Stuart Armstrong
United Kingdom
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Articles by Stuart Armstrong
Can The CFTC Provide Clarity? The CFTC's Anticipated Regulation CTX And Regulation CAM
MV Moore & Van Allen More Moore & Van Allen is an Am Law 200 firm with 400+ attorneys and professionals serving public companies, middle market private companies, and high net worth individuals in key practices including financial services transactions and regulatory compliance, corporate, private equity and investments, litigation, intellectual property, bankruptcy, and commercial real estate.
The Desk: October Edition Newsletters
Welcome to the October edition of The Desk, where the only thing scarier than a zombie trade that never novated is the ticking sound of the impending Treasury clearing compliance date. We have something for everyone in this edition: Treasury clearing, enforcement, digital asset updates, relief for passive software providers, and prediction markets.
MVA White Collar Defense, Investigations & Regulatory Advice Blog
This post is accompanied by a special edition podcast of The Desk that focuses only on the CFTC’s Anticipated Regulation CTX and Regulation CAM. Listen on Apple Podcasts or Spotify.
The Desk: October Edition
Welcome to the October edition of The Desk, where the only thing scarier than a zombie trade that never novated is the ticking sound of the impending Treasury clearing compliance date. We have something for everyone in this edition: Treasury clearing, enforcement, digital asset updates, relief for passive software providers, and prediction markets.
Value generalisation Theory of Change: the theory behind the approach
Cross posted at the alignment forum. This is the first part of a theory of change explaining why I'm targeting value generalisation as the path to AI alignment. It presents the definitions and key claims behind the theory, and shows that most AI alignment failure modes are value generalisation failures. Note that a lot of these arguments are very similar to those about why alignment is hard in the first place. This is not a coincidence.
Value generalisation Theory of Change: putting it into practice
Cross posted at the alignment forum. In the previous post, I presented my theory of change for why value generalisation is vital for AI alignment. Here I'll add the practical part of the argument: given those facts, why explicitly try to do value generalisation, what are the dangers of the approach, how should it be done, and how do we mitigate the risks?
The Desk: August Edition
There are roughly thirty more days until football season kicks off (Roll Tide!). This year I (all of us!) get to watch football and be thinking about price discovery at the same time. Meanwhile, the NCAA recently submitted testimony to the House Agriculture Committee that greater oversight of prediction markets is needed.
Powerbrokers exposed and Premier League masquerades as a competitive environment Original
Laptop out, cup of tea to the side, fingers hovering awkwardly over a keyboard that for some time, I have known I need to stare down. Sounds dramatic to an extent, but then it is. Personal Newcastle United backstory is irrelevant, suffice to say I’m as wedded to our football club as most. My multiple, daily trips to The Mag are not unique. By definition, it is a place for opinion, a forum to vent, praise, criticise, an outlet for hope and despair in equal measure.
The Desk: June Edition
Enforcement Update This month’s enforcement roundup covers five significant CFTC developments that demand immediate attention from registrants and market participants: the Division of Enforcement’s new Cooperation Advisory, which replaces the prior framework with a clearer path to declinations; Chairman Selig’s keynote remarks at the recent FINRA conference signaling unprecedented coordination among the CFTC, the SEC, FINRA, and the NFA; the CFTC’s preemption lawsuit against Minnesota over...
The Desk: May Edition
Enforcement Round-Up April was one of the most consequential months in more recent CFTC enforcement history, headlined by the agency bringing its first-ever insider-trading charges involving a prediction market, the resolution of several previously filed matters involving commodity pool fraud, and a growing wave of federal preemption suits against states concerning regulatory authority over prediction markets.
The Desk: April Edition
Enforcement Round-Up New Enforcement Director, Updated Enforcement Priorities, and Forthcoming Self-Reporting and Cooperation Policy Changes As previewed in last month’s update, on March 2, 2026, Chairman Michael Selig formally announced former federal prosecutor and Greenberg Traurig alum David I. Miller as the CFTC’s new Director of Enforcement. Miller replaces Paul Hayeck, who had served as Acting Director since June 2025.
