CFTC
Madison Dean Inc. Served Second Order in Two Years By CFTC For FX Fraud
- New York FX CEO Laurence Dodge has been served an order to pay restitution of almost $250,000 to customers and a further civil monetary penalty for fraudulently soliciting clients to invest in managed FX accounts.
Monday, 01/07/2013 | 16:51 GMT by
Andrew Saks McLeod
CFTC Files Case Against Ex-MF Global CEO: Orders Firm To Pay $100 Million Penalty
- The CFTC today filed an order against ex-CEO of bankrupt firm MF Global for misappropriation and unlawful use of almost $1 billion of customer funds. If approved by the District Court, a $100 million penalty will apply.
Thursday, 27/06/2013 | 19:14 GMT by
Andrew Saks McLeod
CFTC Orders Penalties on Two Forex Frauds and Ponzi Schemes
- In separate statements, the CFTC announced that it had received two court orders against alleged forex frauds. The orders stemmed from cases that were charged against the defendants in March 2012 and September 2011.
Wednesday, 26/06/2013 | 06:47 GMT by
Ron Finberg
CFTC Orders ABN AMRO Clearing to Pay $1 Million to Settle Charges
- The CFTC has announced that it has ordered ABN AMRO Clearing Chicago LLC to pay $1 million to settle charges against the firm. The charges include failing to segregate or secure sufficient customer funds and meet minimum capital requirements.
Wednesday, 19/06/2013 | 14:34 GMT by
Ron Finberg
CFTC Says Pay Up! US Regulator Orders Puerto Rican Firm To Pay $1,593,444 For FX Fraud
- The Commodity Futures Trading Commission today obtained a court order against Angel F Collazo and his companies ACJ Capital LLC and Solid View Capital LLC for FX fraud, resulting in a $750,000 fine and $843,444 in restitutions.
Tuesday, 18/06/2013 | 16:38 GMT by
Andrew Saks McLeod
CFTC Reports April FCM Data – FXCM Rises and OANDA Declines
- The CFTC reported April financial data for reporting FCMs. For forex firms, there was very little change, as total Retail Forex Funds dropped $177,260 to $647,759,923. Among gainers, FXCM saw account growth of $4.9 million
Thursday, 13/06/2013 | 08:00 GMT by
Ron Finberg
Nicholas Stadel Joins Forest Park FX as Director of Sales and Marketing
Thursday, 13/06/2013 | 06:40 GMT by
Ron Finberg
Spot or Swap? CFTC Defines Rolling Spot Transactions As Swap In Retail FX
Monday, 10/06/2013 | 19:00 GMT by
Andrew Saks McLeod
The Aftermath of US Regulatory Warning Against Binary Options – Software Providers to Partner with NADEX
- The United States regulatory authorities' position is unquestionable when it comes to the legalities of off-exchange binary options being marketed within its jurisdiction - The message is clear: Caveat Emptor!
Monday, 10/06/2013 | 13:55 GMT by
Andrew Saks McLeod
US Binary Clampdown - SEC Follows CFTC In Issuance of Investor Warnings and Enters Charge Against Banc De Binary
- Further to yesterday's announcement by the CFTC that it intends to charge Banc de Binary for offering off-exchange binary options in the US, the SEC today cites the firm for the same transgression.
Friday, 07/06/2013 | 08:32 GMT by
Andrew Saks McLeod
Looking for a Job? The NFA is Hiring
- The NFA has announced that they approved their Fiscal Year 2014 budget. The budget, for the fiscal year which starts on July, 1 2013 is for $74 million, an 18% increase above last year, with the majority going towards new hiring
Thursday, 06/06/2013 | 20:16 GMT by
Ron Finberg
Banc De Binary Gets Charged by the CFTC - Investor Warning Also Issued Across The US
- Binary options firm Banc de Binary falls foul of US regulator CFTC for violating the off-exhange options trading ban and operating as an unlicenced FCM despite claiming to be based in New York's Wall Street.
Thursday, 06/06/2013 | 17:09 GMT by
Andrew Saks McLeod
The Falcon Is Still In Flight - Major US Bank Embroiled In Misappropriation of PFG Client Funds
- Almost a year has passed since the CFTC began investigating the activities of Peregrine Financial Group and its alleged misappropriation of client funds. Now US Bank under regulatory spotlight due to similar accusations.
Wednesday, 05/06/2013 | 16:51 GMT by
Andrew Saks McLeod
CFTC Reviews Obligations to Report Omnibus Account Information - White Label Partnerships Under Spotlight
- The Commodity Futures Trading Commission yesterday issued an advisory relating to the standard requirement by the US regulator to maintain correct reporting of omnibus accounts according to rule 17.04a.
Thursday, 23/05/2013 | 14:06 GMT by
Andrew Saks McLeod
CFTC Figures for FCMs: Increase Over February, Decrease Over January
- The US Commodity Futures Trading Commission has released FCM financial data for March 2013. Among individual names, GAIN Capital was the biggest mover upside, aided by the broker's acquiring of FX Solutions' client base.
Tuesday, 21/05/2013 | 06:17 GMT by
Andrew Saks McLeod
Trade Execution Rules Under Scrutiny - Integral Set to Launch SEF Compliant Solution Following CFTC Meeting
- Integral Development Corporation responds to CFTC's meeting regarding trade execution rules. Company set to launch SEFs in accordance with deadline set by regulators at yesterday's public meeting in Washington
Friday, 17/05/2013 | 07:33 GMT by
Andrew Saks McLeod
MB Trading Fined $200,000 For Failing to Maintain Minimal Capital Requirements
- United States financial regulator fines MB Trading a FX broker for failing to meet minimal capital requirements. The broker had miss-appropriated funds for 17 months after the new rules were mandated.
Tuesday, 14/05/2013 | 22:05 GMT by
Adil Siddiqui
Complete Developments, Incomplete Integrity. Forex Ponzi Scheme Operators Prosecuted
- Fraudsters Hit with $23 million Civil Restitution Penalty after CFTC uncovers forex Ponzi Scheme, further demonstrating the continued efforts by the US regulatory authorities to root out the bad apples.
Tuesday, 14/05/2013 | 06:40 GMT by
Andrew Saks McLeod
Integral Development Corporation Announces Readiness for CFTC EBCS Ruling
Monday, 29/04/2013 | 07:11 GMT by
Andrew Saks McLeod
Sarah E. Josephson Supersedes Jacqueline H. Mesa as Director of CFTC's Office of International Affairs
Thursday, 25/04/2013 | 10:55 GMT by
Andrew Saks McLeod
Cantor Fitzgerald Launching CantorExchange US Based Binary Options Exchange
Friday, 19/04/2013 | 13:20 GMT by
Ron Finberg
CFTC Successfully Prosecutes PMC Strategy For Forex Ponzi Scheme
Wednesday, 17/04/2013 | 17:42 GMT by
Andrew Saks McLeod
CFTC & Regulatory Principals Convene in Readiness for Forthcoming G-20 Finance Ministers Meeting
Wednesday, 17/04/2013 | 13:02 GMT by
Andrew Saks McLeod
CFTC Posts February FCM Financials - Easy Forex Exits the US
Friday, 12/04/2013 | 07:06 GMT by
Ron Finberg
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