Shipkevich Bitcoin and ICO Attorney

Enforcement Actions

Felix Shipkevich May 19, 2011

The NFA announced today that it has levied a $500,000 against Vision Financial Markets LLC (Vision). Vision, a futures commission merchant (FCM) and introducing broker (IB) registered with the NFA, was not adequately supervising five of its Guaranteed Introducing Brokers (GIBs): 20/20 Trading Company, Statewide FX, Inc., Vista Trading Advisors, Inc., Investors Trading Institute, and […]

Felix Shipkevich May 17, 2011

The CFTC has filed fraud charges against Florida-based American Precious Metals LLC and the company’s principles, Sammy J. Goldman and Harry Robert Tanner. A federal judge has already shut down the company, placed it in receivership, and granted a restraining order filed by the Federal Trade Commission (FTC). The CFTC complaint alleges that American Precious […]

Felix Shipkevich May 16, 2011

The CFTC announced today that it has filed charges against Angel F. Collazo of Puerto Rico and his company, ACJ Capital, for off-exchange leveraged foreign exchange (forex) contracts fraud. Collazo is accused of fraudulently soliciting upwards of $1.7 million from 18 individuals, and then issuing false statements to conceal his losses. The court has also […]

Felix Shipkevich May 13, 2011

The CFTC announced today that FX Trading, a registered futures commission merchant (FCM) has been ordered to pay a $110,000 civil monetary penalty by a federal court in New Jersey. FX Trading was charged with failing to satisfy the minimum net capital requirements mandated for a CFTC-registered FCM. This action began in December 2005, when […]

Felix Shipkevich May 11, 2011

Financial giant Goldman Sachs has been under scrutiny by the CFTC, and has disclosed in its quarterly report that the agency may be filing charges soon. The Wall Street Journal reported this morning that CFTC has told Goldman it “intends to recommend…aiding and abetting, civil fraud and supervision-related charges” be brought against the firm’s trade-clearing […]

Felix Shipkevich May 5, 2011

The CFTC has filed an enforcement action against Michigan resident Jeffrey L. Groendyke for his business dealings via the JG Forex Fund (JGF). The complain alleges that JGF was a Ponzi scheme, and Groendyke has been charged with fraud and misappropriation of funds. The scheme stole over $900,000 from 54 investors. At the same time […]

Felix Shipkevich April 29, 2011

The CFTC filed a lawsuit against California based 20/20 Trading Company and 20/20 Precious Metals, as well as employees Bharat Adatia, Sharief McDowell and Todd Krejci. The complaint alleges that the companies and their employees defrauded customers of at least $4 million through deceitful marketing practices, hiding the almost certain fact that an investment in […]

Felix Shipkevich April 28, 2011

The office of Secretary William F. Galvin, Massachusetts’ top securities regulator, announced this week that he had launched an investigation into State Street’s foreign exchange operation two months ago. California and the Arkansas Teacher Retirement System are investigating the custody bank for similar misdeeds. The investigation stems from allegations made by Associates Against FX Insider […]