fraud

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced it obtained a federal court supplemental consent order requiring defendants Sidney S. Hanson, Charlotte M. Hanson, and their companies, Queen Shoals, LLC, Queen Shoals II, LLC, and Select Fund, LLC, to pay $24 million in restitution and civil monetary penalties for defrauding customers and misappropriating millions of dollars in a foreign currency (forex) Ponzi scheme (see CFTC Press Release 5689-09, August 7, 2009).

Wednesday, 02/11/2011 | 12:34 GMT by Michael Greenberg

Regulation

CFTC Charges Accounting Firm McGladrey & Pullen, LLP, and Partner David Shane with Failure to Properly Audit One World Capital Group

It's extremely interesting to see CFTC taking the oversight of its members one step further by going after not only its member firms but even after their auditors - if those failed to do their job. CFTC just charged an accounting firm and one of its partners for failing to properly audit One World Capital Group - a former forex broker which ceased its operations in 2007. This adds to CFTC's aggressive pursuit of even completely foreign firms which it perceives as breaking its rules.

Friday, 23/09/2011 | 03:56 GMT by Michael Greenberg

Brokers

SEC investigates State Street FX pricing

Thursday, 12/05/2011 | 18:39 GMT by FMAdmin Someone

Analysis

David Smith pleads guilty to a $220 million forex ponzi scheme

Thursday, 31/03/2011 | 08:52 GMT by Michael Greenberg

Analysis

Willie Lee Cloud and C & R Financial ordered to pay $5.35 million in a forex scheme

Wednesday, 30/03/2011 | 06:08 GMT by Michael Greenberg

Brokers

eForex transfers clients to AvaFX

Tuesday, 22/03/2011 | 05:11 GMT by Michael Greenberg

Analysis

CFTC Charges Florida Couple and Queen Shoals Consultants with Defrauding Forex Customers of More than $1.44 Million

Friday, 18/03/2011 | 01:09 GMT by Michael Greenberg

Analysis

Federal Court Orders Dennis Todd Hagemann and Yellowstone Partners to Pay $1.6 Million for Defrauding Investors in a Forex Ponzi

Thursday, 10/03/2011 | 19:26 GMT by Michael Greenberg

Brokers

BNY Mellon hit with class action suit over forex prices

Thursday, 10/03/2011 | 10:59 GMT by Michael Greenberg

Analysis

CFTC shuts down JadeFX owned by Jacob Juma Omukwe

Wednesday, 09/03/2011 | 20:39 GMT by Michael Greenberg

Brokers

Yet another investigation into FXCM's stock price drop

Tuesday, 08/03/2011 | 19:19 GMT by Michael Greenberg

Brokers

An investigation into FXCM turns into a full scale class action suit

Monday, 07/03/2011 | 08:35 GMT by Michael Greenberg

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