Search Results for: CFTC
Over $31 Million in penalties for Fraud and Ponzi Scheme Operator
October 21st, 2015
In a Related Criminal Action, John R. Bullar was sentenced to 8 Years 4 Months in Prison and Ordered to Pay over $6 Million in Criminal Restitution The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Michael ...
Federal Court charges Alexander Glytenko and Direct Investment Products, Inc.
October 6th, 2015
Federal Court Orders Alexander Glytenko and His Company, Direct Investment Products, Inc., to Pay a Monetary Penalty and Restitution Totaling More than $3.8 Million in Connection with Commodity Pool Fraud The U.S. Commodity Futures Trading Commission (CFTC) today announced ...
First brokers stand trial over Libor
October 5th, 2015
The first brokers to face prosecution in the global Libor investigation over allegations they helped traders from various panel banks to manipulate the rate by acting as middlemen will go on trial this week in London. The case will ...
Federal Court Orders Futures International LLC and its Chief Operating Officer, to Pay $500,000 Penalty
September 28th, 2015
Federal Court in Illinois Orders Futures International LLC and its Chief Operating Officer, Amedeo Cerrone, to Pay $500,000 Penalty for Recordkeeping Violations, False Statements, Unauthorized Trading, and Supervision Failures The U.S. Commodity Futures Trading Commission (CFTC) today announced that ...
Oil Speculators Most Bullish in Two Months as OPEC Calls for $80
September 21st, 2015
U.S. crude output seen falling the most since 1989 next year Almost 15,000 short oil bets closed out before Fed decision Hedge funds slashed their bets on falling oil prices, leaving them the most bullish in two months ...
Bitcoin Is Officially a Commodity, According to U.S. Regulator
September 18th, 2015
The Commodity Futures Trading Commission makes its mark. Virtual money is officially a commodity, just like crude oil or wheat. So says the Commodity Futures Trading Commission (CFTC), which on Thursday announced it had filed and settled charges against a Bitcoin exchange for ...
CME Group Expands Deliverable Swap Futures Offering with 7-year and 20-year Denominated Contracts
September 9th, 2015
CME Group, the world’s leading and most diverse derivatives marketplace, announced it will launch 7-year and 20-year US Dollar Deliverable Swap Futures (DSF) onSeptember 28, 2015. This product extension builds on the success of the existing 2, 5, 10 and 30-year ...
Gold Price Slips as China Adds Another 16 Tonnes of Bullion
September 8th, 2015
Gold prices slipped in quiet trade in London on Monday, retreating near the lowest levels since mid-August at $1119 per ounce as European stock markets held flat, ignoring another sharp drop in Asian equities. New data overnight showed China’s People Bank growing ...
NFA: Effective date of new Forex Dealer Member Requirements
September 2nd, 2015
Effective date of new Forex Dealer Member Requirements The Commodity Futures Trading Commission (CFTC) recently approved NFA‘s amendments to NFA Financial Requirements Section 11, NFA Financial Requirements Section 12, and NFA Compliance Rule 2-36 and a related interpretive notice ...
U.S. Currency Probe Expands to Russia, Brazil Trades
September 1st, 2015
U.S. prosecutors have expanded their probe of currency-market manipulation by some of the world’s largest banks to include the Russian ruble and Brazilian real, according to two people familiar with the matter. The Justice Department is using cooperation agreements ...
