Search Results for: Commodity Exchange Act
Interdealer Brokers ordered to Pay $25 million for fraud in FX options markets
October 3rd, 2019
The U.S. Commodity Futures Trading Commission announced that it issued orders filing and settling charges against two interdealer brokers: BGC Financial, LP and GFI Securities, LLC. The orders find that brokers employed by BGC and GFI on their respective ...
Interdealer Broker ordered to Pay $13 million
September 17th, 2019
The U.S. Commodity Futures Trading Commission (CFTC) issued two orders filing and settling charges against Tullett Prebon Americas Inc., an interdealer broker and CFTC-registered introducing broker headquartered in New Jersey. The combined orders require Tullett to pay a total of $13 ...
Alert! Individuals and entities charged with fraud in Binary Options trading scheme
September 3rd, 2019
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois charging five entities and four individuals with fraud relating to a global retail binary options enterprise ...
Beware of social media-based Forex fraud scheme
July 25th, 2019
Defendant to pay more than $2.9 Million in social media-based Forex fraud scheme. The Commodity Futures Trading Commission (CFTC) announced that U.S. District Court for the Southern District of Texas entered judgment against defendant Kelvin Ramirez of Houston, Texas ...
Binary Options trading firm and its principals charged with $4.8 million fraud scheme
May 9th, 2019
The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform about the filing of a civil enforcement action (Complaint) against William Thomas Caniff of Steubenville, Ohio, Arie Bos, of Rotterdam in the Netherlands, their company, Berkley Capital ...
Forex trading scheme charged in $75 Million fraud
April 25th, 2019
The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in federal court in Florida against Sarasota area defendants Oasis International Group, Limited (OIG), Oasis Management, LLC (OM), Satellite Holdings Company (Satellite), Michael J. DaCorta (DaCorta), Joseph S. ...
Former precious metals trader for UBS AG fined
February 8th, 2019
The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform that Judge Vanessa Bryant of the U.S. District Court for the District of Connecticut issued a Final Judgment and Consent Order on February 5, 2019, against Andre ...
Forex trading firm ordered to pay millions for fraudulent Forex pool scheme
December 27th, 2018
The Commodity Futures Trading Commission (CFTC) announced that on December 7, a federal court ordered New York firm Wright Time Capital Group LLC (d/b/a Global FX Club) (WTCG) to pay more than $1.48 million in civil monetary penalties and ...
Company and individual charged for $170 Million Ponzi Scheme
November 19th, 2018
The Commodity Futures Trading Commission (CFTC) and the Utah Department of Commerce, Division of Securities, through its Attorney General, jointly filed a civil enforcement action in the U.S. District Court for the District of Utah, Central Division, against Defendants ...
Former virtual currency trader fined over a million for Bitcoin and Litecoin fraud
November 12th, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against Joseph Kim (Kim), of Phoenix, Arizona, requiring Kim to pay more than $1.1 million for a fraudulent Bitcoin and Litecoin scheme. In the order, Kim ...
