Search Results for: Federal Trade Commission
Former banker sentenced to two years imprisonment for insider trading
June 28th, 2016
Former banker, 30-year-old Oliver Curtis was today sentenced to two years imprisonment after being found guilty by a Supreme Court jury earlier this month of conspiring to commit insider trading with his former best friend, John Hartman. The Court ...
Four companies and eight individuals charged for a $80 million Oil and Gas fraud
June 27th, 2016
The Securities and Exchange Commission today charged four companies and eight individuals in an $80 million oil and gas fraud orchestrated by a Dallas man who calls himself the “Frack Master” for his purported expertise in hydraulic fracturing. The ...
Hedge Fund Managers and Former Government Official Charged in $32 Million Insider Trading Scheme
June 16th, 2016
The Securities and Exchange Commission today announced insider trading charges against two hedge fund managers and their source, a former government official accused of deceptively obtaining confidential information from the U.S. Food and Drug Administration (FDA). A third hedge ...
CFTC Orders Bitcoin Exchange Bitfinex to Pay $75,000
June 3rd, 2016
CFTC Orders Bitcoin Exchange Bitfinex to Pay $75,000 for Offering Illegal Off-Exchange Financed Retail Commodity Transactions and Failing to Register as a Futures Commission Merchant The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously ...
$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 ...
Seven big banks settle U.S. rate-rigging lawsuit for $324 million
May 4th, 2016
Seven of the world’s biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market. The settlement made public on Tuesday, ...
Broker sentenced to prison after defrauding investors
April 14th, 2016
Broker Michael Donnelly sentenced to prison after defrauding elderly, SEC says He provided fake information about their investment holdings to hide his scheme A federal court in Philadelphia has sentenced broker Michael Donnelly to 99 months in prison for ...
CFTC Charges Two Binary Options Firms with Fraud, Illegal Off-Exchange Activity, and Operating in an Unregistered Capacity
March 16th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal district court has unsealed a civil Complaint that the CFTC filed with the Northern District of Illinois on February 2, 2016, against two foreign web-based binary options ...
CFTC: Banc de Binary Ltd and ET Binary Options Ltd are among Binary Options Firms ordered to pay $9 Million penalty
March 10th, 2016
Federal Court Orders Banc de Binary Ltd., ET Binary Options Ltd., BO Systems Ltd., BDB Services Ltd., and Oren Shabat Laurent to Pay More than $9 Million in Restitution and a Civil Monetary Penalty for Violating the CFTC’s Ban ...
ASIC sues ANZ for interest rate fixing
March 4th, 2016
ASIC has today commenced legal proceedings in the Federal Court in Melbourne against the Australia and New Zealand Banking Group Limited (ANZ) for unconscionable conduct and market manipulation in relation to the ANZ’s involvement in setting the bank bill ...
