Search Results for: Commodity Futures Trading Commission
Hedge funds are betting big against sterling
September 25th, 2018
Hedge funds are betting big against sterling, the most since May last year. And following last week’s Brexit debacle in Salzburg, that bet will probably be even bigger now, closing in on the largest on record. Funds and speculators ...
ICAP Capital Markets LLC ordered to Pay $50 Million penalty
September 19th, 2018
The Commodity Futures Trading Commission (CFTC or Commission) issued an Order filing and settling charges against ICAP Capital Markets LLC (ICAP), now known as Intercapital Capital Markets LLC (ICAP), for, by and through certain of its brokers, aiding and ...
Early Forex Review: Euro, sterling rise on hopes for Brexit deal
September 11th, 2018
The euro and sterling rose against the dollar on Monday after the European Union’s top negotiator said an agreement for Britain to leave the economic bloc might be reached in the coming weeks. The pound in particular had been ...
BNP Paribas ordered to pay $90 Million penalty; The reason?
August 31st, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against BNP Paribas Securities Corp. (BNP Paribas or the Bank) for attempted manipulation of the ISDAFIX benchmark and requiring BNP Paribas to pay a $90 million ...
Forex trader and firm charged with fraud and registration violations
August 31st, 2018
The Commodity Futures Trading Commission (CFTC) filed a federal court enforcement action in the U.S. District Court for the Southern District of New York against Jason Amada of New York, New York, and Amada Capital Management LLC (ACM), a ...
Individual and a Company fined in virtual currencies fraud
August 27th, 2018
A New York federal court entered final judgment ordering Patrick K. McDonnell of Staten Island, New York, and CabbageTech, Corp. d/b/a Coin Drop Markets (CDM), McDonnell’s New York-based company, to pay over $1.1 million in civil monetary penalties and ...
Forex dealer sued for Registration and Disclosure violations
August 1st, 2018
The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the District of Utah against JAFX, Ltd. (JAFX), a/k/a JAFX, EOOD, of Sofia, Bulgaria and Kingstown, St. Vincent and the Grenadines. The ...
Virtual currencies spark real concern about national security threat
July 31st, 2018
U.S. government officials are increasingly worried about the potential national security threat posed by the rise of cryptocurrencies. In the past week, the Department of Justice, congressional lawmakers and even Federal Reserve Chairman Jerome Powell have voiced concern about ...
CFTC announced $1.9 Million penalty for Bitcoin and Binary options fraud scheme
July 25th, 2018
On July 9, 2018, a New York federal court ordered Dillon Michael Dean (Dean) of Longmont, Colorado, and The Entrepreneurs Headquarters Limited (TEH), Dean’s UK-registered company, to pay over $1.9 million in civil monetary penalties and restitution in connection ...
CFTC warns people when purchasing virtual currencies
July 17th, 2018
The Commodity Futures Trading Commission (CFTC) issued a Customer Advisory warning customers to use caution and do extensive research before purchasing virtual coins or tokens, including those that are self-described as “utility coins,” or “consumption coins.” This is the ...
