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Page 34 of 52

May 9, 2016

The CFTC ordered Cunningham Commodities, LLC, based in Chicago, Illinois, and its head accountant, Salvatore Carmen Russo, to pay a penalty of $150,000 for failing to immediately report a customer's segregated account deficiency.  CFTC

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

April 12, 2016

The CFTC ordered Nathan Schleifer of New York City and his company Galileo Trading LLC to pay over $1.6 million in restitution and penalties for fraudulently soliciting customers to trade commodity futures and repeatedly making numerous false statements and material misrepresentations to the National Futures Association regarding their trading practices.  CFTC

April 12, 2016

Brian Hinman agreed to pay over $1 million in penalties and disgorgement to settle charges that he aided and abetted Kevin White's Texas-based entities’ RFF GP, LLC and KGW Capital Management, LLC, in a scheme that fraudulently solicited participants in a foreign currency exchange pool named Revelation Forex Fund, LP.  CFTC

Tagged in: Foreign Exchange,

April 5, 2016

Michael Pucciarelli of Staten Island, New York, and Badge Trading LLC, will pay a $280,000 civil monetary penalty for non-competitively entering into and reporting numerous non-bona fide exchanges of physicals transactions to ICE Futures U.S., Inc. and ICE Clear U.S., Inc.  CFTC

March 31, 2016

The CFTC filed a civil enforcement action against Hendrik A. Van Beuningen of Brookhaven, Georgia, and his company, DeBrink Trading Fund I, LLC of Atlanta, Georgia, alleging fraud, misappropriation, and issuing false statements in connection with a commodity pool they operated.  CFTC

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

March 25, 2016

The CFTC has filed charges against Virginia resident Tracy Lee Thomas and his firm based in the Cayman Islands Marbury Advisors Inc. with allegations of fraudulently soliciting more than $1.2 million in a commodity futures scheme.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

March 23, 2016

JPMorgan Ventures Energy Corp. and JPMorgan Chase Bank, N.A.  have agreed to pay a $225,000 penalty to resolve charges of failing to comply with their obligations to submit accurate large trader reports for physical commodity swap positions.  CFTC

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

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