The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against CNCGC Hong Kong Ltd. (CNCGC HK), an investment and trading company headquartered in Hong Kong, for failing to file required CFTC Form 304 Cotton On-Call Reports, reporting its call cotton purchases and sales when it held or controlled at…
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The U.S. Commodity Futures Trading Commission (CFTC) has announced that it has obtained a federal court Consent Order against Jon Corzine, former CEO of MF Global, requiring him to pay a $5 million civil monetary penalty for his role in MF Global’s unlawful use of customer funds totaling nearly one billion dollars, and for his…
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The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Virginia Kendall of the U.S. District Court for the Northern District of Illinois entered an Order of default judgment and permanent injunction against Defendants Alvin Guy Wilkinson of San Juan, Puerto Rico, and his entities, Chicago Index Partners, L.P. (CIP) and Wilkinson Financial Opportunity Fund,…
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The U.S. Commodity Futures Trading Commission (CFTC) obtained a Consent Order against Defendants IB Capital FX, LLC and its principals Michel Geurkink, and Emad Echadi, requiring them to pay, jointly and severally, $35 million in restitution to defrauded customers and a $420,000 civil monetary penalty for soliciting and accepting at least $50 million from approximately 1,850…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against SG Americas Securities, LLC, as successor to Newedge USA, LLC (Newedge), a financial services firm registered with the CFTC as a Futures Commission Merchant for participating in unlawful wash trades and for failing to diligently supervise over a…
Read moreThe U.S. Commodity Futures Trading Commission today issued an Order filing and simultaneously settling charges against Advanced Trading Workshop, Inc. (ATW) of Jamesville, New York, for fraudulently soliciting clients and prospective clients to purchase access to an online trading room and failing to register with the CFTC as a Commodity Trading Advisor (CTA) as required.…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against units of St. Petersburg, Russia based banking giant VTB - JSC VTB Bank (VTB) and VTB Capital PLC - for executing fictitious and noncompetitive block trades in Russian Ruble/U.S. Dollar (RUB/USD) futures contracts, which were cleared through the Chicago…
Read moreParker and QuantX misappropriated at least $341,500 of customer funds for business and personal expenses.
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Barclays Bank PLC, a unit of Barclays PLC (LON:BARC), for failing to submit accurate large trader reports (LTRs) for physical commodity swap positions, in violation of Section 4s(f) of the Commodity Exchange Act (CEA) and CFTC Regulations 20.4,…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the Eastern District of Wisconsin entered an Order of Default Judgment and Permanent Injunction against Defendants Ryan Magee, his father David Magee, and Ryan’s wife Dalyne Rae Magee, all of Calgary, Alberta, Canada, in connection with a commodity pool fraud…
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