CFTC's No-Action Relief Fuels Energy Market Competition
By Stuart Armstrong and Barrett Morris ( March 20, 2026, 4:55 PM EDT) -- On Dec. 19, the Market Participants Division of the U.S. Commodity Futures Trading Commission issued CFTC Staff Letter 25-51, providing no-action relief from the obligation to include certain energy commodity end-user swaps in de minimis calculations in determining whether a market participant must register as a swap dealer.[1]... Law360 is on it, so you are, too.
The Desk: March | Moore & Van Allen PLLC - JDSupra
Enforcement Round-Up New CFTC Director of Enforcement? According to early press reports, and confirmed by a recent announcement on March 2,CFTC Chairman Michael Selig has selected David I. Miller to join the agency as its next Director of Enforcement. Miller is a partner at Greenberg Traurig LLP.
The Desk: January | JD Supra
Enforcement Round-up Wells and Investigative Process Enhancements. On December 1, 2025, former Acting Chair Pham announced another significant enforcement-related policy change in what was a transformative year for the CFTC and the Division of Enforcement (DOE) under her leadership.
The Desk: December | JD Supra
Enforcement Round-Up With the longest government shutdown on record taking up nearly half of the month and Acting Chair Pham waiting to pass the baton to Mike Selig (who is quickly progressing through the confirmation process), November was another enforcement-lite month.
Summary Of IOSCO's Pre-Hedging Final Report
MV Moore & Van Allen More Moore & Van Allen is an Am Law 200 firm with 400+ attorneys and professionals serving public companies, middle market private companies, and high net worth individuals in key practices including financial services transactions and regulatory compliance, corporate, private equity and investments, litigation, intellectual property, bankruptcy, and commercial real estate.
Summary of IOSCO’s Pre-Hedging Final Report
On November 3, 2025, IOSCO released its anticipated Pre-Hedging Final Report (“Final Report”) detailing its assessment of current pre-hedging market practices and setting out recommended guidance for International Organization of Securities Commissions’ (“IOSCO”) members.
Search Results
Introduction. Pseudomonas aeruginosa has a high propensity to develop drug resistance and is a leading cause of bacterial keratitis, particularly amongst contact lens (CL) wearers. Although CL wearers are advised to regularly disinfect their CLs with fresh multi-purpose disinfection solutions, adherence is often poor. This raises the possibility that P. aeruginosa may develop resistance to multi-purpose disinfection solutions when exposed to sub-inhibitory concentrations of disinfection solutions.
Induction of lipid A modification genes in Pseudomonas aeruginosa cells tolerant to a commercially available contact lens disinfection solution
Article metrics loading... /content/journal/jmm/10.1099/jmm.0.002073 Download as PowerPoint /deliver/fulltext/jmm/74/9/jmm002073.html?itemId=/content/journal/jmm/10.1099/jmm.0.002073&mimeType=html&fmt=ahah References Saw SM, Wu HM, Seet B, Wong TY, Yap E et al. Academic achievement, close up work parameters, and myopia in Singapore military conscripts. Br J Ophthalmol 2001; 85:855–860 [View Article] [PubMed] [Google Scholar] Seet B, Wong TY, Tan DT, Saw SM, Balakrishnan V et al.
The Desk: October | JD Supra
Happy October, the CFTC kept us very busy in September. Nonetheless, it’s time to plan your Halloween costume (unless like me, your children have already decided that for you). Options are Ghost of PTMMM (roams the halls giving mid), Zombie No-Action Letters (feels self-explanatory), and Guidance Gargoyle (feeds on withdrawing prior guidance letters). However, my kids have decided that I will be “Bobby” from K-Pop Demon Hunters. Maybe next year I’ll get to live out a swap related costume.
The Desk: July Edition | JD Supra
We hope everyone has a relaxing, safe, and enjoyable Fourth of July. Despite some personnel changes at the CFTC, the current administration seems to be hitting its stride in terms of enforcement actions and regulatory updates. As with nearly all things though, change may be just around the corner as Brian Quintenz had his hearing in June to be the next Chair of the CFTC.
