Futures | Commodities | Forex
CFTC names Swaps Division director
Posted by Felix Shipkevich on Aug 22, 2011 Posted by Felix Shipkevich on Aug 22, 2011 in CFTC, CFTC Regulations, Dodd-Frank, Featured, Social Media | 0 comments
The CFTC has named Gary Barnett to head the agency’s new Division of Swap Dealer and Intermediary Oversight. The division was created as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act to enhance the Commission’s ability to regulate derivatives products. As head of a...CPO ordered to pay $835,000 for commodity pool fraud
Posted by Felix Shipkevich on Jul 28, 2011 Posted by Felix Shipkevich on Jul 28, 2011 in CFTC, CFTC Regulations, Commodity Pool Operator, Enforcement Actions, Featured, Social Media | 0 comments
The CFTC announced that Jay C. Nolan and his company Lodge Capital Group have been ordered to pay $825,000 as a civil monetary penalty for commodity pool fraud. Nolan and Lodge Capital, registered at the time as an Illinois commodity pool operator (“CPO”) were found to have defrauded investors of...AP fined for platinum and palladium price manipulation
Posted by Felix Shipkevich on Jul 26, 2011 Posted by Felix Shipkevich on Jul 26, 2011 in CFTC, CFTC Regulations, Commodity Trading Advisor ("CTA"), Enforcement Actions, Featured, Social Media | 0 comments
As a coda to last year’s enforcement action against Moore Capital Management, the CFTC has filed and settled charges against Christopher Louis Pia for attempted price manipulation. The hedge fund portfolio manager and CFTC registered Associated Person (“AP”) attempted to manipulate the...Penalty and prison time for commodity pool fraud
Posted by Felix Shipkevich on Jul 14, 2011 Posted by Felix Shipkevich on Jul 14, 2011 in CFTC Regulations, Commodity Pool Operator, Enforcement Actions, Featured, Social Media | 0 comments
The CFTC has announced that Joseph A. Dawson and his company Dawson Trading, LLC (DT) have both been ordered to pay $2.1 million in civil monetary penalty. A federal judge found that Dawson had committed solicitation fraud and misappropriated investor funds while acting as an unregistered associated person...CPO settles with CFTC over fraud charges
Posted by Felix Shipkevich on Jul 14, 2011 Posted by Felix Shipkevich on Jul 14, 2011 in CFTC Regulations, Commodity Pool Operator, Enforcement Actions, Featured | 0 comments
The CFTC has simultaneously filed and settled charges against Robert S. Moss, an unregistered commodity pool operator (“CPO”) accused of commodity pool solicitation fraud and misappropriation. The North Carolina resident has been ordered to pay over $2 million in restitution and...UPDATED: CFTC fines forex scammer Ortiz $1.2 million
Posted by Elan Mendel on Jul 12, 2011 Posted by Elan Mendel on Jul 12, 2011 in CFTC, CFTC Regulations, Enforcement Actions, Featured, Forex, Regulators, Social Media | 0 comments
UPDATE The CFTC has published a press release and court order confirming that it has obtained a default judgement against the defendant. According to the release, “The order finds that, since May 2008, Goyep and Royal Returns, acting through Ortiz, fraudulently solicited 11 customers by guaranteeing...CFTC charges unregistered IB and CPO with misrepresentation, misappropriation
Posted by Felix Shipkevich on Jul 11, 2011 Posted by Felix Shipkevich on Jul 11, 2011 in CFTC, CFTC Regulations, Commodity Pool Operator, Enforcement Actions, Featured, Futures Commission Merchant, Introducing Broker ("IB"), Social Media | 0 comments
The CFTC has charged unregistered introducing broker (“IB”) CIS Commodities LLC (CIS) and its founder Allen Nicholas Ward, with misappropriation and misrepresentation, and unregistered commodity pool operator (“CPO”) TransGlobal Investments LLC (TransGlobal) and its president Chales...Real estate scammer allegedly prey to forex fraud
Posted by Elan Mendel on Jul 7, 2011 Posted by Elan Mendel on Jul 7, 2011 in CFTC, CFTC Regulations, Commodity Trading Advisor ("CTA"), Enforcement Actions, Featured, Forex, Regulators, Social Media | 0 comments
The CFTC has filed charges against Mark Rice and his company, Financial Robotics (FinRob), for over-the-counter foreign exchange (“forex”) solicitation fraud and misrepresentation. A federal judge in Texas has frozen the defendants’ assets, prohibited the destruction of books and records, and ordered...Air traffic controllers and trader charged with forex fraud
Posted by Elan Mendel on Jul 4, 2011 Posted by Elan Mendel on Jul 4, 2011 in CFTC, CFTC Regulations, Enforcement Actions, Featured, Forex, Social Media | 0 comments
The CFTC announced that it has filed charges against Louis Giddens, Anthony Dutton, and Michael Gomez for running a fraudulent off-exchange foreign currency (“forex”) scheme. The defendants allegedly took approximately $1.4 million from investors, and misappropriated almost all of it. Giddens and...CFTC charges Nebraska CPO Reisinger with commodity pool fraud
Posted by Elan Mendel on Jul 3, 2011 Posted by Elan Mendel on Jul 3, 2011 in CFTC, CFTC Regulations, Commodity Pool Operator, Enforcement Actions, Featured, Social Media | 0 comments
The CFTC has charged Grace Elizabeth Reisinger and ROF Consulting with operating a fraudulent commodity pool scheme. The Nebraska resident and her firm operated commodity pool NCCN, LLC, where they bought and sold exchange traded commodity futures and options (“ETFs”) and other financial...
