

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