Search Results for: commodity
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 ...
Alert! Beware of companies offering financial services without the required license
December 14th, 2018
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), China (Financial Supervisory Commission Chinese Taipei – FSC), Holland (Netherlands Authority for the Financial Markets – AFM), Sweden (Finansinspektionen), ...
Some forecasters remain positive on oil prices and demand going into 2019
December 12th, 2018
Despite dramatic slides in the oil market, some forecasters remain positive on prices and demand going into 2019. A year ahead outlook report from Bank of America Merrill Lynch expects Brent crude to regain its recent losses in 2019 ...
Why China should remove all trade tariffs
December 10th, 2018
I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to ...
Oil prices jumped by more than 5 percent on Monday
December 3rd, 2018
Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is ...
Beware of unauthorised companies and websites offering investment services
November 29th, 2018
Financial Regulators around the world issued warnings for companies and websites that are offering investment, financial and insurance services without the required authorisation. In accordance the warnings issued, the supervisory authorities of the United Kingdom (Financial Conduct Authority – ...
Oil bounced by around $1 a barrel; Investors remained on edge
November 21st, 2018
Oil bounced by around $1 a barrel on Wednesday to claw back some of the previous day’s 6 percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories and record Indian crude imports. But ...
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 ...
Former managing director of Deutsche Bank Securities Inc. charged for fraud
November 12th, 2018
The Commodity Futures Trading Commission (CFTC) announced today that it filed and settled charges against Jacob Bourne, a former managing director of Deutsche Bank Securities Inc., for fraudulently mismarking swap valuations to conceal significant trading losses. The CFTC Order ...
