Displaying results 2311 - 2320 of 2823
Michigan Couple Ordered to Pay More Than $3.1 in Sanctions for “Private Hedge Fund” Fraud
… DC – The U.S. Commodity Futures Trading Commission (CFTC) announced today that a federal court judge in Michigan … Court for the Western District of Michigan, resolves CFTC charges against the Klotzs based on their orchestration …
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Federal Court Imposes $1.4 Million Civil Penalty against David A. Owen
… DC - The US Commodity Futures Trading Commission (CFTC) today announced that it obtained a $1.4 million civil … on registered entities. The order, which arises out of the CFTC complaint filed on October 30, 2009 (see CFTC Press Release 5748-09, November 10, 2009), finds that …
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Concurring Statement of Commissioner Christy Goldsmith Romero in the Classic Energy Natural Gas Insider Trading Case
… referred to as the Classic Energy cases.  The follow-on CFTC civil case is against co-conspirator, and former … Admit Wrongdoing I recently issued a statement opposing the CFTC’s routine practice of settling cases without requiring … prosecution.  Requiring defendant admissions in the CFTC’s civil enforcement cases serves the critical public …
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Federal District Court Orders North Carolina Resident John Poole to Pay Civil Monetary Penalty for Fraudulently Promoting Commodity Trading System
… D.C.— The U.S. Commodity Futures Trading Commission (CFTC) announced today that the Honorable William L. Osteen, … a civil monetary penalty of $240,000. The order resolves charges against Poole arising from the CFTC's complaint in CFTC v. John Poole a/k/a James Drew, …
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Utah Resident Darren L. Shanks and His Firm, Forex Auto Profits, LLC, Ordered to Pay More than $2.9 Million in Fines and Restitution for Fraud and Misappropriation in Foreign Currency Scheme
… DC - The U.S. Commodity Futures Trading Commission (CFTC) today filed and simultaneously settled charges against Forex Auto Profits, LLC (FAP) and its … with operating a foreign currency (forex) scheme. The CFTC order requires FAP and Shanks to pay civil monetary …
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Statement of Chairman Gary Gensler on Fiscal Year 2014 Budget Submission
… a reality, the Commodity Futures Trading Commission (CFTC) needs the resources to match the responsibilities … the agency with in overseeing this vast marketplace. The CFTC has a significantly expanded mission and scope. The CFTC’s hardworking staff is just 7 percent more than we were …
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Texas Federal Court Orders Patrick Dailey and Strongbow Investments GP, LLC, to Pay More than $2.8 Million in Restitution and Civil Monetary Penalties in Connection with Multi-Million Dollar Commodity Pool Fraud
… DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained more than $2.8 … activity, including trading and registering with the CFTC. The consent order, entered on December 8, 2010, by the … Court for the Western District of Texas, stems from a CFTC complaint filed on June 30, 2009, charging Dailey and …
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Testimony before the United States Senate Subcommittee on Financial Services and General Government Committee on Appropriations
… capacity. I come before you today having only served as CFTC Chairman for six calendar days, but with the full … people and keep our economy strong. As Chairman of the CFTC, I will use every tool and authority available to … for the $146 million recently appropriated for the CFTC for the 2009 Fiscal Year and special thanks to Chairman …
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External Meetings: Conference Call with Community and Regional Banks
… the commenters asserted that Congress did not limit the CFTC to a $10 billion asset test.  Instead, they advocated … swaps in the United States.  It was suggested that the CFTC should raise the asset level and add other additional …
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Commodity Pool Fraud
… or believe you have been defrauded, please let the CFTC know quickly. Call the CFTC or visit the File a Tip or Complaint page. …
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