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Page 26 of 39

August 22, 2016

Irina Feldman, Cindium Inc., and Einstein Exchange Group Inc. agreed to pay more than $600,000 to settle charges of committing solicitation fraud and misappropriation in connection with operating a commodity pool that offered foreign currency and commodity futures transactions, and for failing to register with the CFTC as Commodity Pool Operators.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Misrepresentations, Regulatory Violations,

August 18, 2016

The CFTC filed a complaint in the Southern District of New York charging Deutsche Bank AG with multiple swap reporting violations, failing to supervise its employees responsible for swap data reporting, and violating a prior CFTC order.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Regulatory Violations,

August 17, 2016

The CFTC filed a civil enforcement action against Mirko Schacke of Antioch, California, and his company, TradeMasters USA, LLC, of Las Vegas, Nevada, charging them with fraudulently soliciting over $150,000 from at least 36 investors in connection with the purchase of futures trading software.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Misrepresentations,

August 16, 2016

Steven A. Cohen of Greenwich, Connecticut was issued a notice of intent to revoke, suspend or place restrictions on his registration by the CFTC for failing to adequately supervise an employee to ensure that employee was not engaged in insider trading.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Insider Trading,

August 15 , 2016

The CFTC obtained a summary judgment order requiring Robert S. Leben and Amy L. Leben of Columbia, South Carolina, to pay over $10 million in penalties and restitution for misappropriating pool participant funds and failing to register as commodity pool operators, among other charges.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Regulatory Violations,

August 12, 2016

The U.S. District Court for the Southern District of Florida ordered International Monetary Metals, Inc., a Florida corporation, and its controlling person, Martin Sommers to pay almost $10 million in disgorgement and a civil monetary penalty for engaging in illegal, off-exchange precious metals transactions and registration violations.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Regulatory Violations,

August 9, 2016

The CFTC filed an enforcement action charging Frank J. Collins of Garden Grove, California, Gerard Suite of Irvine California (a.k.a. Rawle Gerard Suite, Jerry Suite, and Jerry Snead), and their Delaware limited liability company, STA Opus NR LLC, with fraudulently soliciting $1.6 million from at least 30 customers to operate a commodity pool and misappropriating approximately $1.25 million of customers’ funds for their own benefit.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

August 4, 2016

The U.S. District Court for the Northern District of Georgia ordered Hendrik A. Van Beuningen and his company, DeBrink Trading Fund I, LLC, to pay a $430,000 civil monetary penalty and restitution of $480,000 to settle charges of fraud, misappropriation, and registration violations in connection with their operation of a commodity pool.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

August 4, 2016

Barclays Capital, Inc., a Connecticut corporation headquartered in New York City, agreed to pay $800,000 to resolve charges that it failed to diligently supervise the processing of exchange and clearing fees it charged customers for trading and clearing Chicago Mercantile Exchange, Inc. products.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Regulatory Violations,

August 3, 2016

Jonathan A. Parker and QuantX Capital, LLC, both of Marietta, Georgia, were ordered to pay over $1 million in penalties and restitution for committing fraud and misappropriation in connection with operating a commodity pool that offered leveraged or margined off-exchange foreign currency transactions.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Regulatory Violations,

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