Tag: CFTC

Whistleblower receives $9 million award from CFTC
September 07, 2020 BY Steffy Bogdanova

Whistleblower receives a reward from CFTC for exposing fraud

Whistleblower Office Director Christopher Ehrman added: The whistleblower’s tip helped stop fraudulent activity that harmed main street investors. Rewarding that kind of assistance is especially gratifying. So far, the US watchdog has awarded around $120 million to whistleblowers for their help since the first award was issued in 2014. The whistleblower awards are paid from…

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CFTC
September 03, 2020 BY Steffy Bogdanova

BeeOptions, Glenridge Capital and Rumelia Capital charged in a $165 million Binary Options fraud case

The CFTC claims that the Cartu and Peretz brothers directed individual brokers to solicit US customers with falsely represented financial expertise, compensation structure, physical location and identity. The brokers also mislead their customers that the offered binary option transactions were profitable, when in reality, the majority of customers lost money. Ryan Masten of Austin, Texas…

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Over 20 unregistered foreign companies added to CFTC RED list
August 25, 2020 BY Steffy Bogdanova

CFTC updates RED list with 22 unregistered foreign companies

The new additions to the RED list include: Allegra Markets IDB Traders/Baltic Concert LLP Capital 245 MM Financial Experts Coinexx Omega Crypto Crown Finance Omega Capitals EagleFX Platin CFD Easy Line Pro Richmond FG F1 Trade Top Option 360 FX Dealer Trade GF FXVIP Turnkey Forex Global Capital Options VIP Businesses Grand Tradefx Wellington INV/Bali…

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Interactive Brokers to pay over $38 million penalty to settle charges with SEC, CFTC and FINRA
August 11, 2020 BY Steffy Bogdanova

Interactive Brokers to pay over $38 million penalty to settle charges with regulators

The CFTC filed charges against Interactive Brokers for failing to supervise its officers’, employees’, and agents’ handling of several commodity trading accounts and not implementing adequate procedures to detect and report suspicious transactions as required under federal anti-money laundering (AML) laws and regulations. Interactive Brokers agreed to be censured, to cease and desist, and to…

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CFTC penalty
August 05, 2020 BY Steffy Bogdanova

NYMEX and two former employees to pay $4 million for disclosing trading information

This is the first time the CFTC has charged and exchange with violations of these regulations and disclosure of material non-public information. Director of Enforcement James McDonald commented: Today’s settlement sends a strong message that the CFTC will work tirelessly to protect our market participants against unlawful disclosures of their confidential information to ensure that…

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Whistleblower receives $9 million award from CFTC
July 28, 2020 BY Steffy Bogdanova

Whistleblower receives a $9 million award from CFTC

Whistleblower Office Director Christopher Ehrman added: Whistleblowers like the individual receiving the award today provide a valuable public service. We encourage others to come forward with information regarding possible violations in the markets the CFTC oversees. So far, the US watchdog has awarded around $120 million to whistleblowers for their help since the first award…

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CFTC penalty
July 15, 2020 BY Steffy Bogdanova

Plutus Financial and Plutus Technologies Philippines fined $150K for illegal off-exchange trading

CFTC Director of Enforcement James McDonald said: This case underscores, once again, that the Commission will continue working with our regulatory partners to ensure the integrity of our markets, including those involving digital assets. Rooting out misconduct is essential to furthering the responsible development of these innovative financial products. The CFTC found that between December…

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