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CFTC Charges Entities and Individuals With Multi-Million Dollar Forex Fraud

CFTC The Commodity Futures Trading Commission fraud Futures and Options pooled futures

The Commodity Futures Trading Commission announced today that it has filed a civil enforcement action in the U.S. District Court for the District of New Jersey against WorldWideMarkets, Ltd., TAB Networks, Inc., Thomas Plaut of Saddle River, N.J., and Arthur Dembro of New York, N.Y., charging them with fraud and other violations.

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Registration of Two Digital Tokens Halted

Securities and Exchange Commission suspended trading cherry-picking

SEC instituted proceedings against American CryptoFed DAO LLC, a Wyoming-based organization, halting the effectiveness of the company’s registration of two digital tokens as securities. 

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NatWest Plc pleads guilty in criminal proceedings

National Westminster Bank Natwest

National Westminster Bank Plc (NatWest) entered guilty pleas at Westminster Magistrates’ Court to criminal charges brought by the Financial Conduct Authority (FCA) under the Money Laundering Regulations 2007 (MLR 2007).

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CFTC Orders Interactive Brokers LLC to Pay a $1.75 Million Penalty for Supervision Failures

Interactive Brokers

CFTC filed and simultaneously settled charges against Interactive Brokers LLC, a registered futures commission merchant, for failing to diligently supervise the handling of its customer accounts by not adequately preparing and configuring its electronic trading system to receive negative prices and calculate margin on April 20, 2020

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CFTC Imposes A $1.25 Million Penalty against Kraken for Offering Illegal Off-Exchange Digital Asset Trading and Failing to Register as Required

CFTC The Commodity Futures Trading Commission fraud Futures and Options pooled futures

CFTC issued an order filing and settling charges against respondent Payward Ventures, Inc. d/b/a Kraken (Kraken) for illegally offering margined retail commodity transactions in digital assets, including Bitcoin, and failing to register as a futures commission merchant (FCM)

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Treasury Takes Robust Actions to Counter Ransomware

U.S. Department of the Treasury Ransomware

As part of the whole-of-government effort to counter ransomware, the U.S. Department of the Treasury today announced a set of actions focused on disrupting criminal networks and virtual currency exchanges responsible for laundering ransoms

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SEC Charges Crowdfunding Portal, Issuer, and Related Individuals for Fraudulent Offerings

SEC Compliance

SEC charged three individuals and one issuer with conducting a fraudulent scheme to sell nearly $2 million of unregistered securities through two crowdfunding offerings.

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CFTC Charges Former Hawaii Resident in Forex and Futures Ponzi Scheme

CFTC The Commodity Futures Trading Commission fraud Futures and Options pooled futures

Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the District of Hawaii against Gregory Demetrius Bryant, Jr., formerly of Hawaii, for fraudulent solicitation, misappropriation, operation of an unlawful commodity pool, and failure to register with the CFTC.

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Prepared Remarks of Gary Gensler, Chair of the Securities and Exchange Commission, Before the American Bar Association Derivatives and Futures Law Committee Virtual Mid-Year Program

Gary Gensler SEC Chair

Thank you for the kind introduction. It’s good to be back with the American Bar Association’s Derivatives and Futures Law Committee.

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Readout of the Meeting of the President’s Working Group on Financial Markets to Discuss Stablecoins

DEPARTMENT OF THE TREASURY stablecoins

Janet L. Yellen convened the President’s Working Group on Financial Markets (PWG), joined by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, to discuss stablecoins

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