Search Results for: CFTC
Hedge funds resume selling in ags, led by corn, cotton, hogs
August 22nd, 2016
Hedge funds returned to a bearish bias on ags – although not by much, as improved sentiment towards cocoa and wheat prices offset some of the impact of data-fuelled sales in corn and cotton. Managed money, a proxy for ...
Disbarred lawyer and his law firm have been ordered to pay penalty for a Money Pass Scheme
August 4th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Milton I. Shadur of the U.S. District Court for the Northern District of Illinois entered an Order of Default Final Judgment (Order) against John D. Briner, a disbarred Canadian ...
QuantX and its owner ordered to pay more than $1 Million for Forex Fraud
August 4th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today entered an Order requiring Jonathan A. Parker and QuantX Capital, LLC (QuantX), both of Marietta, Georgia, jointly and severally to pay a $680,000 civil monetary penalty and restitution totaling $341,500 and imposing permanent trading and ...
Bitcoin experts are having a spat on whether it’s a currency or a commodity
August 2nd, 2016
Bitcoin experts have weighed into a debate regarding the legal status of the cryptocurrency following a ruling by a Florida judge last week. Florida judge Teresa Pooler dismissed felony charges including money laundering against Michell Espinoza, who had sold ...
Precious Metals Slide on Stronger Dollar Before Fed as Yen Drops
July 25th, 2016
Ringgit falls sixth day to lead Asian currency declines Turkish stocks climb after steepest weekly drop since 2008 The dollar’s strength weighed on precious metals as investors looked toward central bank meetings this week in the U.S. and Japan. European ...
$175 Million Penalty for Citibank
May 26th, 2016
CFTC Orders Citibank, N.A. and Japanese Affiliates to Pay $175 Million Penalty for Attempted Manipulation of Yen LIBOR and Euroyen TIBOR, and False Reporting of Euroyen TIBOR and U.S. Dollar LIBOR Citibank, N.A. Has Been Subject to Three CFTC ...
ECommPay: Regulations of FOREX industry
May 18th, 2016
Forex (FX) regulation is crucial to both security and mutual trust between traders and operators. Companies operating from jurisdictions lacking in regulatory supervision are able to do so in an unfair and illegal manner without facing serious repercussions. Moreover, ...
Oil Rises as Canadian Fires Spread, Saudi Oil Minister Replaced
May 9th, 2016
Canada wildfires cut oil-sands production by about 40%: IHS Ali al-Naimi succeeded by Al-Falih, head of state oil company Crude rose as expanding wildfires in Canada knocked out about 1 million barrels a day of output, and after Saudi Arabia ...
CME Group to Close New York Trading Floor at Year-End
April 14th, 2016
As declining open outcry options volume on CME Group’s New York trading floor now represents just 0.3 percent of the company’s overall energy and metals trading volumes, CME Group will close its New York trading floor at year-end, subject to CFTC review. All ...
Barclays Warns Commodities May Slump on a `Rush for the Exits’
March 29th, 2016
Oil may drop to low $30s a barrel in selloff, Norrish writes Raw materials `vulnerable to a wave of investor liquidation’ Commodities including oil and copper are at risk of steep declines as recent advances aren’t fully grounded in ...
