Futures | Commodities | Forex
NFA forex dues to increase by February
Posted by Felix Shipkevich on Dec 2, 2011 Posted by Felix Shipkevich on Dec 2, 2011 in Commodity Pool Operator, Commodity Trading Advisor ("CTA"), Featured, Forex Dealer Member, Introducing Broker ("IB"), National Futures Association ("NFA"), New Rules | 0 comments
The CFTC has approved amendments to NFA bylaws 1301 and 1302, as well as the related interpretive notice “Forex Transactions”. These changes modify the existing annual membership fee structure in order to more effectively account for increased auditing costs. The amendments were initially...NFA finalizes forex amendments
Posted by Felix Shipkevich on Oct 31, 2011 Posted by Felix Shipkevich on Oct 31, 2011 in Featured, Forex, Forex Dealer Member, Introducing Broker ("IB"), National Futures Association ("NFA"), New Rules, NFA Amendments | 0 comments
The NFA has finalized several proposed amendments to rules governing forex dealer members (“FDM”). These amendments were first proposed September in rule submission letters to the CFTC. One set of changes will come into effect next month, while the second will not be in place until January. The...CPO Denver Difference subject to NFA emergency action
Posted by Felix Shipkevich on Oct 21, 2011 Posted by Felix Shipkevich on Oct 21, 2011 in Commodity Pool Operator, Enforcement Actions, Featured, National Futures Association ("NFA") | 0 comments
The NFA has issued an emergency action against Colorado-based Commodity Pool Operator (“CPO”) Denver Difference Energy, LCC, and the firm’s principal and Associated Person (“AP”) Mukeeze Muwanga. The NFA states that the CPO has failed to cooperate with an investigation into the...CTA receives NFA BCC complaint
Posted by Felix Shipkevich on Oct 19, 2011 Posted by Felix Shipkevich on Oct 19, 2011 in Commodity Trading Advisor ("CTA"), Enforcement Actions, Featured, National Futures Association ("NFA"), NFA Regulations, Registration | 0 comments
The NFA’s Business Conduct Committee has issued a complaint against Commodity Trading Advisor (“CTA”) Golden Forex. According to the NFA, Golden Forex submitted misleading information to the Association about its listed Associated Person (“AP”), Kathie Bui. Golden Forex is a...Unregistered CPO accused of commodity fraud
Posted by Elan Mendel on Sep 30, 2011 Posted by Elan Mendel on Sep 30, 2011 in CFTC, Commodity Pool Operator, Enforcement Actions, Featured, Social Media | 0 comments
The CFTC has charged Oscar Hernandez and his companies Midway Trading Company and Conquest Investment Group with operating a commodity pool Ponzi scheme. The defendants did business as unregistered Commodity Pool Operators (“CPO”) and allegedly misappropriated $3 million from participants’...Accountant fined for inadequate FCM audit
Posted by Felix Shipkevich on Sep 26, 2011 Posted by Felix Shipkevich on Sep 26, 2011 in CFTC, Enforcement Actions, Featured, Forex, Futures Commission Merchant | 0 comments
The CFTC has filed and settled charges against public accounting firm McGladrey & Pullen, LLP, and firm partner David Shane. When McGladrey and Shane performed an audit on registered Futures Commission Merchant (“FCM”) One World Capital Group, LLC, they failed to report the many misstatements...CTA charged with solicitation fraud, misrepresentation
Posted by Felix Shipkevich on Sep 16, 2011 Posted by Felix Shipkevich on Sep 16, 2011 in CFTC, Commodity Trading Advisor ("CTA"), Enforcement Actions, Featured, National Futures Association ("NFA"), Social Media | 0 comments
The CFTC has brought charges against Commodity Trading Advisor (“CTA”) Paron Capital Management and the firm’s principal James D. Crombie for alleged false statements made to the NFA during an audit and for fraudulent solicitation. According to the CFTC brief, between August 2010 and March...FCM principal barred from NFA
Posted by Felix Shipkevich on Sep 14, 2011 Posted by Felix Shipkevich on Sep 14, 2011 in CFTC, Enforcement Actions, Featured, Forex, Futures Commission Merchant, National Futures Association ("NFA"), Social Media | 0 comments
The Appeals Committee of the NFA has announced a decision to bar Robert F. Gray, principal of ex-Futures Commission Merchant (“FCM”) Forex Liquidity, permanently from NFA Membership. The FCM and Forex Dealer Member is currently under receivership in California. According to the NFA, during a...Hunter and CTAs charged with futures and forex fraud
Posted by Elan Mendel on Sep 12, 2011 Posted by Elan Mendel on Sep 12, 2011 in CFTC, Commodity Trading Advisor ("CTA"), Enforcement Actions, Featured, Forex, National Futures Association ("NFA"), Regulators, Social Media | 0 comments
The CFTC has obtained an emergency order freezing the assets of Toby D. Hunter and his companies, Prestige Capital Advisors and D2W Capital Management in connection with foreign exchange (“forex”) and commodity futures solicitation fraud charges. D2W and Prestige are both registered Commodity...CPO/CTA SureInvestment suspended in NFA emergency action
Posted by Elan Mendel on Sep 2, 2011 Posted by Elan Mendel on Sep 2, 2011 in CFTC, Commodity Pool Operator, Commodity Trading Advisor ("CTA"), Enforcement Actions, Featured, National Futures Association ("NFA"), Social Media | 0 comments
The NFA has taken emergency action against SureInvestment, LLC and Cosby Wood. SureInvestment, a registered Commodity Pool Operator (“CPO”) and Commodity Trading Advisor (“CTA”), and Wood, the firm’s Associated Person (“AP”) and principal, are suspended from NFA...
