Search Results for: Commodity Futures Trading Commission
Oil prices lower after strong third quarter
October 2nd, 2017
Oil prices fell on Monday, pausing for breath after posting gains of as much as 20 percent in the third quarter, after a survey pointed to a slight increase in OPEC production in September. U.S. crude was down 13 ...
Citibank and Citigroup Global Markets Limited to pay hundreds of thousands dollars penalty
September 26th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Citibank, N.A. (CBNA) and Citigroup Global Markets Limited (CGML) (collectively, Citi), for failing to report Legal Entity Identifier (LEI) information for swap transactions properly ...
Merrill Lynch to pay millions for supervision failures
September 25th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Merrill, Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch), a registered Futures Commission Merchant, for failing to supervise its employees’ and agents’ handling ...
Company and individual charged for fraud in Bitcoin investments scheme
September 22nd, 2017
The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a federal civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Nicholas Gelfman, of Brooklyn, New York, and Gelfman Blueprint, ...
Oil markets were firm on Monday and remained near multi-month highs reached late last week
September 18th, 2017
Oil markets were firm on Monday and remained near multi-month highs reached late last week as the number of U.S. rigs drilling for new production fell and refineries continued to start up after getting knocked out by Hurricane Harvey. ...
Ikon Global Markets ordered to Pay $200,000
September 4th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Ikon Global Markets, Inc. (Ikon) for failing to keep and promptly produce documentation for thousands of gold Exchange for Physical (EFP) trades, in ...
Individuals and their companies ordered to pay millions in restitution for defrauding investors
August 21st, 2017
Federal Court Orders Jeffrey Slemmer, Christian Dorrian, Adam Roth, and Their Florida-Based Companies to Pay over $5.4 Million in Restitution and a Penalty in CFTC Precious Metals and Diamonds Anti-Fraud Action Slemmer Enterprises, Dorrian Enterprises and Roth Investment Group ...
Trader ordered to pay hundreds of thousands dollars in “spoofing” incidents
August 2nd, 2017
CFTC Orders New York Trader Simon Posen to Pay a $635,000 Civil Monetary Penalty and Permanently Bans Him from Trading in CFTC-Regulated Markets for Spoofing in the Gold, Silver, Copper, and Crude Oil Futures Markets Order Finds that Posen ...
Hedge funds’ preference for grains over softs ‘has gone far enough’
July 26th, 2017
Hedge funds’ preference for grains over soft commodities – at its strongest since 2012 – may have gone far enough, with commentators foreseeing cause for buying in the likes of cocoa and coffee, but selling in corn and wheat. ...
CFTC Grants DCO Registration to LedgerX LLC
July 26th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) announced that by a unanimous vote of the Commission, it has issued an order granting LedgerX, LLC (LedgerX) registration as a derivatives clearing organization under the Commodity Exchange Act (CEA). Under the order, ...
