Displaying results 2001 - 2010 of 2823
Federal Court in New York Orders MF Global Inc. to Pay over $1 Billion in Restitution to Customers of MF Global Inc.
… DC – The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court consent Order against … Global general estate. The consent Order arises out of the CFTC’s complaint, filed on June 27, 2013, charging MF Global … other Defendants with unlawful use of customer funds (see CFTC Press Release 6626-13 , June 27, 2013). In the consent …
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Federal Court in New Jersey Orders Victor Eugene Cilli and His Company, Progressive Investment Funds LLC, to Pay over $700,000 in Restitution and Penalty in Commodity Pool Ponzi Scheme
… Cilli also pled guilty to related fraud and other criminal charges Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) has obtained a federal court consent order requiring … of over $500,000 and misappropriated investor funds (see CFTC Press Release 6053-11 , June 15, 2011). The court’s …
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Defendants Ordered to Pay $1.6 Million in Government's Attempted Manipulation Case against Concord Energy, LLC and Natural Gas Energy Traders Shawn McLaughlin and Darrell Danyluk
… D.C.— The U.S. Commodity Futures Trading Commission (CFTC) announced today the settlement of charges against defendants Concord Energy, LLC , Shawn … The consent orders arise out of the complaint filed by the CFTC on February 1, 2005, against Concord, McLaughlin, …
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Federal Court Orders California Man and His Company to Pay $9 Million in Restitution and Penalties for Forex Fraud
… from future violations of the Commodity Exchange Act and CFTC regulations, as charged in the complaint, and permanently bans them from registering with the CFTC and trading on any registered entity. Today’s order fully resolves the CFTC action filed on April 26, 2022. [See CFTC Press Release …
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Federal Court in California Orders Ralph Metters, aka Malachai “Moe” Levy, to Pay a $500,000 Penalty and Disgorge $500,000 of Ill-Gotten Gains for Defrauding Investors in a Foreign Currency Scheme
… DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Manuel L. Real of the U.S. … District of California entered a Consent Order settling CFTC charges against Defendant Ralph Metters , formerly of Los …
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Agricultural Advisory Committee
… MEETING PARTICIPANTS: BROOKSLEY BORN , Chairperson, CFTC JIM NEWSOME , Commissioner JOHN E. TULL, JR ., … Limits for Certain Agricultural Commodities and Amending CFTC Guideline 1, Contract Market Designation Requirements … into, open-interest, premiums, fees, commissions, and other charges, and the numbers of options and quantity of …
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South Carolina Federal Court Enters Judgment against Robert Stanley Harrison for Commodity Pool Fraud
… DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that Magistrate Judge Jacquelyn D. … entered a Consent Order for Permanent Injunction resolving charges against Robert Stanley Harrison of Easley, South … Investors Choice Advisors LLC (ICA). The Order stems from a CFTC Enforcement complaint filed on February 6, 2013 (see …
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Opening Statement of Commissioner Kristin N. Johnson: Measuring Benefits and Mitigating the Risks of Integrating Artificial Intelligence
… of establishing elements in enforcement cases.  The SEC and CFTC enforcement divisions initially concluded that an … years later, in 2015, the Department of Justice and the CFTC investigations revealed that a rogue London-based … supervisory technology (SupTech). [10]  As reported in our CFTC Agency Financial Report, [11]   the Commission’s …
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Virginia Federal Court Orders Ronald W. Smith, Jr., Doing Business as Safeguard 3030 Investment Club, to Pay More than $3 Million in Forex Ponzi Scheme
… proceeding, Smith pleaded guilty to federal criminal felony charges Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal court in Virginia … $188,842 and $1,242, respectively. The order stems from a CFTC enforcement action charging Smith with operating an …
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Federal Court Enters $2.2 Million Default Judgment Order against Florida-based Global Precious Metals Trading Company and its Owner, Michael Ghaemi, for Operating a Fraudulent Off-Exchange Precious Metals Scheme
… metals scheme and misappropriating customers’ funds (see CFTC Press Release 6587-13 , May 13, 2013). The Order, … them from violating the Commodity Exchange Act (CEA) and CFTC regulations, as charged. The Order finds that, from at … Reform and Consumer Protection Act of 2010 expanded the CFTC’s jurisdiction over transactions like these and …
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