Contact

Click here for a confidential contact or call:

1-212-350-2774

Misrepresentations

This archive displays posts tagged as relevant to fraudulent misrepresentations in financial transactions and financial markets. You may also be interested in the following pages:

Page 42 of 60

September 27, 2016

Advanced Trading Workshop, Inc. of Jamesville, New York, agreed to pay $940,000 in penalties and disgorgement to resolve allegations that it fraudulently solicited clients to purchase access to an online trading room and failed to register with the CFTC as a Commodity Trading Advisor.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Misrepresentations, Regulatory Violations,

September 26, 2016

The CFPB took action against TitleMax parent company TMX Finance LLC for luring consumers into costly loan renewals by presenting them with misleading information about the deals’ terms and costs. The lender also used unfair debt collection tactics that illegally exposed information about debts to borrowers’ employers, friends, and family. TMX Finance was ordered to stop its unlawful practices and pay a $9 million penalty.  CFPB

Tagged in: Misrepresentations,

September 23, 2016

The CFPB filed a federal lawsuit against the credit repair company Prime Marketing Holdings, LLC alleging it charged consumers a series of illegal advance and also misrepresented the cost and effectiveness of its services. The CFPB is seeking to halt the company’s harmful conduct and to obtain relief for consumers, including refunds of fees paid to the defendant.  CFPB

Tagged in: Misrepresentations,

September 21, 2016

The CFPB sued five Arizona title lenders— Auto Cash Leasing, LLC; Interstate Lending, LLC; Oasis Title Loans, LLC; Phoenix Title Loans, LLC; and Presto Auto Loans, Inc. — for failing to disclose the annual percentage rate in online advertisements about title loans. The companies allegedly advertised a periodic interest rate for their loans without listing the corresponding annual percentage rate. The CFPB is seeking civil monetary penalties and administrative orders requiring the companies to correct their practices.  CFPB

Tagged in: Misrepresentations,

September 21, 2016

The CFTC ordered Chicago-based Advantage Futures LLC, its CEO Joseph Guinan, and former Chief Risk Officer William Steele to pay a $1.5 million penalty for supervision and risk management failures and making inaccurate statements in filings with the CFTC.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Misrepresentations, Regulatory Violations,

September 20, 2016

Raja Michael Mawad and his company, RNS Holdings LP, a Texas corporation headquartered in Houston, Texas, agreed to pay more than $389,000 to settle charges that they engaged in fraud upon participants in a commodity pool they operated and for failing to file required annual reports.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Misrepresentations, Regulatory Violations,

September 14, 2016

Grace Elizabeth Reisinger of Grand Island, Nebraska, was found liable by jury verdict for  fraudulently soliciting at least $2.75 million from investors in a commodity pool scheme.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Misrepresentations,

September 12, 2016

A federal court in North Carolina ordered James A. Shepherd and his company, James A. Shepherd Inc. to pay more than $15 million in penalties and restitution for engaging in a commodity pool fraud scheme.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Misrepresentations,

September 7, 2016

The CFTC filed a civil injunctive enforcement action against Fan Wang a.k.a. Alex Wang, a Chinese national who resides in Short Hills, New Jersey, charging Wang with making false reports in connection with commodity futures contracts he purchased for his employer’s proprietary trading account.  CFTC 

Tagged in: Fraud in CFTC-Regulated Markets, Misrepresentations,

1 … 40 41 42 43 44 … 60

Newsletter

Subscribe to receive email updates from the Constantine Cannon blogs

Sign up for: