Displaying results 2151 - 2160 of 2823
“NOT ALL END-USERS ARE CREATED EQUAL”
… let me say a few words about the process. Last week, the CFTC and SEC held a joint staff roundtable to discuss the …
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Florida Federal Court Imposes Sanctions of More Than $20 Million Against a South Florida Firm Cromwell Financial Services, Inc., and Five Area Residents in a Commodity Options Fraud and Failure to Supervise Case
… DC – The U.S. Commodity Futures Trading Commission (CFTC) and the New Hampshire Department of State, Bureau of … Cromwell Financial Services, Inc. (Cromwell), settling charges that they fraudulently solicited customers to … October 27, 2007, and stems from a complaint filed by the CFTC and New Hampshire on June 12, 2005 (see CFTC Press …
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Florida Federal Court Orders Defendant to Pay More than $2 Million in a Foreign Currency Fraud Scheme
… for the Middle District of Florida entered a judgment in a CFTC enforcement action against Allied Markets, LLC of … provisions of the Commodity Exchange Act (CEA) and CFTC regulations as charged.  The judgment against Allied … activity and violating provisions of the CEA and CFTC regulations as charged.  The orders against Allied …
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Opening Statement Chairman Timothy G. Massad before the Global Markets Advisory Committee Open Meeting
… and evolving market issues relevant to our work here at the CFTC. And, it is important for us to listen to a broad … have decided to postpone the imposition of higher capital charges on European banks participating in our markets. It … transparency and integrity. Our responsibilities at the CFTC in this regard are ongoing. Of course, the fact that a …
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Federal Court Sanctions Gerard Suite and STA Opus LLC for Commodity Pool Fraud and Frank Collins for Misappropriation of Customer Funds
… Washington, DC – The Commodity Futures Trading Commission (CFTC) obtained $1,127,855 in restitution for defrauded pool … STA Opus customers’ funds. The Court’s Orders stem from a CFTC Complaint filed on August 8, 2016 (see CFTC Press Release 7423-16 , August 9, 2016: CFTC Charges California Residents Frank J. Collins and Gerard …
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Federal Court Orders California-Based Precious Metals Company, CEO, Senior Salesperson to Pay Over $56 Million for Fraud in Connection with Precious Metals Sales
… further violations of the Commodity Exchange Act (CEA), CFTC regulations, and state law provisions, as charged, and imposes permanent trading bans in any CFTC-regulated markets as well as registration bans against … The order resolves the lawsuit filed on May 15, 2023 by the CFTC and its co-plaintiffs, the California Department of …
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Federal Court in Nebraska Imposes More than $10 Million in Sanctions against Michael B. Kratville, Jonathan W. Arrington, Elite Management Holdings Corp., and MJM Enterprises LLC for Commodity Pool Fraud
… DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that Chief Judge Laurie Smith Camp of … and MJM Enterprises LLC (MJM), all of Omaha, Nebraska, in a CFTC enforcement action charging the Defendants with … fraud in violation of the Commodity Exchange Act (CEA) and CFTC Regulations (see CFTC Press Release 6045-11 , May 26, …
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Statement of Support of Chairman Gary Gensler - Position Limits
… position limits for physical commodity derivatives. The CFTC does not set or regulate prices. The Commission is … options contracts and economically equivalent swaps. The CFTC finalized a rule in October 2011 that addressed … that markets do not become too concentrated. When the CFTC set position limits in the past, it sought to ensure …
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Federal Court Orders Affiliate Marketer to Pay More Than $13.8 Million for Binary Options Fraud
… violates the Commodity Exchange Act, registering with the CFTC, and trading in any CFTC-regulated markets. The order resolves a CFTC enforcement case filed on October 7, 2019, which …
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Federal Court in Michigan Enters Judgment against Jerry Stauffer for Commodity Pool Fraud
… Washington, DC – The Commodity Futures Trading Commission (CFTC) today announced that Judge Paul L. Maloney of the U.S. … a personal trading ban (Supplemental Order), which resolve charges against Defendant Jerry Stauffer , who resided in … scheme. The February 13, 2018 Consent Order stems from a CFTC Enforcement Complaint filed on February 25, 2015 (see …
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