Search Results for: CFTC

CFTC announced $1.9 Million penalty for Bitcoin and Binary options fraud scheme

July 25th, 2018 (0)
On July 9, 2018, a New York federal court ordered Dillon Michael Dean (Dean) of Longmont, Colorado, and The Entrepreneurs Headquarters Limited (TEH), Dean’s UK-registered company, to pay over $1.9 million in civil monetary penalties and restitution in connection ...

CFTC warns people when purchasing virtual currencies

July 17th, 2018 (0)
The Commodity Futures Trading Commission (CFTC) issued a Customer Advisory warning customers to use caution and do extensive research before purchasing virtual coins or tokens, including those that are self-described as “utility coins,” or “consumption coins.” This is the ...

CFTC opens access to Indian Futures market for U.S. customers

May 18th, 2018 (0)
The Commodity Futures Trading Commission (CFTC) issued an order to the National Stock Exchange of India (NSE) as part of its longstanding program of regulatory deference to foreign regulatory frameworks. Through its Part 30 exemptive program the CFTC provides ...

CFTC Orders Cargill to Pay a $10 Million Civil Monetary Penalty

November 7th, 2017 (0)
The Commodity Futures Trading Commission (CFTC) announced the filing and simultaneous settlement of charges against Cargill, Inc. (Cargill), of Minnesota, for providing mid-market marks (marks) that concealed from counterparties and its swap data repository (SDR) its full mark-up on certain ...

CFTC grants amended order to Chicago Mercantile Exchange

November 1st, 2017 (0)
CFTC Grants Amended Order to Chicago Mercantile Exchange, Inc. Permitting Commingling of Funds in Connection with Futures and Foreign Futures Contracts Listed on the Dubai Mercantile Exchange Limited. The Commodity Futures Trading Commission (CFTC) issued an amended order to ...

CFTC announces Clearinghouse liquidity stress test results

October 18th, 2017 (0)
Staff of the U.S. Commodity Futures Trading Commission (CFTC) issued a report detailing the results of an evaluation of settlement liquidity at clearinghouses. The purpose of the analysis was to assess the impact of a hypothetical extreme but plausible market ...

CFTC Grants DCO Registration to LedgerX LLC

July 26th, 2017 (0)
The U.S. Commodity Futures Trading Commission (CFTC) announced that by a unanimous vote of the Commission, it has issued an order granting LedgerX, LLC (LedgerX) registration as a derivatives clearing organization under the Commodity Exchange Act (CEA). Under the order, ...

CFTC Charged a Company and its Owner in a More than $11 Million Trading Futures fraud scheme

June 9th, 2017 (0)
CFTC Charged Seattle Residents Sung Hong a/k/a Lawrence or Laurence Hong, Hyun Joo Hong a/k/a Grace Hong, and Her Company Pishon Holding LLC with Fraudulently Soliciting More than $11 Million from Customers in Connection with Trading Futures Federal Court ...

CFTC charged Tallinex with Fraud and Failure to Register as a Retail Forex Dealer

June 6th, 2017 (0)
CFTC Charges Estonian Company Tallinex with Fraud and Failure to Register as a Retail Foreign Exchange Dealer and Nevada Company General Trader Fulfillment with Failure to Register as an Introducing Broker The U.S. Commodity Futures Trading Commission (CFTC) announced ...

CFTC’s Division of Clearing and Risk Extends No-Action Relief for Shanghai Clearing House

May 17th, 2017 (0)
The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk (DCR) today issued a no-action letter extending the relief provided to the Shanghai Clearing House (SHCH) in CFTC Letter 16-56, which expires May 31, 2017. The extension ...
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