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Regulatory Violations

This archive displays posts tagged as relevant to violations of rules and regulations government the financial markets and its participants. You may also be interested in the following pages:

Page 42 of 44

April 21, 2015

The CFTC filed a civil enforcement action in the U.S. District Court for the Southern District of Florida against Sentry Asset Group, LLC of Boca Raton, Florida, and its owner and manager, John Pakel of Del Ray, Florida, alleging that they engaged in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis.  CFTC

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

SEC Enforcement Spotlight — BlackRock Advisors

Posted  04/21/15
By the C|C Whistleblower Lawyer Team BlackRock Advisors LLC agreed to pay a $12 million penalty to settle SEC charges it breached its fiduciary duty by failing to disclose a conflict of interest created by the outside business activity of a top-performing portfolio manager.  The firm also must engage an independent compliance consultant to conduct an internal review.  See SEC Press Release According to the...

Tagged in: Regulatory Violations, Securities Fraud,

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April 15, 2015

The CFTC ordered Hope Advisors LLC, a Brentwood, Tennessee, Commodity Pool Operator, to pay a $100,000 civil monetary penalty for acting as a CPO without registering with the CFTC, as required, and for providing monthly statements to pool participants that failed to show all the information required by Commission Regulation.  CFTC

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

February 5, 2015

The CFTC ordered Isaiah Goldman and Brock Catronio, individually, and their companies, Paramount Metals Exchange, LLC and Paramount Credit, LLC, both of Delray Beach, Florida, to pay over $2.5 million in sanctions for engaging in illegal, off-exchange precious metals transactions.  CFTC

Tagged in: Regulatory Violations,

February 4, 2015

The CFTC ordered Brian S. Ekasala, a resident of Lake Worth, Florida, and his company, Midwest Metals Exchange, LLC, to pay over $500,000 for engaging in an illegal, off-exchange precious metals transaction scheme.  CFTC

Tagged in: Regulatory Violations,

January 26, 2015

The CFTC ordered Anthony Lauria and his company, Gold Coast Bullion, Inc. to pay more than $9.6 million to settle charges of engaging in an illegal, off-exchange precious metals scheme and for committing fraud in connection with those illegal transactions.  CFTC

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

January 16, 2015

The CFTC ordered Summit Energy Services, Inc., a Delaware corporation with its principal place of business in Louisville, Kentucky, to pay a $140,000 civil monetary penalty for acting as an unregistered commodity trading advisor.  CFTC

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

December 3, 2014

The CFTC ordered Christopher A. Engel and Pinnacle Forex Group LLC, both of Glen Rock, Pennsylvania, jointly to pay a $414,000 civil monetary penalty and restitution totaling $405,378 to defrauded customers for committing fraud and misappropriation in connection with operating a commodity pool that traded leveraged or margined off-exchange foreign currency contracts.  CFTC

Tagged in: Foreign Exchange, Regulatory Violations,

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