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Tag Archives: CFTC

Federal Court Orders Virginia Resident to Pay More Than $5 Million for Futures and Options Fraud

CFTC The Commodity Futures Trading Commission fraud Futures and Options

Judge John A. Gibney, Jr., of the U.S. District Court for the Eastern District of Virginia entered a Consent Order for Permanent Injunction, Restitution and Ancillary Equitable Relief against defendant Leonard J. Cipolla finding, among other things, that Cipolla fraudulently solicited individuals to place funds in a commodity pool to trade futures and options

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Federal Court Orders Oregon Owner of Precious Metals Firm to Pay $1.3 Million to Victims of Fraudulent Precious Metals Scheme

CFTC The Commodity Futures Trading Commission fraud Futures and Options

U.S. District Court for the Western District of Washington entered a consent order against Aaron Michael Scott of Portland, Oregon for fraud and misappropriation in connection with a precious metals scheme

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CFTC Orders New York Man to Pay More than $1 Million for Role in Fraudulent Binary Options Scheme

binary options fraud

CFTC issued an order filing and settling charges against Glenn Olson for his role in a binary options fraud that harmed U.S. customers involving Blue Bit Banc and Blue Bit Analytics, Ltd, located in Turks and Caicos

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Federal Court Orders UK Man to Pay More Than $571 Million for Operating Fraudulent Bitcoin Trading Scheme

VQR cryptocurrencies fraud Bitcoin Trading binary options fraud

CFTC announced that the U.S. District Court for the Southern District of New York entered a default judgment against Benjamin Reynolds, purportedly of Manchester, England, finding that he operated a fraudulent scheme to solicit bitcoin

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Federal Court Orders North Carolina Man to Pay Over $255,000 in Futures and Forex Fraud Scheme

CFTC The Commodity Futures Trading Commission fraud Futures and Options

CFTC announced that Judge Max O. Cogburn Jr., of the U.S. District Court for the Western District of North Carolina, entered a consent order against Mark N. Pyatt

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Federal Court Orders Interdealer Broker to Pay $7 Million for Deceptive Trading Practices in the FX Options Markets

CFTC manipulation

CFTC announced the U.S. District Court for the Southern District of New York entered a consent order against defendants TFS-ICAP LLC and TFS-ICAP Ltd., interdealer brokers located in New York and London, requiring them to pay a $7 million

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Federal Court Orders Colorado Company to Pay Over $900,000 for Digital Asset and Forex Ponzi Scheme

CFTC manipulation

fraudulently soliciting and misappropriating funds from clients in a digital asset and forex Ponzi scheme.

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CFTC and South African Reserve Bank Announce Cooperative Effort to Promote Fintech Innovation

South African Reserve Bank (SARB)

The Commodity Futures Trading Commission and the South African Reserve Bank (SARB) today announced they have signed a Statement of Intent to cooperate and support innovation through each authority’s respective financial technology (fintech) initiative

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Federal Court Orders Pennsylvania Man and His Companies to Pay More Than $1.2 Million in Forex Trading Scheme

CFTC manipulation

The Commodity Futures Trading Commission today announced that the U.S. District Court for the Eastern District of Pennsylvania entered an order of default judgment finding that Michael Salerno

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CFTC Unanimously Approves an Interim Final Rule and a Proposed Rule at May 28 Open Meeting

CFTC The Commodity Futures Trading Commission fraud Futures and Options

Washington, D.C. — The Commodity Futures Trading Commission at its open meeting today unanimously approved an interim final rule to grant an extension of the compliance schedule for initial margin requirements for uncleared swaps in response to operational challenges certain entities are facing due to the COVID-19 (coronavirus) pandemic.

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