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Enforcement Press Releases

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December

  • CFTC Appeals Frankwell Bullion Ltd., Et. Al. Decision #3981-96 December 13, 1996
  • CFTC's Division of Enforcement Establishes Virtual Open House on World Wide Web; Defendant Donald Chancey's Property to be Auctioned to Recover Funds Allegedly Embezzled in Commodities Scheme #3980-96 December 12, 1996
  • CFTC Settles Statutory Disqualification Action Against CBOT Floor Broker Timothy J. Murphy; Conditions Murphy's Registration for a Two-Year Period #3977- 96 (CFTC Docket SD 96-10) December 4, 1996
  • Florida District Court Judge Grants CFTC A Permanent Injunction Against JDI Limited D/B/A Future Vision, Richard A. Bandemer And Frederick W. Taft, Banning Defendants From The Futures Industry And Ordering Disgorgement, Among Other Sanctions #3976-96 (Civ 95-6221) December 3, 1996
  • New York Federal Disctrict Court Dismisses Action Against CFTC Filed By AVCO Financial Corporation #3975-96 December 2, 1996
  • CFTC Files Statutory Disqualification Action Against John P. Larocque And Simultaneously Accepts His Settlement Offer, Which Includes A Two-Year Period Of Conditioned Registration #3974-96 (CFTC Docket SD 97-1) December 2, 1996

November

  • CFTC Seeks Subpoena Enforcement To Compel Testimony And Production Of Records Related To London Financial, Inc., Of Jupiter, Florida, And Two Individuals.#3971-96 November 27, 1996
  • EX PARTE Order Entered by Michigan Federal Court Freezes Assets of Daniel M. O'Shaughnessey, Glory Fund I, Inc., and Glory Fund L.L.C. #3970-96 (Civ 96-10421) November 26, 1996 Also: Full Text of Complaint.
  • CFTC Files Anti-Fraud Enforcement Action Against Lexus Financial Group, Inc., David Alan Luger, And Mark Lee Singer, All Of Florida #3969-96 (CFTC Docket 97-4) November 25, 1996 Also: Full Text of Complaint
  • CFTC Accepts Settlement Of American Futures Group And Three Individuals Charged With Failure To Supervise #3968-96 (CFTC Docket 95-15) November 25, 1996 Also: Full Text of Order
  • CFTC Reaches Settlement With Iowa State Bank & Trust of Fairfield, Iowa, Which Was Named As A Relief Defendant in a CFTC Anti-Fraud Action Filed in January 1996 Release #3966-96 (4-96-CV-70005) November 14, 1996
  • CFTC Files Three Separate Administrative Complaints Related to Grain Contracts, Alleging Violations of the Commodity Exchange Act. Release:#3965-96 November 13, 1996 Full-Text of Complaints Are Available: CFTC Docket No. 97-1, CFTC Docket No. 97-2, CFTC Docket No. 97-3.
  • Florida Federal Court Enters Ex Parte Asset in Joint CFTC-State of Florida Anti-Fraud Action Against James V. Dowler, Jr. and Dowler & Beekman Trading Co., LTD, Both of Vero Beach, Fla. Release:#3964-96 (Civ 96-14284) November 5, 1996. Also: Full Text of Complaint

