Displaying results 2381 - 2390 of 2823
Federal Court Orders Texas-based RFF GP, LLC, KGW Capital Management, LLC, and Kevin G. White to Pay over $7.5 Million for Operating a Fraudulent Commodity Pool
… DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Richard A. Schell of the … and registration bans against them. The Order stems from a CFTC Complaint filed on July 9, 2013 (see CFTC Press Release 6644-13 , July 12, 2013), charging the …
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Opening Statement, Public Meeting on First Series of Proposed Rules Under Dodd-Frank Act
… implementing it in 360 days. For an agency the size of the CFTC, with very limited fiscal and human resources at its … the leadership of Chairman Gensler, almost a third of the CFTC staff has been working in thirty areas to develop the … growth due in no small part to the nimbleness of the CFTC. To the extent possible, I will ask that staff continue …
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Federal Court Orders New York Man to Pay Over $800,000 for Commodity Pool Fraud
… Kevin Kang , of Queens, New York.  The order resolves the CFTC’s claims against Kevin Kang in the CFTC action filed against him, Sungmi Kang, John Won, Safety … doing business as ForexnPower, on September 25, 2015. [See CFTC Press Release No.  7245-15 ] The complaint alleged, …
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Remarks on Hearing to Examine Trading on Regulated Exchanges and Exempt Commercial Markets
… the energy derivatives markets beyond key elements of the CFTC’s jurisdiction. We have to consider today whether this …
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U.S. District Court for the District of Oregon Enters Final Order against Mastermind of Multimillion Dollar Fraudulent Foreign Currency (Forex) Scam
… D.C.— The U.S. Commodity Futures Trading Commission (CFTC) announced today that the Honorable Garr King of the … from a cooperative enforcement effort conducted by the CFTC, the Oregon Department of Consumer and Business … Department of Justice. Cline and others were sued by the CFTC and the State of Oregon on May 7, 2003, for engaging in …
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California Resident Jinsup Choi Ordered to Pay More than $10 Million in Restitution and a $1 Million Monetary Penalty for Defrauding Investors in a “Ponzi” Scheme Involving Commodity Futures Contracts
… follows the August 27, 2008, filing of a complaint by the CFTC, in conjunction with the Commissioner of Corporations … and a home, among other personal items and services. The CFTC’s action relates to the criminal action U.S. v. Jinsup … wires in interstate commerce to carry out the scheme. The CFTC appreciates the assistance of the United States …
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Defendants in Fraud Action Brought by the U.S. Commodity Futures Trading Commission Ordered to Pay More than $14 Million in Civil Penalties and Disgorgement
… D.C. — The U.S. Commodity Futures Trading Commission (CFTC) announced today that on April 27, 2007, Judge … million. The orders stem from a complaint filed by the CFTC on April 12, 2005, which charged that, between April …
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Statement on Regulation of Credit Default Swaps
… jurisdiction to oversee risk management transactions is the CFTC, not the SEC.  These two agencies regulate completely … completely different sets of laws and regulations.  The CFTC, as the expert agency in this area, has the experience … in some form or fashion, the logical regulator is the CFTC. Legislation to bring about precisely this kind of …
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Federal Court Orders Florida Man to Pay More than $500,000 for Attempting to Fraudulently Profit From COVID-19
… the Western District of Texas entered an order granting the CFTC’s motion for default judgment against defendant James … Florida. The order finds that Walsh failed to answer the CFTC’s complaint charging him with fraud and failure to register with the CFTC. Walsh’s fraudulent solicitations include falsely …
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2020-07860
… SUMMARY: The Commodity Futures Trading Commission (CFTC or Commission) is seeking public comment on topics and … online by going to the following website: https://www.cftc.gov/MRACclimate . If you are unable to submit comments … Rostin Behnam at (202) 418-6026 or email: MRAC_Submissions@cftc.gov . SUPPLEMENTARY INFORMATION: The Subcommittee was …
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