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Page 62 of 66

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

May 11, 2015

The CFTC ordered Libero Commodities SA, an agricultural trading company, to pay $480,000 for failing to comply with its legal obligation as a reportable trader to submit weekly CFTC Form 304 Reports that show its call cotton purchases and sales, in violation of CFTC Regulation 19.02.  CFTC

May 1, 2015

The CFTC ordered FCStone, LLC, headquartered in New York, NY, to pay a $140,000 penalty for failing to provide and maintain an adequate program of supervision and for failing to diligently supervise its employees.  CFTC

April 30, 2015

The U.S. District Court for the Central District of California ordered Christopher Valois and Cynthia Wong, residents of Irvine, California, and their companies, Bertram Trade LLC and Churchhill Commodities Trading LLC, to pay $1.1 million for fraud and registration violations.  CFTC

April 27, 2015

A federal court in Ft. Lauderdale, Florida ordered Inter-Global Currency & Precious Metals, LLC of Pompano Beach, Florida, and its owner, manager, and controlling person Stavros Papastavrou, of Delray Beach, Florida, to pay a civil monetary penalty of $100,000 and a restitution award of $447,342 for engaging in illegal, off-exchange precious metal transactions.  CFTC

April 27, 2015

The CFTC charged My Global Leverage, LLC and its owner and managing member Toney Blondo Eggleston, who resides in Newport Coast, California, with engaging in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis.  CFTC

April 23, 2015

German-based Deutsche Bank AG and its UK-based subsidiary DB Group Services (UK) Limited agreed to pay more than $2.5 billion to settle US and UK allegations relating to their role in manipulating and false reporting of the London Interbank Offered Rate (LIBOR) and Euribor.  In addition to the monetary payout, DB Group Services agreed to plead guilty to wire fraud and Deutsche Bank entered into a deferred prosecution agreement to resolve wire fraud and price-fixing charges. The settlement payment consists of an $800 million CFTC penalty, a $600 million penalty payable to the New York Department of Financial Services, $344 million payable to the U.K. Financial Conduct Authority (FCA) action, and criminal penalties and disgorgement payable in an agreement with DOJ, including a $150 million fine payable by DB Group Services and a $625 million penalty payable by Deutsche Bank.  DOJ; CFTC; NY

April 21, 2015

The CFTC filed a civil enforcement action in the U.S. District Court for the Southern District of Florida against Sentry Asset Group, LLC of Boca Raton, Florida, and its owner and manager, John Pakel of Del Ray, Florida, alleging that they engaged in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis.  CFTC

April 15, 2015

The CFTC ordered Hope Advisors LLC, a Brentwood, Tennessee, Commodity Pool Operator, to pay a $100,000 civil monetary penalty for acting as a CPO without registering with the CFTC, as required, and for providing monthly statements to pool participants that failed to show all the information required by Commission Regulation.  CFTC
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