October

  • Texas Court Issues Preliminary Injunction in CFTC Anti-Fraud Action Against Eugene Morris Walter of Dallas, Texas #3963-96 (3-96-CV-2734-T) October 31, 1996
  • EX PARTE Order Entered By New York Federal Court Freezes Assets of World Wide Currencies Inc., United Currencies, And A+ Currencies of New York Release:#3959-96 (96 CIV 7814) (October 17, 1996) Also: Full Text of Complaint
  • CFTC Files Civil Complaint Against Kent Allen Ahrens of York, Pennsylvania, Alleging Fraud Under the Commodity Exchange Act #3958-96 (October 16, 1996) Also: Full Text of Complaint
  • California Court Issues Permanent Injunctions Against Lida International Financial Data and Worth Financial Data in Connection With Illegal Off-Exchange Futures Case, Also Involving Topworth International of Hong Kong As A Defendant #3955-96 (Civ. No. 94-1256) (October 15, 1996)
  • CFTC Establishes Special Internet Web Pages Seeking Whereabouts of Defendent Donald B. Chancey, Who Fled With Customer Funds #3956-96 (October 15, 1996)
  • Illinois Court Issues Permanent Injunction Against Robert A. Besner and New Forest Capital Management, Inc., in 1996 CFTC Anti-Fraud Action;Order Permanently Bars the Defendants from the Futures Industry #3952-96 (Civ 96C76) (October 8, 1996)
  • Preliminary Injunctions Issued by Arizona Court in CFTC Anti-fraud Enforcement Action Against United Metals Trading Corp., Western National Trading and Two of the Firms' Officers 3951-96 (Civ 96-2185) (October 8, 1996)
  • CFTC Files Complaint and Motion for Preliminary and Permanent Injunctions in Action Against Eugene M. Walter of Dallas, Texas #3947-96 (October 1, 1996)
  • CFTC Files Civil Anti-fraud Charges in Michigan District Court Against Gary Berus Individually and D/B/A Profit Masters Group, Meca International, and Patricia Gale #3946-96 (October 1, 1996) Also Available: Full text of Order
  • CFTC Files Statutory Disqualification Action Against Sanjay Saxena, a Registered Associated Person, and Select Sector Research and Management, Inc., a Registered Commodity Trading Advisor and Commodity Pool Operator, Both of Cary, North Carolina #3945-96 (October 1, 1996)

September

  • Ex Parte Asset Freeze Order Issued by Arizona Court in CFTC Anti-Fraud Enforcement Action Against United Metals Trading Corp., Western National Trading, Anthony F. Andrews, & Marvin C. Pendergraft #3944-96 (September 25, 1996)
  • Deloitte & Touche Agrees To Pay a $100,000 Civil Penalty to Settle a CFTC Administrative Complaint Filed Against It and Thomas D. Lux, a Partner in the Accounting Firm #3943-96 (September 25, 1996)
  • CFTC Files Statutory Disqualification Action Against Timothy J. Murphy, a Registered Floor Broker on the Chicago Board of Trade.#3942-96 (September 24,1996) Also Available: Full text of Order
  • 5-Year Trading Ban, and Cease and Desist Order Against Zoltan (Lou) Guttman of New York. #3940-96 September 16, 1996 Also Available: Full text of Initial Decision Against Zoltan (Lou) Guttman
  • Two Unregistered Commodity Trading Advisors Operating Over the Internet Halted From Violating Federal Commodity Laws #3935-96 (September 4, 1996) Also available: Full text of Orders Against J. Spencer Brown and Steven J. Marks

August

  • CFTC Files Anti-fraud Action Against a Turlock, California Commodity Pool Operator, Everett Scott Hobbs dba Commodity Futures Investment #3933-96 (CV-F-96-5946) August 15, 1996
  • CFTC's Division of Enforcement Sets Up Interactive Internet Enforcement Webpage, Linked to the CFTC Home Page #3930-96 August 9, 1996
  • CFTC Files Four-Count Complaint And Obtains Preliminary Injunction Against Thomas J. Deniz of Modesto, California #3928-96 August 1, 1996
  • Florida Court Enters CFTC Settlement Order with Concorde Trading Group #3927-96 (July 23, 1996)

July

  • Florida District Court Issues Orders of Disgorgement Against Rev. Gary A. Smith & Jay Blevins, Defendants in CFTC Anti-Fraud Action #3924-96 July 12, 1996
  • CFTC Files Nine-Count Complaint And Obtains Preliminary Injunction Against Edward W. Schroeder, The Edward W. Schroeder Living Trust, And Andre D. Fite of Santa Monica and Los Angeles, California #3925-96 July 16, 1996
  • CFTC Charges Oster Communications, Inc. d/b/a Future Source With Committing Fraud and With Registration Violations in Connection With Sale and Marketing of JDI Limited's "Micro-Trading System" #3921-96 (June 20, 1996) Also available: Full text of the Commission's Action
  • Illinois Court Issues Permanent Injunction in CFTC Anti-fraud Action Against Zebedee McLaurin, V., of Chicago Requiring Restitution of Customer Funds, Among Other Sanctions #3923-96 July 11, 1996
  • CFTC Order Imposes $600,000 Civil Penalty Against Fenchurch Capital Management Inc. of Chicago, In Connection with Market Manipulation and Cornering #3922-96 July 10, 1996 Also available: Full text of the Commission's Action

