Christopher Engel, along with his company Pinnacle Forex Group LLC collected client funds for purchasing FX contracts, but withdrew and misappropriated them. Despite never having been registered with the CFTC, an offense in the US, the authority has successfully issued an $819,000 fine
Read moreAs of January 31, 2015, retail FX customers in the United States will no longer be able to fund their accounts by credit card as the NFA's proposals have been accepted by the CFTC, with deposits by electronic methods such as Paypal also excluded.
Read moreNorth America's CFTC has joined the FCA and FINMA in concluding its investigations into FX rate manipulation, with five banks in line for a $1.4 billion fine, taking the total so far to $3.3 billion, with Barclays' fate yet to be decided
Read moreBenjamin Lawsky, the astute and observant Superintendent of the New York State Department of Finance, is set to step down in 2015, leaving a legacy of Bitcoin proponency and an eye for sharp banking practices
Read moreA year subsequent to setting in place the trade execution requirements for OTC derivatives trading within the institutional sector in the United States, the CFTC has now completed its ruling with regard to SEF usage for credit default and interest rate swaps whilst ESMA lags almost two years behind
Read moreRichard Berry prepares to head the dispute resolution activities of FINRA as his latest senior appointment following his twenty year tenure at NASD. Mr. Berry takes over from Linda Fienberg on December 1 this year
Read moreNew York State's Superintendent of Financial Services Benjamin Lawsky has publicly stated that Bitcoin technology developers are free to conduct their business without a license, whereas banks and dealers will require regulation. With technological development at the heart of Bitcoin's future, New York's acceptance as a mainstream activity could lead to rapid growth and investment
Read moreNorth American introducing broker IFG Markets finds itself on the receiving end of a permanent ban from NFA membership due to several inconsistencies, most gravely of all surrounding the firm's inability to maintain its capital correctly, culminating in insolvency
Read moreFollowing the election of Chairman Timothy Massad to the CFTC earlier this year, a series of senior appointments have been made. Yesterday, Commissioner Sharon Bowen announced the key personnel that will form the US regulatory authority's legal and policy team
Read moreCFTC Charges Illinois Resident Gerald J. Considine and His Companies, Novo Trading and Considine Trading, with Fraudulent Solicitation and Misappropriating More than $1.65 Million of Customer Funds
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