Tag: U.S Commodity Futures Trading Commission

Principal of binary options trading firm fined $200,000 for illegal off-exchange trading
July 30, 2019 BY Valentina Kirilova

Principal of binary options trading firm fined $200,000 for illegal off-exchange trading

The U.S. Commodity Futures Trading Commission (CFTC) has informed the public yesterday that it has required Curtis Dalton of Middleton, Massachusetts to pay $200,000 for offering illegal off-exchange retail commodity transactions to U.S. and overseas customers while failing to be registered by the CFTC as required. Dalton offered transactions, which consisted of binary options in…

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October 04, 2018 BY Valentina Kirilova

CFTC’s LabCFTC and ASIC’s Innovation Hub announce cooperation agreement

The U.S. Commodity Futures Trading Commission (CFTC) and the Australian Securities and Investments Commission (ASIC) have just informed that they have today signed an arrangement to cooperate and support innovation through each other’s financial technology (FinTech) initiatives – CFTC’s LabCFTC and ASIC’s Innovation Hub. The signing of this arrangement with ASIC advances our mutual interest…

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CFTC offices
September 21, 2017 BY Valentina Kirilova

CFTC appoints Matthew B. Kulkin as Director of the Division of Swap Dealer and Intermediary Oversight

U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo has announced the appointment of Matthew B. Kulkin to serve as Director of the CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO). Kulkin comes to the CFTC from the law firm Steptoe & Johnson LLP, where, as a partner, he advised financial market participants…

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CFTC offices
August 11, 2017 BY Valentina Kirilova

CFTC staff grants relief to market participants from certain position aggregation

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) has granted relief to market participants in complying with certain position aggregation requirements. This relief is being provided until August 12, 2019. Previous relief was set to expire on August 14, 2017. During the period of the time-limited no-action relief issued today, DMO…

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August 04, 2017 BY Valentina Kirilova

U.S. Senate unanimously confirms Giancarlo as Chairman of CFTC

The U.S. Senate has voted unanimously to confirm the nomination of J. Christopher Giancarlo as Chairman for the U.S. Commodity Futures Trading Commission. In addition, Brian D. Quintenz and Rostin Behnam were unanimously confirmed as Commissioners. Giancarlo has served as Acting Chairman since January. Giancarlo issued the following statement regarding his confirmation: I am humbled…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
May 04, 2017 BY Valentina Kirilova

CFTC charges Williams Advisory Group with receiving at least $13 million in commodity pool scheme

The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a civil enforcement action in the U.S. District Court for the District of Arizona against Cory Williams of Gilbert, Arizona, and his company, Williams Advisory Group (WAG) (collectively, Defendants), charging them with defrauding 40 investors out of at least $13 million in connection…

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SFC fines
May 03, 2017 BY Valentina Kirilova

CFTC charges Pennsylvania resident with fraudulently soliciting commodity futures customers

The U.S. Commodity Futures Trading Commission (CFTC) filed an enforcement action in the U.S. District Court, Northern District of Illinois, charging Defendant, William H. Powderly IV (Powderly) of New Hope, Pennsylvania, with fraudulently soliciting at least $825,000 from at least four customers for purposes of trading commodity futures on their behalf in an account in…

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CFTC offices
April 21, 2017 BY Valentina Kirilova

CFTC charges purported hedge fund Capitol Equity FX LLC with fraud

The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action in the U.S. District Court for the Central District of California, Eastern Division, against Capitol Equity FX LLC, a purported hedge fund operating in California, and its principals and agents, Robert Leland Johnson IV and Marisa Elena Johnson, both of…

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CFTC offices
April 13, 2017 BY Valentina Kirilova

CFTC announces N. Charles Thornton III as Director of the Office of Legislative Affairs

U.S. Commodity Futures Trading Commission Acting Chairman J. Christopher Giancarlo today announced that N. Charles “Charlie” Thornton III has been named the Commission’s Director of the Office of Legislative Affairs. Mr. Thornton comes to the CFTC from the United States Senate Agriculture, Nutrition, and Forestry Committee where he served as Senior Professional Staff and Counsel.…

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