Galápagos - Változó szigetek - Duna Televízió TV műsor 2025. június 29. vasárnap 16:30
★ Angol ismeretterjesztő film (2014) Film adatlapja Hatalmas teknősök, mélytengeri gyíkok, halászó kígyók és madarak, amelyek óriási mérges százlábúakat kergetnek, a világhírű Galapagos-szigetek vadvilága rendkívül bizarr és egyedülálló. Ez a káprázatos vad vidék ihlette Charles Darwin evolúciós elméletét, de mára hatalmas változásokon ment át, a turizmus pedig a népesség robbanásához vezet.
Precision medicine for Defence?
Precision medicine for Defence? Statistics from Altmetric.com Request Permissions If you wish to reuse any or all of this article please use the link below which will take you to the Copyright Clearance Center’s RightsLink service. You will be able to get a quick price and instant permission to reuse the content in many different ways.
Comparative Proteomics and Interactome Analysis of the SARS-CoV-2 Nucleocapsid Protein in Human and Bat Cell Lines
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The Talent Equation Podcast: "It's not pining for the fjords
Richard Burcuson and Dean Holden are the hosts of the Grass Roots Minor Hockey Podcast. A show dedicated to all things grass roots ice hockey in Canada and beyond... As they describe it...
Team to Win, Form, News
The upcoming friendly match between Gibraltar and Scotland has garnered significant attention. Scheduled to take place at Estadio Algarve on Monday, this clash will be crucial for both teams as they prepare for their future competitive fixtures. Match Preview Gibraltar has had a challenging run recently, with a series of heavy defeats marking their journey. Conceding 20 goals in their last two qualifiers, their defence has shown significant vulnerabilities.
The Talent Equation Podcast: "More skilled in 10 minutes of play...than 12 months of traditional training"
In this episode I am joined by Josh Peacock from 'Combat Learning' and the 'Combat Learning Podcast'. Combat Learning is about radically improving teachers and learners of martial arts using the ecological approach to training. They explore the little-known frontiers of skill adaptation, perceptual-motor learning, and human performance science for combat sports.
The Talent Equation Podcast: “I think sometimes you do drills for other reasons than skill development"
This episode is another in my new series focussed on having conversations with people I don't 100% agree with. Mike Jagacki joins me to explore the nuances of his basketball coaching philosophy which takes a 'best of both worlds' approach' trying to integrate ecological ideas with concepts from information processing. Key Themes Discussed:Balancing Coaching Styles: the importance of finding the right mix between structured and flexible coaching approaches.
The Talent Equation Podcast: Dog Walk Diary
So this is a bit of a high risk podcast. I’m joined for my reflective time with Flo the dog by my wife Claire to talk about what it’s like to live with me!! She doesn’t hold back!! Hope you enjoy Link to my podcast with Jamie Edwards https://www.spreaker.com/episo... Become a supporter of this podcast: https://www.spreaker.com/podcast/the-talent-equation-podcast--2186775/support.
Team to Win, Form
As Scotland and Northern Ireland gear up for their friendly clash on 26th March 2024 at Hampden Park, fans and analysts alike are keenly observing the dynamics that could influence the outcome of this much-anticipated fixture. Let's delve into the current form, team news, and scoreline prediction for both teams. Current Form Scotland, having secured their place in Euro 2024, faces a challenging phase with their recent performances.
Search Results
Rationale The respiratory epithelium comprises polarized cells at the interface between the environment and airway tissues. Polarized apical and basolateral protein secretions are a feature of airway epithelium homeostasis. Human respiratory syncytial virus (hRSV) is a major human pathogen that primarily targets the respiratory epithelium. However the consequences of hRSV infection on epithelium secretome polarity and content remains poorly understood.
The Talent Equation Podcast: “Talent is everywhere, but opportunity is not."
In this episode, we dive deep into the transformative world of talent development within England Hockey by welcoming back Brett Holland and Sean Kitson, two previous podcast guests and who share their experiences and approaches to nurturing young talent in the sport of field hockey.
The Talent Equation Podcast: 'Visualise tragedies
Andrea Enrich popped by to chat about his new book, '50 tipe sof rintelligent players - Vol 2' It is brillient and full of really powerful insights for players of all invasion games. There are some specific elements to field hockey and stick based sports but most of it applies more generally.
The Talent Equation Podcast: Dog Walk Diary
A proper deep reflection about a massive failure trying to be child first with a large group and it’s impact on my interactions with a neurodiverse child that I am still reflecting on and trying to come to terms with!
