This archive displays posts tagged as relevant to fraud in markets regulated by the Commodity Futures Trading Commission, the CFTC, or governed by the Commodity Exchange Act, the CEA. You may also be interested in the following pages:
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
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
The U.S. District Court for the Northern District of Illinois ordered John D. Briner, a disbarred Canadian attorney residing in Abbotsford, Canada, and his former law firm, MetroWest Law Corporation, located in Vancouver, Canada, to pay a $280,000 penalty for engaging in a money pass scheme. CFTC
Ghassan Tawachi of Irvine, California, and his firm, Intelligent Trades, LLC, a Florida limited liability company, were ordered to pay almost $1.5 million in penalties and disgorgement for defrauding clients through the operation of a fraudulent commodity futures software trading system. CFTC
The U.S. District Court for the Northern District of Illinois ordered Vault Options, Ltd. and Global Trader 365, two Israeli web-based binary options firms, to pay over $4.5 million in penalties and restitution for unlawful off-exchange binary options trading, fraud, and registration violations. CFTC
Atlantas Group, Inc. and its sole owner and president, Edmund Hysni, of Waterford, Michigan, agreed to pay $7.2 million in restitution and penalties to resolve allegations that they engaged in solicitation fraud and made false statements to the National Futures Association in connection with its investigation of the alleged fraud. CFTC
Agrocorp International Pte Ltd., a commodities trading and distribution company headquartered in Singapore, agreed to pay a $150,000 penalty to resolve charges that it failed to disclose its call cotton purchases and sales. CFTC
Golden Agri International Pte Ltd., a private limited company formed in Singapore that operates as a processor and trader of crude palm oil, which it hedges with soybean oil futures contracts, agreed to pay a $150,000 penalty to resolve charges that it failed to report its cash positions. CFTC
The U.S. District Court for the Northern District of Illinois entered a consent order requiring Matthew Marcus of California and his company, Tech Power Inc., a Nevada corporation located in California, to pay a $250,000 penalty for instigating a money pass scheme involving more than 1,200 single stock futures trades. CFTC
Barclays Bank PLC agreed to pay a $560,000 penalty to resolve charges that it failed to submit accurate large trader reports for physical commodity swap positions. CFTC