Search Results for: U.S. Commodity Futures Trading Commission
Forex trading firm ordered to pay millions for fraudulent Forex pool scheme
December 27th, 2018
The Commodity Futures Trading Commission (CFTC) announced that on December 7, a federal court ordered New York firm Wright Time Capital Group LLC (d/b/a Global FX Club) (WTCG) to pay more than $1.48 million in civil monetary penalties and ...
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 ...
U.S. Federal Court enters $14 Million Judgment against Options Trader
October 12th, 2018
The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge John Robert Blakey of the U.S. District Court for the Northern District of Illinois entered a Consent Order for Permanent Injunction (Consent Order), which resolves charges against Defendant Thomas ...
U.S. District Court finds that virtual currencies are commodities
October 9th, 2018
On September 26, 2018, Senior Judge Rya W. Zobel of the U.S. District Court for the District of Massachusetts, entered an order holding that the Commodity Futures Trading Commission (CFTC) has the power to prosecute fraud involving virtual currency ...
U.S. and Australian financial regulators sign FinTech Cooperation Arrangement
October 8th, 2018
The U.S. Commodity Futures Trading Commission (CFTC) and the Australian Securities and Investments Commission (ASIC) signed an arrangement to cooperate and support innovation through each other’s financial technology (FinTech) initiatives – CFTC’s LabCFTC and ASIC’s Innovation Hub. “The signing ...
Futures trader and trading firm to pay $2.3 Million in penalties
September 24th, 2018
The Commodity Futures Trading Commission (CFTC) issued two orders filing and settling charges against Victory Asset, Inc. (Victory) and Michael D. Franko for spoofing—bidding or offering with the intent to cancel the bid or offer before execution—and for the ...
Irish companies to pay a multi-million dollar penalty for illegally trading Binary Options
July 20th, 2018
The Commodity Futures Trading Commission (CFTC) announced that on July 5, 2018, Senior Judge Royce C. Lamberth of the U.S. District Court for the District of Columbia issued an Opinion and Order (Order) against Defendants Intrade The Prediction Market ...
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 ...
CFTC opens access to Indian Futures market for U.S. customers
May 18th, 2018
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 ...
