Displaying results 1971 - 1980 of 2823
Seeing Commodity Pools More Clearly
… be responsible for any fees, margin calls, or any other charges in excess of your deposit. A commodity pool incurs … persons and satisfies certain liquidation measurements. The CFTC recently won a verdict for a case that spanned several … covered three of the fraud attributes discussed above. The CFTC charged Grace Reisinger of Grand Island, Nebraska and …
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Statement of Commissioner Kristin N. Johnson in Support of Enforcement Action Involving Fraudulent Precious Metals Scheme Targeting Elderly and Retirement-Aged Persons
… Last month, the Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District … and brokerages, and skepticism about fiat currency. The CFTC has issued customer advisories warning against precious … by a Digital Asset Ponzi Scheme, Feb. 16, 2023, https://www.cftc.gov/PressRoom/SpeechesTestimony/johnsonstatement021623 …
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Dissenting Statement of Commissioner Summer K. Mersinger Regarding Settlement with Uniswap Labs
… Today, the Commodity Futures Trading Commission (“CFTC” or “Commission”) once again swings its proverbial … [1]  Given that the Commodity Exchange Act (“CEA”) and CFTC rules were written for traditional, centralized market … tokens by third parties, all facts that support the charges in this settlement.  But, Uniswap also took …
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California Court Orders Gilbert Philip Castillo, Jr. and Castle Enterprise Corporation to Pay More than $800,000 in Disgorgement and $480,000 in Civil Penalties for Fraud by an Unregistered Commodity Trading Advisor
… D.C.— The U.S. Commodity Futures Trading Commission (CFTC) announced today the entry of an order requiring … provisions of the Commodity Exchange Act (CEA) and CFTC regulations. The order also finds that Castillo and … in the Northern District of California, resolves CFTC charges that the defendants fraudulently solicited members …
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Federal Court in Texas Orders Linda Harris, Chance Harris, CDH Forex Investments, LLC, and CDH Global Holdings, LLC, to Pay over $5.4 Million in Restitution and a Monetary Sanction for Forex Fraud
… DC — The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court order … and forex-related activity and from registering with the CFTC. The order, entered on June 12, 2012, by Senior Judge … Court for the Northern District of Texas, stems from a CFTC complaint filed on October 25, 2011, that charged the …
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Florida Federal Court Orders Sarasota Resident Beau Diamond and his Company, Diamond Ventures LLC, to Pay More than $4 Million in Restitution and Civil Monetary Penalties in Connection with Multi-Million Dollar Forex Fraud
… DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained more than $4 million … from April 2006 to September 2009. The order stems from a CFTC complaint filed on September 3, 2009, charging the … enforcement action. A jury found Diamond guilty on all 18 charges of the federal indictment on July 12, 2010, after an …
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Statement of Commissioner Kristin N. Johnson Regarding Enforcement Action to Stop Fraud Targeting the Spanish-Speaking Community
… Today, the Commodity Futures Trading Commission (CFTC or Commission) announced the approval by the Southern … available through registered trading activity. The CFTC must take decisive action in cases where fraudsters … N. Johnson, Commissioner, CFTC, Statement Regarding CFTC Charges in “Pig Butchering” Case, Jan. 19, 2024, …
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Federal Court Orders James C. Yadgir of Palatine, Illinois to Pay $130,000 Penalty for Violating Speculative Position Limits for Cattle Futures
… DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Sara L. Ellis of the U.S. … of Palatine, Illinois, who has been registered with the CFTC as floor trader since 1993 and as floor broker since 2007. The Order settles charges that Yadgir exceeded speculative position limits in …
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Federal Court Orders Florida Resident Todd Owen Marshall, Harvard Assets LLC, London Assets Inc. & Harvard International Trading, Inc. to Pay More than $2.4 Mln for Engaging in Illegal, Off-Exchange Precious Metals Transactions & Registration Violations
… June 20, 2016 In CFTC Enforcement Action, Federal Court Orders Florida … DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Beth Bloom of the U.S. … Court for the Southern District of Florida granted the CFTC’s motion for entry of final default judgment Order …
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Federal Court in Florida Imposes over $22.8 Million in a Monetary Sanction and Restitution against Floridian David Merrick and His Company, Trader’s International Return Network
… a parallel criminal action, Merrick was convicted on fraud charges and sentenced to 97 months imprisonment Washington, … DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Charlene Edwards Honeywell … pay restitution of $11,437,573 to defrauded customers. The CFTC order, entered on January 22, 2013, stems from a …
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