Futures | Commodities | Forex
CFTC ACTION: Morgan Stanley and UBS
Posted by Felix Shipkevich on Apr 29, 2010 Posted by Felix Shipkevich on Apr 29, 2010 in CFTC | 0 comments
The CFTC announced the separate filings and simultaneous settlements of charges against Morgan Stanley Capital Group, Inc. and UBS Securities Inc. in connection with Morgan Stanley concealing from the New York Mercantile Exchange the existence of a large Trade at Settlement (TAS) block crude oil trade and...CFTC ACTION: Moore Capital
Posted by Felix Shipkevich on Apr 29, 2010 Posted by Felix Shipkevich on Apr 29, 2010 in CFTC, Commodity Trading Advisor ("CTA") | 0 comments
The CFTC issued an order filing and simultaneously settled charges that Moore Capital Management, LP, Moore Capital Advisors, LLC, and Moore Advisors, Ltd. attempted to manipulate the settlement prices of platinum and palladium futures contracts on the New York Mercantile Exchange. The CFTC also filed and...MAS reviews the regulatory regime for financial intermediaries
Posted by Felix Shipkevich on Apr 27, 2010 Posted by Felix Shipkevich on Apr 27, 2010 in Forex, Singapore MAS | 0 comments
The Monetary Authority of Singapore is reviewing the regulatory regime for financial intermediaries conducting fund management activities and the exemption regime for financial intermediaries engaged in leveraged foreign exchange trading. A consultation paper has been issued to seek comments from the...NFA ACTION: AVS Carter Financial, Inc.
Posted by Felix Shipkevich on Apr 27, 2010 Posted by Felix Shipkevich on Apr 27, 2010 in CFTC, Forex, National Futures Association ("NFA") | 0 comments
The NFA permanently barred AVS Carter Financial, Inc. from NFA membership. AVS Carter Financial is a Commodity Trading Advisor located in Chicago, Illinois. Shahzad Akram, the firm’s sole principal, is also barred from NFA membership for a period of two years. Akram must pay a fine of $5,000 if he...CFTC ACTION: Carmine Garofalo
Posted by Felix Shipkevich on Apr 22, 2010 Posted by Felix Shipkevich on Apr 22, 2010 in CFTC | 0 comments
The CFTC charged Carmine Garofalo, an Italian citizen, with options fraud, engaging in fictitious transactions and trading noncompetitively in violation of the Commodity Exchange Act and CFTC regulations. Garofalo has never been registered with the CFTC. The CFTC complaint alleges that on March 5, 2010,...NFA ACTION: Windsor Wealth Management LLC
Posted by Felix Shipkevich on Apr 21, 2010 Posted by Felix Shipkevich on Apr 21, 2010 in National Futures Association ("NFA") | 0 comments
The NFA issued a Complaint charging Windsor Wealth Management LLC with failing to list Anthony S. Bobba, formally principal of the Pioneer Commodities LLC, as a principal of Windsor; allowing equity withdrawals when Windsor’s adjusted net capital was under the equity withdrawal restriction; failing to...Cantor movie futures clearinghouse approved
Posted by Felix Shipkevich on Apr 20, 2010 Posted by Felix Shipkevich on Apr 20, 2010 in CFTC | 0 comments
The CFTC approved the applications of Cantor Futures Exchange, L.P. for designation as a contract market and Cantor Clearinghouse, L.P. to be registered as a derivatives clearing organization. Cantor also has requested approval from the CFTC of a contract related to domestic motion picture box office...CFTC approves MDEX for designation as a contract market
Posted by Felix Shipkevich on Apr 16, 2010 Posted by Felix Shipkevich on Apr 16, 2010 in CFTC | 0 comments
The CFTC approved the application of Media Derivatives, Inc. (MDEX) for designation as a contract market. The Commodity Exchange Act requires the Commission to approve such applications if the applicant meets criteria enumerated in the Act. MDEX also has requested approval from the CFTC of a contract related...NFA ACTION: Brewer Futures Group
Posted by Felix Shipkevich on Apr 15, 2010 Posted by Felix Shipkevich on Apr 15, 2010 in National Futures Association ("NFA") | 1 comment
On June 10, 2009, NFA issued a Complaint alleging that Brewer Futures Group failed to observe high standards of commercial honor and just and equitable principles of trade; failed to maintain required books and records; failed to maintain required capital; and failed to give notice. The Complaint also...CFTC ACTION: Kuen Cheol Song
Posted by Felix Shipkevich on Apr 12, 2010 Posted by Felix Shipkevich on Apr 12, 2010 in CFTC, Singapore MAS | 0 comments
The CFTC announced that it charged Kuen Cheol Song, a citizen of Singapore, with engaging in fictitious transactions and trading noncompetitively in violation of the Commodity Exchange Act and CFTC regulations. Song has never been registered with the CFTC. The CFTC complaint alleges that, since at least...
