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Page 38 of 52

October 20, 2015

A federal judge has ordered John R. Bullar and his company, Executive Management Advisors LLC, to pay over $31 million in penalties and restitution for fraud, misappropriation, embezzlement, and operating a Ponzi scheme.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Ponzi Schemes,

October 20, 2015

The CFTC ordered BNP Paribas Securities Corp. to pay a $140,000 penalty on charges that the company improperly invested customer segregated funds.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

October 19, 2015

The CFTC filed a lawsuit against Igor B. Oystacher and his proprietary trading company, 3 Red Trading LLC, both of Chicago, Illinois, charging the defendants with spoofing and employment of a manipulative and deceptive device while trading futures on four different futures exchanges.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Market Manipulation and Trading Violations,

October 14, 2015

The U.S. District Court for the Northern District of Ohio entered judgment against Bradley A. Miklovich of Stow, Ohio, resolving charges that Miklovich, a former Associated Person of Rice Investment Company made unauthorized trades for two customers’ accounts and falsified a customer’s account statements and Rice’s internal documents. The order requires Miklovich to make full restitution to Rice in the amount of $566,360 and to pay a $100,000 civil monetary penalty.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

October 5, 2015

Alexander Glytenko and his company, Direct Investment Products, Inc., will pay over $3.8 million in restitution and penalties in connection with a commodity pool fraud scheme.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

September 30, 2015

Alfred C. Toepfer International, Inc., a global merchandiser of agricultural commodities, will pay a $400,000 penalty for failing to comply with its legal obligation to submit accurate monthly CFTC Form 204 Reports regarding the composition of Toepfer’s fixed price cash grain purchases and sales.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

September 30, 2015

The CFTC filed charges against Guardian Asset Group, LLC and its owner and principal, Andrew Kurzbard, both of West Palm Beach, Florida, alleging that the defendants engaged in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis.  CFTC

Tagged in: Regulatory Violations,

September 30, 2015

The CFTC ordered Deutsche Bank AG to pay a $2.5 million penalty for swaps reporting violations and related supervision failures.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

September 29, 2015

The CFTC ordered Barbara Cohen of Tarpon Springs, Florida, to pay a $140,000 penalty on charges that she made false statements of material fact to CFTC staff and that the website of Cohen’s company, Pure Reason, LLC promoted Pure Reason’s trading software by demonstrating profitable trading results without disclosing that these results were based on hypothetical, and not actual, trades.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

September 29 ,2015

American Portfolio Asset Management, Inc. and its owner, Alan M. Kneller, both of Boca Raton, Florida, will pay over $578,000 in restitution and penalties to settle charges that they illegally offering off-exchange financed transactions in precious metals to retail customers.  CFTC

Tagged in: Regulatory Violations,

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