The Talent Equation Podcast: How 'the scenius' can be better than 'the system'
Graeme McDowall holds an MPhil degree in Sports Coaching Education from the University of Birmingham. He is a lecturer at the SRUC in Scotland and an associate lecturer in Sport and Exercise with the Open University. Graeme is made a welcome return to the show to explore the opportunities and challenges of using 2 touch in training.
Prevalence of low energy availability in 25 New Zealand elite female rowers - a cross sectional study
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The Talent Equation Podcast: "Coaching what can't be coached"
This week's guest is Andrew Sheaff, a swimming coach who has embraced the concept of non linear pedagogy and the constraints led approach in to his practice. So much so that he was invited by Professor Keith Davids to collaborate on a book all about the constraints led approach in swimming. If you go onto Andrew's website you will see the following passage... "It is extremely challenging to help swimmers to develop the skills to win races...
Why controlled automation is the future of repairs and maintenance management
Automation is everywhere at the moment. According to Deloitte’s Global Intelligent Automation Survey 2022, 87% of organisations have accelerated their investment in cloud-hosted automation services in the past year. To many, automation can sound scary. It brings to mind images of robots taking over and humans being displaced because their tasks have been given to computers. But automation doesn’t have to mean total replacement.
The Talent Equation Podcast: 'The Champion Teammate'
In today's competitive world, teamwork and leadership skills are essential for success in sports and life. In this episode, I speak with John O'Sullivan, co-author of "The Champion Team: Eight Timeless Lessons to Connect, Compete and Lead in Sports and Life," to explore the power of selflessness in sports and society, and how being outwardly focused can lead to greater individual and team success. One of the key factors in creating a champion team is to be selfless.
#retailinnovation #rice23 #retail
Retail Innovation Conference is one of my favorite retail events to both learn how #retailinnovation is being deployed and network with some of the smartest people in retail. If you are going to #rice23 please let me know, would love to connect. Hope to see you soon.
The Talent Equation Podcast: "Real talent is harder to hide than it is to find"
Wayne Goldsmith's journey began with packing boxes and evolved into a successful career in coaching and talent development. A chance encounter and someone's belief in Wayne's potential led him to pursue a career in sports science. Wayne has worked with organizations like Swimming Australia, Triathlon Australia, and the Wallabies.
The Talent Equation Podcast: "My job is not to change people...it is to help people make the change that they want"
Mark Bennett MBE makes a welcome return to the podcast. Mark has been a very popular guest in the past and he is back by popular demand. Mark was part of the physical training team within the Royal Marine Commando training school before taking his ideas about human development into civiian life with a major focus on sport. As always, it is a fascinating conversation...in this episode we cover...
The Talent Equation Podcast: Is kicking a ball against a wall of any value? A Twitter Spaces conversation on isolated practice on Apple Podcasts
Phillip O'Callaghan (@mrtenniscoach on Twitter) hosted another one of his Twitter Spaces discussions recently and I was asked to join with Marrianne Davies, Alex Lascu and Cal Jones to talk all about isolated practice. Here are the key takeaways... 1. Skill and technique are distinct concepts; technique refers to a movement pattern, while skill is the application of technique in response to a problem presented by a sport, activity, or game. 2.
The Talent Equation Podcast: What the story of the Otter and the Scorpion can teach us about coaching
Hey there! I just finished recording an incredibly insightful conversation with Nick Smallridge, whose journey from playing soccer in his small hometown to experiencing the professional setup in Finland has given him unique perspectives on coaching and player development. We discussed the transformative experiences that led Nick to adopt the ecological approach, and the challenges faced when implementing this approach.
SARS-CoV-2 NSP12 associates with the TRiC complex and the P323L substitution is a host adaption.
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The Talent Equation Podcast: '"The best technique is no technique at all"
In this episode I am joined by Shawn Myszka and Tyler Yearby from Emergence to disuss their recent paper co-authored with Keith Davids entitled 'Being Water: how key ideas from the practice of Bruce Lee align with contemporary theorizing in movement skill acquisition'. We discuss his famous quote 'fear someone who has practiced one kick ten thousand times' and explore how he may have meant for us to adapt and be 'like water', rather than trying to perfect technique.
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