CFTC complaint results in one of the largest fines ever handed out to individuals in the US for currency trading fraud.
Read moreStephen Craig Symons and James David Kline personally liable for almost $8 million Californian fraudsters which engaged in a massive fraud scheme have been brought to justice after more than a year and a half of legal battles. The US Commodity Futures Trading Commission has filed its complaint against CTI Group, Cooper Trading, Stephen Craig…
Read moreLibor misconduct fines keep on pouring a full year after the scandal has shaken the financial industry. The Dutch bank Rabobank has settled for $475 mln with the US's CFTC, £105 million will be paid to the UK's FCA, whilst the rest of the billion dollar hit to the bank's balance sheet will be paid…
Read moreLesson learned? Right or wrong, don't (overly) fight your regulator. In normal times, a $100 million fine levied against a respected, regulated, licensed broker would make headlines. Big headlines. But today's announcement that the CFTC, with its staff now back at work after the US Government shutdown, has fined JP Morgan (NYSE:JPM) $100 million over…
Read moreICAP's fine is one of the largest civil monetary penalties ever doled out by either financial regulator. Breaking news,,, The CFTC has announced it has ordered ICAP Europe to pay a $65 million fine related to the manipulation of the Yen Libor rate over a four year period. ICAP was similarly assessed a £14 million (approximately $22.4…
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