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Tag Archives: CFTC

CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5 Million

Tether

Tether to Pay $41 million Over Claims that Tether Stablecoin was Fully Backed by US Dollars. Bitfitnex to Pay $1.5 Million for Illegal Transactions While Operating Bitfinex Cryptocurrency Trading Platform and Violation of Prior CFTC Order

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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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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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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 pooled futures

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 pooled futures

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 pooled futures

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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