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 […]
Court Fines Former Pastor Wesley Allen Brown and Associates $8.6 for Defrauding Church Members On March 23, 2015 the CFTC filed a civil enforcement action against defendants Allen Brown, a former pastor now serving time in prison, for defrauding church congregants in violation of federal commodity laws. Brown abused his position as a religious leader […]
Federal Judge Sides With CFTC in Patrick McDonnell Bitcoin Fraud Case In January 18, 2018 the CFTC filed a complaint against Patrick McDonnell and his company CabbageTech, Corp. d/b/a Coin Drop Markets charging them with fraud in purchases and trading of Bitcoin and Litecoin. Yesterday’s hearing on March 6th, the Honorable Jack B. Weinstein of the U.S. […]
Joint Statement Addressing Virtual Currency by CFTC and SEC Enforcement Directors. Both the CFTC and the Security Exchange Commission (SEC) became increasingly active last year enforcing their jurisdiction in the virtual currency landscape. On December 2017 the SEC Chairman Jay Clayton issued a statement on the state of Cryptocurrency and Initial Coin Offerings (ICOs). Promptly the […]
FinanceFeeds - Leonel Alexis Valerio Santana receives 63-month prison sentence over defrauding victims of binary options brokers by falsely promising them funds recovery and legal assistance. The post SEC impostor claiming to offer binary options recovery services gets prison sentence appeared first on FinanceFeeds. […]
FinanceFeeds - Analysis of a UK data sample indicates that there is a case for exempting smaller FCs from clearing without compromising the objectives of EMIR. The post UK research on EMIR shows there is case for exempting smaller FCs from clearing obligations appeared first on FinanceFeeds. […]
FinanceFeeds - The High Court appointed administrators in respect of Premier FX Limited on August 13, 2018, the FCA confirms. The post FCA provides info to customers of Premier FX Limited appeared first on FinanceFeeds. […]
FinanceFeeds - Scamwatch received reports about $1.06 million being lost to investment scams in the week to August 12, 2018. The post Australians lose more than $1m due to investment fraud in the second week of August appeared first on FinanceFeeds. […]
FinanceFeeds - KPMG remains in the dark as to whether it should comply with GAIN's request to provide information about all audits it has conducted for TIBCO Software over the past five years. The post KPMG wants clarity on GAIN Capital – TIBCO dispute appeared first on FinanceFeeds. […]
FinanceFeeds - The pilot release comes with new features such as Server-side Bracket Orders and Estimated Place in Queue. The post New version of CQG becomes available appeared first on FinanceFeeds. […]
FinanceFeeds - The Government requested a 30-day continuance until September 12, 2018, so that the Government may file an indictment or other information in this case. The post Case against Ponzi scammer Renwick Haddow gets further continuance appeared first on FinanceFeeds. […]
FinanceFeeds - The notices set out ION Bidco's intention to acquire any remaining Fidessa shares in respect of which the offer has not been accepted. The post ION announces despatch of compulsory acquisition notices to Fidessa shareholders appeared first on FinanceFeeds. […]
FinanceFeeds - If the ex-head of ill-fated MtGox fails to act within the specified deadlines, he faces a default entry against him. The post Mark Karpeles has 10 days to reply to MtGox US customers’ claims appeared first on FinanceFeeds. […]
FinanceFeeds - According to the CFTC, James Vorley and Cedric Chanu attempt to seek discovery from the regulator without limitation, while trying to shield themselves from their obligations to provide discovery. The post CFTC warns that traders accused of spoofing are trying to obtain excessive evidence appeared first on FinanceFeeds. […]
Washington, DC – FIA and the FIA Principal Traders Group (together, FIA) today urged the Commodity Futures Trading Commission (CFTC) to retain the current $8 billion de minimis threshold for swap...London—6 August 2018 — FIA today announced the publishing of a fully updated and comprehensive set of industry standard contractual terms for derivatives clearing – the FIA Terms of Business 2018...On July 31, the U.S. Treasury Department released a report on financial technology and innovation. The report is the fourth and final in a series drafted in response to an executive order issued...Each year FIA organizes an Innovators Pavilion at the Futures & Options Expo in Chicago to showcase fintech startups that are offering forward-thinking solutions for the global capital markets...FIA submitted a letter to the European Commission and European Securities and Markets Authority on July 27 expressing opposition to the idea of allowing public entities to be exempt from...Washington, D.C.—July 25, 2018—FIA today released its half-year 2018 report on trading activity in the global exchange-traded derivatives market.... (RSS generated with FetchRss) […]
Press release about BCBS, CPMI, FSB, IOSCO report "Analysis of Central Clearing Interdependencies", 9 August 2018 […]
BCBS, CPMI, FSB, IOSCO press release about FSB and standard-setting bodies consulting on effects of reforms on incentives to centrally clear over-the-counter derivatives, 7 August 2018. […]
Press release about CPMI and IOSCO publishing "Implementation monitoring of the PFMI: Level 2 assessment report for Canada", 2 August 2018. […]
Fraudsters continue to impersonate FINRA executives, offering bogus investment "guarantees" to investors as part of an advance-fee scam. Read more about the lengths these fraudsters go to in creating a false sense of security. […]
(RSS generated with FetchRss) […]
CPMI Press Release "Jurisdictions continue to make progress in implementing standards for payment, clearing and settlement", 23 July 2018. […]
Press Release - the Basel Committee on Banking Supervision is issuing a revised G-SIB framework, 5 July 2018. […]
The Committee on the Global Financial System is issuing a report on "Financial stability implications of a prolonged period of low interest rates", July 2018. […]
Basel Committee issues technical amendment to the Net Stable Funding Ratio, 29 June 2018. […]
CFTC Law Copyright © 2018.