Displaying results 2351 - 2360 of 2823
6 Steps to Take after Discovering Fraud
… arise with an individual or firm registered with the CFTC, customers can seek help through the CFTC Reparations Program or NFA arbitration process . The … at identitytheft.gov . Two Ways to Submit a Complaint to CFTC You can submit violations of the Commodity Exchange Act …
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Federal Court in Illinois Orders Yumin Li and BVI-Based Company Kering Capital Ltd to Pay More than $1.2 Million in a Penalty and Restitution for Prearranged Trading Fraud
… DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that on December 9, 2016, the … the Commodity Exchange Act. The Court’s Order stems from a CFTC Complaint filed on July 1, 2015, that charged Li and … employer’s trading account to Kering’s trading account (see CFTC Complaint and Release No.  7193-15 , July 6, 2015). In …
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Federal Court in Illinois Orders Approximately $500 Million in Sanctions against Defendant Nikolai S. Battoo and His Three Companies for Committing a Global Commodity Futures and Options Fraud
… DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Edmond E. Chang of the U.S. … them from violating the Commodity Exchange Act and CFTC Regulations. The Order, entered January 11, 2016, stems from a CFTC complaint filed on September 6, 2012 (see CFTC Press …
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Federal Court Imposes More than $41.2 Million in Relief and Sanctions against Idaho-based Daren L. Palmer and His Company, Trigon Group LLC, in Commodity Pool Ponzi Scheme
… DC -- The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained more than $41.2 … Trigon Group LLC (Trigon), both of Idaho Falls, Idaho. The CFTC charged the defendants on February 27, 2009, with … in operating a commodity pool Ponzi scheme (see CFTC Press Release 5623-09, February 27, 2009). The summary …
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Statement of Commissioner Christy Goldsmith Romero on the Importance of Retail Customer Protections and Anti-Money Laundering in Precious Metals Markets and Foreign Currency (Forex) Markets
… In my 18-month tenure at the CFTC, I have seen too many retail customers become victims … (forex) markets.   In order to protect customers, the CFTC should do all that it can to bring justice and … vote to concur. Requiring defendant admissions in CFTC enforcement cases serves the public interest goals of …
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Federal Court Orders Nicholas A. Guarino, Jr. and Wall Street Underground, Inc. to Pay Over $2 Million to Defrauded Customers and to Pay a $7 Million Fine for Fraudulently Promoting Commodity Trading Systems
… The United States Commodity Futures Trading Commission (CFTC) announced today that on July 11, 2006 the Honorable … federal commodities laws. The court’s order stems from the CFTC’s April 22, 2003, complaint in CFTC v. Wall Street Underground, Inc., et al. , Civil Action …
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Federal Court Orders Royal Bank of Canada to Pay $35 Million Penalty for Illegal Wash Sales, Fictitious Sales, and Noncompetitive Transactions
… DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that on December18, 2014, Judge Alvin … prohibitions of the Commodity Exchange Act and the CFTC’s Regulations, and requires RBC to pay a civil monetary penalty of $35 million. CFTC Director of Enforcement Aitan Goelman stated: “Illegal …
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Federal Court Orders North Carolina Resident James Harvey Mason to Pay a Civil Penalty and Restitution Totaling $5.5 Million for Commodity Pool Fraud
… DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge C. Graham Mullen of the … bans on him. Mason has never been registered with the CFTC in any capacity. The Court Order arises out of the CFTC enforcement Complaint filed on March 27, 2013 (see CFTC …
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Alan James Watson, Cash Flow Financial LLC, and Michael S. Potts Ordered to Pay More than $91.9 Million in Final Disposition of Commodity Pool Ponzi Scheme Case
… DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Mark A. Goldsmith of the … foreign currency exchange (forex). The Orders stem from a CFTC Complaint filed on March 10, 2011, which charged … the majority of pool participants’ funds (see CFTC Press Release 6002-11 ). According to the Complaint, …
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Federal Court in Texas Orders Jeremiah C. Yancy and His Company to Pay More than $2 Million for Foreign Currency Ponzi Scheme and Misappropriation
… DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court … a.k.a . Longbranch LLC) (Longbranch) of Houston, Texas. The CFTC charged Yancy and Longbranch with operating a million … Ponzi scheme and misappropriating customer funds (see CFTC Press Release 5875-10, August 19, 2010). The consent …
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