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CFTC

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Penalty of $11 Million imposed for fraudulent commodity pool trading schemes

11/12/2018(0)
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 ... Read More
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Company and individual charged for $170 Million Ponzi Scheme

19/11/2018(0)
The Commodity Futures Trading Commission (CFTC) and the Utah Department of Commerce, Division of Securities, through its Attorney General, jointly filed a civil enforcement action in the U.S. District ... Read More
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Former virtual currency trader fined over a million for Bitcoin and Litecoin fraud

12/11/2018(0)
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against Joseph Kim (Kim), of Phoenix, Arizona, requiring Kim to pay more than $1.1 million for ... Read More
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Former managing director of Deutsche Bank Securities Inc. charged for fraud

12/11/2018(0)
The Commodity Futures Trading Commission (CFTC) announced today that it filed and settled charges against Jacob Bourne, a former managing director of Deutsche Bank Securities Inc., for fraudulently mismarking ... Read More
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Firm and CEO to pay more than $2.5 Million for fraudulent Bitcoin ponzi scheme

19/10/2018(0)
A New York federal court has ordered New York corporation Gelfman Blueprint, Inc. (GBI) and its Chief Executive Officer Nicholas Gelfman of Brooklyn, New York, to pay in total ... Read More
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U.S. Federal Court enters $14 Million Judgment against Options Trader

12/10/2018(0)
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 ... Read More
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U.S. District Court finds that virtual currencies are commodities

09/10/2018(0)
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 ... Read More
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U.S. and Australian financial regulators sign FinTech Cooperation Arrangement

08/10/2018(0)
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) ... Read More
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Individuals and entities charged in global retail binary options fraud

28/09/2018(0)
The Commodity Futures Trading Commission (CFTC) announced that it filed two complaints in federal district courts in Florida against four individuals and three entities and issued seven administrative Orders ... Read More
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Futures trader and trading firm to pay $2.3 Million in penalties

24/09/2018(0)
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 ... Read More
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