Search Results for: Commodity Futures Trading Commission
Individuals And Their Companies Ordered To Pay Millions For Futures Trading Fraud
November 29th, 2017
The Commodity Futures Trading Commission (CFTC) obtained a Consent Order against Defendants Joseph Dufresne (a/k/a/ Joseph James) and Megan Renkow (a/k/a Megan James), both of Palos Verdes Estates, California, and their companies, United Business Servicing, LLC and United Business ...
Alleged Commodity Pool Fraud Took in More than $3.1 Million from at Least 72 Pool Participants
October 12th, 2017
The Commodity Futures Trading Commission (CFTC) announced the filing of a Complaint on October 2, 2017, in the U.S. District Court for the Central District of California. The CFTC Complaint, filed under seal, charges Defendants Scott Allensworth (d/b/a Capital ...
DV Trading ordered to pay a $5 Million penalty
June 30th, 2017
CFTC Orders Rosenthal Collins Capital Markets LLC, Now Known as DV Trading LLC, to Pay a Civil Penalty of $5 Million for Engaging in Illegal Wash Sales Designed to Generate Exchange Rebate Fees Former RCCM Trader Brandon Elsasser also ...
CFTC Charged a Company and its Owner in a More than $11 Million Trading Futures fraud scheme
June 9th, 2017
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 charges individual with fraudulently soliciting commodity futures customers
May 3rd, 2017
CFTC Charges Pennsylvania Resident William H. Powderly IV with Fraudulently Soliciting Commodity Futures Customers and Distributing False Account Statements The U.S. Commodity Futures Trading Commission (CFTC) filed an enforcement action in the U.S. District Court, Northern District of Illinois, ...
CFTC charges purported hedge fund that traded commodity futures and forex contracts
April 21st, 2017
CFTC Charges Purported Hedge Fund Capitol Equity FX LLC and California Residents Robert Leland Johnson IV and Marisa Elena Johnson with Fraud, Misappropriation, and Registration Violations The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a ...
CFTC Acting Chairman Giancarlo Announced Andrew B. Busch as the Commission’s first Chief Market Intelligence Officer
April 4th, 2017
U.S. Commodity Futures Trading Commission (Commission) Acting Chairman J. Christopher Giancarlo today announced that Andrew B. Busch has been named the Commission’s first Chief Market Intelligence Officer. After spending 30 years in the financial services sector, Mr. Busch comes ...
Energy Exchange in Europe set to acquire US-based futures exchange
March 6th, 2017
The European Energy Exchange (EEX) and the owners of US-based Nodal Exchange Holdings, LLC have reached an agreement under which EEX will acquire 100% of the equity in Nodal Exchange for a low triple digit million US-Dollar investment. As ...
BCSC warns for a Forex and Futures contracts provider
March 2nd, 2017
The British Columbia Securities Commission (BCSC) has issued a warning to inform public and investors about Trade12, owned and operated by Exo Capital Markets Limited and Global Fin Services Ltd. Trade12 claims to be based in Estonia, and offers an online ...
Individual and his company charged in a commodity futures and Forex Ponzi-Style Scheme
December 21st, 2016
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil anti-fraud enforcement action in the U.S. District Court for the District of Arizona, charging Defendants Derek Springfield and his company, Draven, LLC (Draven), both of Mesa, Arizona, with engaging ...