June

  • New York Court Refuses to Enjoin CFTC Investigation In Response to a Motion Filed by Avxo Financial Corporation #3917-96 June 11, 1996
  • CFTC Judge Finds that Solomon Mayer Committed Fraud by Bucketing Customer Orders #3916-96 June 11, 1996
  • CFTC Judge Orders Penalties Against Michael Staryk #3915-96 June 11, 1996
  • Texas Court Issues Preliminary Injunctions Against Christopher C. Schafer, A.R.S. Financial Services, Peter J. Urbani, and Alchemy Financial Group, All Charged In CFTC Enforcement Action #3914-96 June 5, 1996

May

  • Washington State Commodity Pool Operator, Ken Willey, Held in Contempt of Court for Refusing to Reveal Location of Commodity Pool Assets #3912-96 May 16, 1996

April

  • Colorado Court Issues Preliminary Injunctions Against Brian Prendergast and Joel de Angelis in CFTC Anti-fraud Action Against Prism Financial Corporation of Englewood, Colorado #3909-96 April 30, 1996
  • CFTC Files Statutory Disqualification Action Against Patrick D. Kelly, and Simultaneously Accepts His Settlement Offer, Which Includes a Two-Year Period of Conditioned Registration #3906-96 April 19, 1996
  • CFTC files enforcement action charging David and Mark Sitzmann and Sitzmann Commodities Inc. with fraudulent trading practices in the CME'slive cattle and hog futures contract #3904-96 April 18, 1996
  • CFTC files administrative action against three CME floor brokers, alleging fraudulent trade practice abuse in the live cattle futures pit #3905-96 April 18, 1996
  • CFTC files civil anti-fraud action against a Washington state commodity pool operator, Ken Willey #3902-96 April 11, 1996
  • Florida court issues ex parte asset freeze in CFTC anti-fraud action against Michael Indihar, Robert Hoffman, Computer Warehouse Inc., and Automated Trading Systems -- all of Florida #3900-96 (April 5, 1996)
  • Forida Court Issues Permanent Injunction Against Keith Dominick and Main Street Investment Group in 1994 CFTC Anti-fraud Action #3899-96 (April 3, 1996)
  • CFTC and Arizona Corporation Commission file civil anti-fraud complaint against AYM Financial #3898-96 (April 2,1996)

March

  • CFTC Files Statutory Disqualification Action Against CBOT Floor Broker, Edgar Clifford Sharp, III, and Simultaneously Accepts His Settlement Offer, Which Includes a Two-Year Period of Conditioned Registration #3897-96 (March 21, 1996)
  • CFTC Files Enforcement Action Alleging Fraud Against R&W Technical Services LTD. and Two Individuals, all of Texas #3996-95 (March 20, 1996)

February

  • Colorado court issues ex parte asset freeze order in CFTC anti-fraud action against Prism Financial and Brian Prendergast, both of Colorado, and two defendants in California #3892-96 (February 26, 1996)

January

  • REFCO agrees to pay a $925,000 civil penalty to settle a CFTC administrative proceeding finding that REFCO violated CFTC segregation and supervision requirements #3888-96 (January 23, 1996)
  • CFTC files enforcement action against Mark Stephen Shaner and Shaner Trading Partners in Iowa, charging commodity pool fraud #3887-96 (January 18, 1996)
  • Preliminary Injunction entered against Michael Tropiano d/b/a Ardmore Financial Services in filing of joint CFTC and SEC complaint #3886-96 (January 11, 1996)
  • CFTC files enforcement action against Robert A. Besner and New Forest Capital Management charging fraud and misappropriation #3885-96 (January 4, 1996)

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