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:
September 17, 2015
The CFTC ordered Robert M. McMahon of Mt. Pocono, Pennsylvania, to pay a $171,000 penalty for engaging in a deceptive trading scheme involving Henry Hub Natural Gas Futures contracts, in which he would defraud his customers by taking the other sides of his customers trades and allocating to them the worse-priced contracts. CFTCSeptember 17, 2015
The CFTC ordered Australia and New Zealand Banking Group Ltd., an Australia-based financial services company, to pay a $150,000 penalty for failing to comply with its obligation to submit accurate large trader reports for physical commodity swap positions. CFTCSeptember 17, 2015
Terry Lee Phillips of Indianapolis, Indiana, and his two companies, Phillips Investment & Trust LLC and Corporate I Communications & Technology Inc., will pay over $200,000 to settle charges that they defrauded 11 investors out of at least $113,000. CFTCSeptember 17, 2015
The CFTC has issued a cease and desist order against Coinflip, Inc. d/b/a Derivabit and its chief executive officer Francisco Riordan for conducting activity related to commodity options transactions without complying with the Commodity Exchange Act and CFTC Regulations. CFTCNew CFTC Program May Have Some People Seeing Red
Posted 09/11/15
By Jason Enzler
There is a new program in town to help investors protect themselves from fraud. The U.S. Commodity Futures Trading Commission has starting publishing the identities of foreign entities that the CFTC believes may be involved in illegal practices in what the Commission calls the RED List.
With the RED List, investors are now able to go online to investigate whether companies have come under...