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August 6, 2015

The CFTC ordered Morgan Stanley & Co. LLC to pay a $300,000 penalty for failing to hold sufficient U.S. dollars in segregated accounts in the United States to meet all of its obligations to cleared swaps customers.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

August 5, 2015

The District Court for the Southern District of New York ordered Wayne P. Weddington III and his companies Brunswick Capital LLC and Brunswick Capital Partners LP to pay over $1 million in penalties and restitution for defrauding customers.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

July 22, 2015

Attorney Jay Bruce Grossman, who practices law in Fort Lauderdale, Florida will pay close to $1 million in penalties and restitution for aiding and abetting multiple clients in their operation of illegal and fraudulent precious metals schemes.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

July 10, 2015

A federal court in North Carolina fined Carl David Wright $1 million for operating a commodity pool fraud in violation of the Commodity Exchange Act, following a criminal case against Wright which concluded last year with a 4-year prison term and criminal fine.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

July 6, 2015

The CFTC has filed a civil enforcement action against Yumin Li, from the People’s Republic of China, and Kering Capital Ltd., a British Virgin Islands company, with fraud, engaging in fictitious transactions, and trading noncompetitively in violation of the Commodity Exchange Act and CFTC regulations.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

June 24, 2015

The CFTC has charged Nick A. Wurl and his company Ludiera Capital LLC, both of Chicago, Illinois, with fraud, misappropriation, and the issuance of false statements in connection with a $9 million investment pool scheme.  CFTC

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

May 20, 2015

The CFTC fined Barclays $400 million for attempting to manipulate the foreign exchange benchmark rates and another $115 million for attempting to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix.  CFTC and CFTC

Tagged in: Foreign Exchange, Fraud in CFTC-Regulated Markets,

May 14, 2015

The CFTC ordered Double Eagle Enterprises, LLC, Double Eagle Metals, and its owner Eric Arlt, all of Charlevoix, Michigan, to pay $700,000 for illegally offering off-exchange financed transactions in precious metals with retail customers, and failure to register as a Futures Commission Merchant with the CFTC.  CFTC

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

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