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 […]
We are reissuing this alert because, as interest rates have increased in recent months, so have calls to FINRA from investors concerned that promotions for higher-than-average CD rates are in fact pitches for high-commission investment products. […]
On Feb. 15, FIA responded to a request from the Commodity Futures Trading Commission for input on crypto-asset mechanics and markets. FIA urged the CFTC to carefully consider the lessons...FIA joined with the International Swaps and Derivatives Association and the Institute of International Finance in responding to a discussion paper issued by the Financial Stability Board on the... London, UK—FIA’s President and CEO Walt Lukken today announced his acceptance of the resignation of Simon Puleston Jones, who is leaving the organization for other business pursuits. Mr. Puleston...Washington, D.C.—Jan. 25, 2019—FIA today released summary statistics for annual trading activity in the global exchange-traded derivatives markets that showed record activity in 2018. The...Washington, DC – FIA today filed a response to the Basel Committee on Banking Supervision’s consultation on the treatment of client-cleared derivatives. The response urges the Basel Committee to...Washington, D.C. — FIA President and CEO Walt Lukken released the following statement on the retirement announcement of Senator Pat Roberts: “On behalf of FIA’s Board of Directors, members...The FIA Market Technology division completed its 15th annual continuity of business and disaster resilience test on Oct. 13, 2018. A full report on the test and its findings have been released.... (Feed generated with FetchRSS) […]
Press release "CPMI-IOSCO assessment concludes that Switzerland has generally implemented the PFMI", 30 January 2019. […]
The Committee on the Global Financial System is issuing a report on "Establishing viable capital markets", 23 January 2019. […]
Press release about Basel Committee completing review of Principles for sound liquidity risk management and supervision, 17 January 2019. […]
Press release about Governors and Heads of Supervision endorsing finalised market risk capital framework and Basel Committee work programme, 14 January 2019. […]
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BIS Press Release - The December issue of the BIS Quarterly Review - Yet more bumps on the path to norma […]
Press release about the Basel Committee consults on disclosure requirement to address leverage ratio window-dressing, 13 December 2018. […]
Press release about the Basel Committee publishing updated Basel III disclosure requirements, 11 December 2018. […]
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. […]
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