Search Results for: Commodity Futures Trading Commission
Federal Court Enters Judgment against Ron Earl McCullough and David Christopher Mayhew in Foreign Currency Ponzi Scheme
August 31st, 2015
The U.S. Commodity Futures Trading Commission (CFTC) announced that Senior Judge James C. Fox of the U.S. District Court for the Eastern District of North Carolina entered a default judgment Order against Defendants Ron Earl McCullough and David Christopher Mayhew, both from ...
U.S. banks moved billions in trades beyond CFTC’s reach
August 24th, 2015
This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished. “We saw strange things in the data,” said Chris ...
CFTC Issues Proposed Amendments to Swap Data Recordkeeping and Reporting Requirements for Cleared Swaps
August 21st, 2015
What is Swap? A currency swap is the simultaneous sale and purchase of the same amount of a given currency at a forward exchange rate. Find More Glossary Terms for Trading under Trading Education The U.S. Commodity Futures Trading ...
CFTC Orders Swap Dealer to Pay $200,000
August 20th, 2015
CFTC Orders Swap Dealer INTL FCStone Markets, LLC to Pay a $200,000 Civil Monetary Penalty for Failure to Supervise Swaps Trading in Violation of CFTC Regulation 23.602 The U.S. Commodity Futures Trading Commission (CFTC) filed and simultaneously settled charges ...
CFTC Charges New York Resident Gary Creagh and his Company
August 10th, 2015
CFTC Charges New York Resident Gary Creagh and his Company, Wall Street Pirate Management, LLC, with Making False Statements to the National Futures Association The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of an enforcement action charging ...
CFTC Orders Morgan Stanley & Co. LLC to Pay a $300,000 Civil Monetary Penalty
August 7th, 2015
CFTC Orders Morgan Stanley & Co. LLC to Pay a $300,000 Civil Monetary Penalty for Violations of Customer Protection Rule for Cleared Swaps and Related Supervision Failures Order Finds that the Firm Failed to Maintain Sufficient U.S. Dollars in ...
New York Federal Court Orders New York Financial Advisor Wayne P. Weddington III and His Companies to Pay More than $1 Million
August 6th, 2015
The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Colleen McMahon of the U.S. District Court for the Southern District of New York entered a Consent Order of permanent injunction against Defendants Wayne P. Weddington III of New York, New ...
CFTC charges individual and two corporations for Forex fraud scheme
August 4th, 2015
The U.S. Commodity Futures Trading Commission (CFTC) today announced the unsealing of a civil enforcement action filed in the U.S. District Court for the Middle District of Alabama, charging Husam Tayeh of Oak Lawn, Illinois; Dinar Corp., Inc. (DCI), a Nevada corporation; and My ...
$76 Million penalties for Forex Ponzi Scheme
August 3rd, 2015
In Related Criminal Actions, Simmons Sentenced to 40 Years’ and Salazar Sentenced to 4.5 Years’ Incarceration and Ordered to Pay in Total $40 Million in Criminal Restitution Both Simmons and Salazar Currently are Serving Their Prison Sentences The U.S. ...
Investors Flee Commodities
July 21st, 2015
The prices of raw materials from oil and gold to copper, cotton and sugar tumbled, underscoring an increasing aversion to commodity investments as the Federal Reserve prepares to raise interest rates for the first time in nearly a decade. ...
