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 […]
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 […]
The marketplace for derivatives backed by digital assets is changing rapidly. But depending on who you ask, that pace of change could either be too fast—or not fast enough. That was the...Recently confirmed Commissioner Dan Berkovitz expressed optimism that the Commodity Futures Trading Commission will forge ahead on a "timely" agenda of issues in a bipartisan way. ...Chicago—FIA announced today that Freightwaves has been named the FIA Innovator of the Year at FIA Expo . Freightwaves will receive more than $20,000 in marketing support, cash and other resources...Chicago, IL – FIA President and CEO Walt Lukken today made the following statement regarding the Basel Committee on Banking Supervision’s announcement of a consultation on the leverage ratio...When it comes to gender diversity in the futures and derivatives industry, perception is reality. That was the key takeaway at a special panel discussion at FIA's Futures & Options...Chicago, IL – FIA President and CEO Walt Lukken today made opening remarks at the 34th annual FIA Expo. Mr. Lukken’s remarks, as prepared for delivery, follows: Welcome everyone to the...FIA today recognized and remembered the life of Futures Hall of Fame member John J. Conheeney who passed away this week. John was a 40-year veteran of the futures industry, serving as a longtime... (RSS generated with FetchRss) […]
FinanceFeeds - The parties have agreed on proposed settlement terms subject to the completion by Montroll of sworn financial statements and approval of the settlement by the Commission. The post SEC and BitFunder operator Jon Montroll agree on settlement appeared first on FinanceFeeds. […]
FinanceFeeds - The service encourages first-time and novice investors to build wealth by investing in familiar themes through the LINE app. The post LINE teams up with FOLIO to launch new mobile investment service appeared first on FinanceFeeds. […]
FinanceFeeds - The Exchange proposes to add order types that build on the existing Liquidity Adding Order and Post No Preference Order functionality to allow for repricing. The post NYSE Arca proposes to introduce new order types appeared first on FinanceFeeds. […]
FinanceFeeds - The new Mark Price IV calibration method provides a better and more comprehensive volatility surface. The post Interactive Brokers’ TWS platform switches to more precise Mark Price IV calibration method appeared first on FinanceFeeds. […]
FinanceFeeds - Under the agreement, Monex Inc will be offering the bank’s customers financial products and services, including domestic equities. The post Monex partners with Shizuoka Bank over financial instruments intermediary service appeared first on FinanceFeeds. […]
FinanceFeeds - The Exchange has entered into agreements with certain minority shareholders of LCH to acquire up to a further 15.1% of LCH's share capital. The post London Stock Exchange Group to increase its stake in LCH Group to over 80% appeared first on FinanceFeeds. […]
FinanceFeeds - Clients of Guotai Junan can now use the FPS to deposit funds to the settlement bank account of the brokerage. The post Hong Kong brokerage Guotai Junan announces Faster Payment System support appeared first on FinanceFeeds. […]
FinanceFeeds - Foley & Lardner LLP, counsel for AFX Capital Markets Ltd., AFX Capital U.S. Corp. and STO Super Trading Online, has received no response to numerous requests over the last two months. The post US Counsel for AFX Capital unable to reach firm, cannot get money owed appeared first on FinanceFeeds. […]
FinanceFeeds - The firms checked by the regulator have overall improved their practices of testing the knowledge of their clients about financial products. The post France’s AMF checks how investment firms assess client knowledge appeared first on FinanceFeeds. […]
FinanceFeeds - Defendants' counsel says the testimony of the Government's star witness Matthew Gardiner is highly prejudicial. The post “FX Cartel” traders request declaration of mistrial due to prejudicial testimony appeared first on FinanceFeeds. […]
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 […]
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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. […]
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. […]
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