Gelfman Blueprint and CEO Nicholas Gelfman of Brooklyn to pay in total over $2.5 million for the first anti-fraud action involving Bitcoin.
In a Press Release the U.S. District Court of Massachusetts held the CFTC has jurisdiction to enforce Cryptocurrencies as commodities.
FINRA Charges Ayre with Fraud and Unlawful Distribution of Unregistered Cryptocurrency Securities HempCoin FINRA announced today that it filed a complaint against Timothy Tilton Ayre of Agawam, Massachusetts, charging him with securities fraud and the unlawful distribution of an unregistered cryptocurrency security called HempCoin. This case represents FINRA’s first disciplinary action involving cryptocurrencies. In the complaint, […]
NFA takes emergency enforcement action against Chicago, Ill. commodity pool operator and commodity trading advisor Golden Point Capital Management LLC and its sole principal Glenn Graham
NFA Fines XFA Introducing Broker $100,000 For Compliance Violations Today the National Futures Association announced it ordered X-Change Financial Access, LLC. (XFA) Introducing Broker based in Chicago a $100,000 penalty for lack of “adequate supervisory procedures” to monitor and prevent violations of NFA Member Responsibility Action (MRA). Full Press Release below, “The Decision, issued by NFA’s […]
April saw the most enforcement actions by the CFTC for the year 2018. Some of these were the typical commodity pool schemes, precious metals schemes, spoofing, and fraud in Retail Forex; yet other enforcement actions involved new technologies such as Binary Options fraud relying on technology.
ATM Coin Part of Binary Options Fraud by Blue Bit Banc, CFTC Order Freezes Assets Last week a new cryptocurrency called ATM Coin was involved with CFTC charges against a Binary Options fraud scheme by Blue Bit Banc and other entities. Blake Kantor, aka Bill Gordon, and Nathan Mullins along with companies Blue Bit bank, […]
Floor Broker Fined $150,000 by the CFTC for “Spoofing” CME Wheat Futures Market The CFTC fined Anuj C. Singhal $150,000 to settle charges for “spoofing” the Chicago Mercantile Exchange (CME) wheat futures market. The relevant period of the offense was at least between March and June 2016, but this was a repeat offense since disciplinary […]
Aegis Capital Pays $1.3 Million for Anti-Money Laundering Violations FINRA and the Securities Exchange Commission have fined Aegis Capital Corp., NY based Broker-Dealer, $550,000 and $750,000, respectively, in enforcement actions for Anti-Money Laundering (AML) Violations. FINRA Fines Aegis Capital Corp. $550,000 On March 28th FINRA announced in a press release that they had fined Aegis Capital over half […]
CFTC Asks Court To Serve Summons Through Email for Bitcoin Scammer Dillon Dean Bitcoin binary options trader Dillon Michael Dean is strategically avoiding the CFTC court summons accusing him and his company of fraud. On January 18th the Commission filed an enforcement action against Dean and his company, The Entrepreneurs Headquarters Limited, alleging they misappropriated over […]
London, U.K.—FIA President and CEO Walt Lukken today made the following statement regarding reported action by the European Commission to deem UK’s regulatory and legal framework for UK CCPs as...Washington, DC – Today, FIA together with affiliate FIA Tech, announced new technical guidelines for firms to properly identify the correct brokerage when executing and clearing exchange traded...FIA joined three other financial trade associations in writing to European Union Vice President Valdis Dombrovkis seeking greater clarity regarding recent statements about temporary equivalence...When it comes to finding new retail customers in Asia, the playbook should be familiar to derivatives market participants: deploy cutting-edge technology, offer expansive market access, and...The U.S. Commodity Futures Trading Commission held a public meeting of its Market Risk Advisory Committee on Dec. 4 in Washington, D.C. The MRAC discussed, among other issues, clearinghouse risk...FIA has gathered the following information for individuals and companies who use the various financial markets on a daily basis. In observance of the National Day of Mourning to honor former...In 2018, China has taken great strides towards globalizing its derivatives markets. Yuan-denominated crude oil futures contracts began trading internationally in March, followed by iron ore... (RSS generated with FetchRss) […]
Press release about the Basel Committee publishing updated Basel III disclosure requirements, 11 December 2018. […]
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Press release "Cyber-resilience: range of practices report issued by the Basel Committee" (4 December 2018) […]
Press release "International supervisory community meets to discuss challenges ahead for global bank supervision and regulation" (29 November 2018) […]
Press release about FSB and standard-setting bodies publish final report on effects of reforms on incentives to centrally clear over-the-counter derivatives (19 November 2018) […]
Press release about the Basel Committee publishing more details on global systemically important banks (16 November 2018) […]
The Board of Directors of the Bank for International Settlements (BIS) today announced the election of Bank of Korea Governor Juyeol Lee to the Board. […]
The Bank for International Settlements (BIS) today announced that Siddharth Tiwari has joined the BIS as Chief Representative for Asia and the Pacific. […]
Information about the fourth FSI-GPFI conference on global standard-setting bodies and innovative financial inclusion, Basel, Switzerland, 25-26 October 2018 […]
Press Release - Basel Committee calls for further progress in the implementation of Basel III standards, 26 October 2018. Release of the "Fifteenth progress report on adoption of the Basel regulatory framework". […]
Press Release - Basel Committee seeks views on the leverage ratio treatment of client cleared derivatives, 18 October 2018. […]
Press Release - Basel Committee issues final "Stress testing principles", 17 October 2018. […]
Press Release - Basel III monitoring results published by the Basel Committee, 4 October 2018. […]
Press release about CPMI the release of the new Red Book payments statistics in a user-friendly format, 27 September 2018. […]
Press Release - the Basel Committee on Banking Supervision assesses Saudi Arabia's implementation of the NSFR regulation and the large exposures framework, 27 September 2018. […]
BIS Press Release - The September issue of the BIS Quarterly Review - Divergences widen in markets […]
Press Release - the Basel Committee on Banking Supervision is issuing frequently asked questions on the liquidity risk treatment of settled-to-market derivatives, 20 September 2018. […]
Press Release - the Basel Committee on Banking Supervision is finalising stress-testing principles, reviews ways to stop regulatory arbitrage behaviour, agrees on annual G-SIB list, discusses leverage ratio, crypto-assets, market risk framework and implementation, 20 September 2018. […]
Financial fraud routinely follows on the heels of disaster. Hurricane Florence and its aftermath are no exception. We are issuing this Alert to warn investors that investment scams may come your way touting stocks and other investments with the promise of huge gains in the wake of Florence. […]
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