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:
INTL FCStone Markets, LLC, a provisionally registered swap dealer, has agreed to pay a $200,000 penalty to settle allegations that it failed to diligently supervise traders in its Kansas City Energy Group. CFTC
The CFTC has filed an enforcement action against Gary Creagh and Wall Street Pirate Management, LLC, both of New York, for making false, fictitious, or fraudulent statements or omissions to the National Futures Association. CFTC
The CFTC ordered Morgan Stanley & Co. LLC to pay a $300,000 penalty for failing to hold sufficient U.S. dollars in segregated accounts in the United States to meet all of its obligations to cleared swaps customers. CFTC
The District Court for the Southern District of New York ordered Wayne P. Weddington III and his companies Brunswick Capital LLC and Brunswick Capital Partners LP to pay over $1 million in penalties and restitution for defrauding customers. CFTC
Attorney Jay Bruce Grossman, who practices law in Fort Lauderdale, Florida will pay close to $1 million in penalties and restitution for aiding and abetting multiple clients in their operation of illegal and fraudulent precious metals schemes. CFTC
A federal court in North Carolina fined Carl David Wright $1 million for operating a commodity pool fraud in violation of the Commodity Exchange Act, following a criminal case against Wright which concluded last year with a 4-year prison term and criminal fine. CFTC
The CFTC has filed a civil enforcement action against Yumin Li, from the People’s Republic of China, and Kering Capital Ltd., a British Virgin Islands company, with fraud, engaging in fictitious transactions, and trading noncompetitively in violation of the Commodity Exchange Act and CFTC regulations. CFTC
The CFTC has charged Nick A. Wurl and his company Ludiera Capital LLC, both of Chicago, Illinois, with fraud, misappropriation, and the issuance of false statements in connection with a $9 million investment pool scheme. CFTC
The Southern District of New York has ordered Joseph F. Welsh III of Northport, New York, to pay $500,000 to resolve CFTC charges that he attempted to manipulate settlement prices of NYMEX palladium and platinum futures contracts. CFTC
A judge for the Western District of Missouri has ordered Gregory Christopher Evans to pay over $1.2 million in penalties for fraud and unauthorized swaps trading.CFTC