Tag: Commodity Futures Trading Commission

warning
January 24, 2018 BY Valentina Kirilova

CFTC charges My Big Coin with fraud in ongoing virtual currency scam

Defendants allegedly solicited more than $6 million for investments in a virtual currency known as “My Big Coin” The Commodity Futures Trading Commission (CFTC) today announced the filing of a federal court enforcement action under seal on January 16, 2018, charging commodity fraud and misappropriation related to the ongoing solicitation of customers for a virtual…

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warning
January 22, 2018 BY Valentina Kirilova

CFTC charges Entrepreneurs Headquarters Ltd with engaging in a Bitcoin and Binary Options fraud scheme

The Commodity Futures Trading Commission (CFTC) informed that on January 18, 2018 filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Dillon Michael Dean of Longmont, Colorado, and his company The Entrepreneurs Headquarters Limited, a UK-registered company. The CFTC Complaint charges the Defendants with engaging…

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CFTC offices
January 18, 2018 BY Valentina Kirilova

CFTC Chairman Giancarlo names Maggie Sklar Senior Counsel

Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo announced today that Maggie Sklar will serve as his Senior Counsel. Prior to joining Chairman Giancarlo’s office, Sklar served as an Associate Director in the Office of International Affairs (OIA), where she oversaw the CFTC’s engagement with the Board of the International Organization of Securities Commissions…

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CFTC offices
January 15, 2018 BY Valentina Kirilova

CFTC charges Blue Guru Trading LLC with commodity pool fraud

The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action on January 12, 2018, in the U.S. District Court for the Northern District of Illinois, charging Defendants Richard D. Carter of Mundelein, Illinois, Mark R. Slobodnik of Libertyville, Illinois, and their company Blue Guru Trading, LLC (Blue Guru), a Delaware limited…

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January 12, 2018 BY Valentina Kirilova

NFA to require per-trade disclosures on Forex transactions

The Commodity Futures Trading Commission (CFTC) has recently approved NFA's amendments to NFA Compliance Rules 2-36 and 2-43. The amendments apply to forex dealer members (FDM) and will be effective on April 5, 2018. Required disclosures to be made on a per-trade basis The amendments to NFA Compliance Rule 2-36 provide retail forex customers with…

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SFC fines
December 21, 2017 BY Valentina Kirilova

Mintco LLC to pay $340,000 for engaging in illegal off-exchange precious metals transactions

The Commodity Futures Trading Commission (CFTC) announced that it has obtained three related Consent Orders of Permanent Injunction against Defendants Mintco LLC of Delray Beach, Florida, and its owners Stuart Rubin of Fort Lauderdale, Florida, and Richard Q. Zimmerman of Wellington Florida, finding that all Defendants engaged in illegal off-exchange precious metals transactions and further…

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Banco Original chooses FICO to launch 100% digital platform
December 18, 2017 BY Valentina Kirilova

CFTC launches virtual currency resource Web page

More news coming from the CFTC today, as the Commission announced that it has launched a virtual currency resource Web page, cftc.gov/bitcoin. This dedicated page is a central repository for Commission-produced resources about virtual currency, and is designed to educate and inform the public about these commodities, including the possible risks associated with investing or speculating in…

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CFTC offices
December 08, 2017 BY Valentina Kirilova

CFTC releases Rule Enforcement Review of CBOT, CME, COMEX, and NYMEX

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) has issued the results of a rule enforcement review that recommends the exchanges reviewed make certain improvements as noted below. The Division reviewed the Chicago Board of Trade (CBOT), the Chicago Mercantile Exchange (CME), the Commodity Exchange, Inc. (COMEX), and the New York Mercantile…

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