Search Results for: commodity
Dollar slips against commodity currencies; the euro was down against the pound
April 23rd, 2020
The dollar slipped against the currencies of oil-producing states on Thursday, giving up earlier gains as a bounce in crude prices gave succour to markets shaken by the massive coronavirus-induced drop in demand. As Brent crude surged on signs ...
Individual and Company charged with ongoing Forex and Commodity fraud
December 18th, 2018
The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform about the filling of a civil enforcement action against an individual and his Illinois limited liability company for ongoing Forex and Commodity fraud. In accordance the announcement ...
Penalty of $11 Million imposed for fraudulent commodity pool trading schemes
December 11th, 2018
The Commodity Futures Trading Commission (CFTC) announced an Order of default judgment and permanent injunction has been issued against defendants Scott Allensworth (d/b/a Capital Growth Group Associates and Cobra Development Group LLP), of Newhall, California, and his California company ...
Operator of commodity trading fund charged with defrauding fund participants
July 3rd, 2018
The Commodity Futures Trading Commission (CFTC or Commission) filed a civil enforcement action in the U.S. District Court for the Eastern District of New York, charging Defendant Harris Bruce Landgarten of Old Brookville, New York, with defrauding participants in ...
U.S. court fined company for fraud in a commodity futures day-trading system
June 27th, 2018
Federal Court orders Jody Dupont of Anderson, South Carolina, and his company, Open Range Trading LLC, to pay $192,000 for defrauding customers in connection with offering and selling futures trading system. The Commodity Futures Trading Commission (CFTC) announced that ...
Companies and individual to pay $3.5 Million in commodity futures and Forex fraud
May 2nd, 2018
The Commodity Futures Trading Commission (CFTC) announced that on April 11, 2018, the U.S. District Court for the District of Colorado entered Default Judgment against Defendants Randall A. Vest and his holding company, Bulletproof Vest, Inc.(Bulletproof Vest). The judgment resolves a CFTC enforcement action ...
Moscow Exchange to expand commodity derivatives offering
April 12th, 2018
The Moscow Exchange has issued an announcement to inform that will facilitate investments in popular financial commodity instruments, and open up new opportunities for precious metals producers and consumers to trade on the Derivatives Market. Light Sweet Crude Oil ...
Biggest agricultural commodity winners and losers for March
April 2nd, 2018
Agricultural commodities in March gave back many of their early-year gains. Hard red winter wheat futures struggled as the drought-hit US southern Plains enjoyed, some, rain relief. And the soy rally stalled as forecasts for the Argentine soybean crop ...
Agricultural commodity prices to fall again in 2018, says Goldman Sachs
December 27th, 2017
Agricultural commodity prices, on course for a third successive year of decline, are on course for a fourth, Goldman Sachs said, even as it lifted its forecast for cotton prices. The investment bank forecast commodity returns overall, as measured ...
Corn and lean hogs top agricultural commodity bets for 2018, says Rabobank
November 23rd, 2017
Corn is the top bullish bet among agricultural commodities for 2018, followed by lean hogs, Rabobank said, in a briefing which cautioned over the potential for market influences from La Nina to freight. The bank, in its annual briefing ...
