Search Results for: National Futures Association
QuantX and its owner ordered to pay more than $1 Million for Forex Fraud
August 4th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today entered an Order requiring Jonathan A. Parker and QuantX Capital, LLC (QuantX), both of Marietta, Georgia, jointly and severally to pay a $680,000 civil monetary penalty and restitution totaling $341,500 and imposing permanent trading and ...
CFTC Orders Atlantas Group, Inc. and Edmund Hysni to Pay in Total $7.2 Million
July 15th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Respondents Atlantas Group, Inc. (Atlantas) and Edmund Hysni for committing solicitation fraud in connection with options on futures contracts trading on the Chicago Board of Trade ...
CFTC: Over $2.7 Million penalty for a Commodity Pool Fraud
June 23rd, 2016
Federal Court Orders Dante S. Giovannetti and His Companies Emini Experts, LLC and Capital Trading Concepts LLC to Pay over $2.7 Million in Restitution and Monetary Penalties for Commodity Pool Fraud and Other Violations of the Commodity Exchange Act ...
ECommPay: Regulations of FOREX industry
May 18th, 2016
Forex (FX) regulation is crucial to both security and mutual trust between traders and operators. Companies operating from jurisdictions lacking in regulatory supervision are able to do so in an unfair and illegal manner without facing serious repercussions. Moreover, ...
CFTC Announces Additional Names to Its List of Foreign Entities that Illegally Solicit U.S. Residents in Forex and Binary Options
April 19th, 2016
Registration Deficient (RED) List on CFTC Website Identifies Companies Operating Illegally without Being Registered As part of the U.S. Commodity Futures Trading Commission’s (CFTC) ongoing efforts to help protect Americans from fraud, today the agency announced the addition of ...
CFTC Orders Nathan Schleifer and Galileo Trading to Pay Restitution and Penalties Totaling More than $1.6 Million
April 13th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today settled charges against Nathan Schleifer of New York City, and his company, Galileo Trading, LLC (Galileo), for fraudulently soliciting customers to trade commodity futures and for repeatedly making numerous false statements and material misrepresentations to ...
NFA bars commodity trading advisor firm and its associated person
March 24th, 2016
National Futures Association (NFA) has permanently barred Rowland Heights, Calif., commodity trading advisor Accusigma Corporation (Accusigma) and its sole listed principal and associated person, Brent Park, from membership and from acting as a principal of an NFA Member. The Decision, issued by NFA’s ...
NFA orders Plantation, Florida retail foreign exchange dealer and swap dealer IBFX to permanently withdraw from NFA membership
March 16th, 2016
National Futures Association (NFA) has ordered IBFX, Inc. (IBFX), an NFA Member registered retail foreign exchange dealer and provisionally registered swap dealer (SD) located in Plantation, Florida, to permanently withdraw from NFA membership and from acting as a principal of an ...
CFTC Orders IBFX, Inc. to Pay a $1 Million Penalty
March 15th, 2016
CFTC Orders Florida-based IBFX, Inc. (f/k/a TradeStation Forex, Inc.) to Pay a $1 Million Penalty for Failing to Meet Minimum Capital Requirements, Failing to Timely Report Minimum Net Capital Violations, Supervisory Failures, and Violating a Prior CFTC Order The ...
NFA bars Streamwood, Ill. introducing broker Portfolio Managers Inc. from membership
March 1st, 2016
National Futures Association (NFA) has permanently barred Portfolio Managers, Inc. (PMI), an NFA Member introducing broker located in Streamwood, Ill., and PMI’s LA branch office associated persons (AP) Christopher M. Hogan andThomas G. Heneghan from membership and from acting as principals of an ...
