Tag: CFTC penalties

Monex Precious Metals fraud charges
September 06, 2017 BY LeapRate Staff

Monex Deposit Company charged with running multi-million dollar retail trader fraud scheme

The U.S. Commodity Futures Trading Commission (CFTC) has announced that on September 6, 2017, it filed a civil injunctive enforcement action in the U.S. District Court for the Northern District of Illinois against three affiliated companies located in Newport Beach, California: Monex Deposit Company, Monex Credit Company, and Newport Services Corporation (collectively, Monex), and Monex’s principals Louis Carabini and Michael Carabini.…

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November 06, 2015 BY Maria Nikolova

CFTC orders $3.2B in total monetary sanctions against wrongdoers in FY 2015

The U.S. Commodity Futures Trading Commission (CFTC) today published the agency’s enforcement results for fiscal year (FY) 2015, which included a record $3.144 billion in civil monetary penalties and $59 million awarded in restitution and disgorgement orders. During FY 2015, over $2.8 billion was collected and deposited at the U.S. Treasury - the highest figures…

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