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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:

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April 29, 2014

The CFTC obtained a final judgment and consent Order against Illinois resident James C. Yadgir settling charges that Yadgir exceeded speculative position limits in live cattle futures contracts and feeder cattle futures contracts. The Order requires Yadgir to pay a civil penalty of $130,000.  CFTC

April 18, 2014

The CFTC filed an enforcement action against Wayne Pennoyer Weddington III and his companies, Brunswick Capital and Brunswick Capital Partners, charging them with solicitation fraud, making false statements, and registration violations in connection with a commodity pool that he formed called Pennoyer International Funds Global Opportunity.  CFTC

April 3, 2014

Following a consent Order the CFTC obtained against MF Global, the company will begin making final distributions to its customers to satisfy its obligation of full restitution for $1.2 billion in losses sustained by customers of MF Global when the company failed in 2011.  In addition to full restitution, the consent Order imposed a $100 million civil penalty on MF Global, to be paid after MF Global has fully paid customers.  The consent Order arose out of the CFTC’s June 2013 complaint charging MF Global with unlawful use of customer funds.  Specifically, the Complaint charged MF Global with unlawfully using customer segregated funds to support its own proprietary operations and the operations of its affiliates.  CFTC
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