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Fraud in CFTC-Regulated Markets

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:

Page 37 of 44

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 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

The CFTC ordered Daniel Bowman of Lisle, Illinois, to pay a $35,000 penalty to settle charges that he exceeded the spot month speculative position limit for the Live Cattle futures contract traded on the Chicago Mercantile Exchange.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

September 25, 2015

Chicago-based Futures International LLC and its Chief Operating Officer Amedeo Cerrone of St. Charles, Illinois, have agreed to pay $500,000 to settle charges of failing to adequately record customer orders; failing to maintain required records relating to commodity futures transactions; submitting order tickets bearing false timestamps; unauthorized trading; and failing to provide adequate supervision.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

September 24, 2015

Russian citizen, Yakov Shlyapochnik, and his Connecticut-based company, Nord Capital Advisors, LLC (NCA) have been ordered to pay a $280,000 penalty for failing to disclose NCA’s principal in registration filings and for engaging in fraud in soliciting prospective clients by failing to disclose material changes in NCA’s algorithmic trading program.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

September 24, 2015

The CFTC ordered commodities trading company Cargill de México SA De CV to pay a $500,000 penalty for executing wash trades involving corn, soybean, and wheat futures contracts on the Chicago Board of Trade and wheat futures contracts on the Kansas City Board of Trade.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

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