Long Leaf Trading Group and six employees involved in multi-million dollar options fraud scheme LeapRate

June 30, 2020 BY Steffy Bogdanova

Long Leaf Trading Group and six employees involved in multi-million dollar options fraud scheme

CFTC’s complaint states that all of Long Leaf’s customers lost money in “Time Means Money” trading program. Over 400 customers lost approximately $6.1 million, while the company made $4.4 million from commissions. The Commission seeks restitution for the defrauded customers, return of the gains, monetary penalties and permanent trading ban. CFTC settled charges against Gecas…

June 30, 2020 BY Steffy Bogdanova

Cunningham Commodities agrees to pay $250K for supervision violations

The CFTC found that Cunningham Commodities’ did not supervise the GIB accounts over a sixteen-month period diligently. Moreover, the company entered into the guarantee with the GIB despite knowing that the GIB offered a “trading program” to customers when it was not registered as a commodity trading advisor and that the majority of customers lost…

June 12, 2020 BY Steffy Bogdanova

CFTC charges several companies and individuals for defrauding investors and a church

The CFTC also filed civil enforcement action against Erik J. Hass and his company Simply Gains Inc. on charges of fraud, misappropriation and failing to register with the CFTC. The defendants solicited at least $2.1 million from at least 21 individuals to fund their forex commodity pool operation. Despite assurances that they could not lose…

June 12, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: ATFX reports 37% growth in Q1, CMC Markets launches new Prime Derivatives platform

Husam Al Kurdi who recently joined SquaredFinancial as its new Chief Executive Officer sat down with LeapRate for an interview. Having spent two decades working in the financial and banking industry, he has acquired an international reputation for developing and managing sophisticated trading companies. He has been involved with the launch and running of a…

June 09, 2020 BY Steffy Bogdanova

CFTC fines Gain Capital UK nearly $500K for registration and supervision violations

The regulator alleged that Gain UK failed to supervise diligently its US forex customers and missed warning signs of the underlying fraudulent conduct by an unregistered CTA. The company had extensive communication about creating an account with the company with an unregistered CTA with knowledge that the CTA had been rejected from managing accounts with…

May 19, 2020 BY Steffy Bogdanova

CFTC files a $1.5 Million forex fraud scheme charges against GNTFX оwner

The CFTC complaint alleges that Mikkelsen engaged in fraudulent scheme to obtain at least $1.5 million from over 100 individuals and entities by getting them to invest with a supposed company called GNTFX to trade retail leveraged or margined forex. The scheme has been running at least since 2015. The complains claims that Mikkelsen misappropriated…

January 22, 2020 BY Steffy Bogdanova

Propex Derivatives Pty Ltd caught spoofing, agrees to pay $1 million

Commodity Futures Trading Commission (CFTC) issued an order for $1 million against Propex Derivatives Pty Ltd (Propex), Australia-based proprietary trading firm, implicated in a spoofing scheme. The company was involved in unlawful trading activities on the U.S. commodities market through former trader in the period of July 2012 to March 2017. Propex agreed to pay…

December 06, 2019 BY Valentina Kirilova

Former CFTC chairman has joined New York law firm to further Digital Age

“Crypto Dad” has rejoined the workforce. Former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo has accepted a position as senior counsel for the New York-based law firm of Willkie Farr & Gallagher. Originally appointed to serve as the head of the CFTC during the Obama administration, Giancarlo served for five years in that position.…

November 21, 2019 BY Valentina Kirilova

Regulated markets do not condone ‘flying’ or other ‘fake volume’ tactics

Global capital markets have come a long way in the past decade, another sign of the interconnectedness of all global markets in our modern commercial setting. Investors today think nothing of investing in overseas markets, when just ten years back, one would have to jump through hoops in order to find a broker with an…

Abra adds native ETH deposits and withdrawals in the Abra wallet

October 11, 2019 BY Mariela Naydenova

Ethereum derivatives? CFTC clears Ether as a Commodity

Commodity Futures Trading Commission (CFTC) has confirmed that Ether is now classified as "commodity". The statement came from CFTC Chairman, Mr. Heath Tarbert. After months of studying the second largest alt coin by market cap, CFTC has decided that Ether falls under this specific jurisdiction. This is what Mr. Tarbert commented on decision that Ether…

Tag: CFTC

Long Leaf Trading Group and six employees involved in multi-million dollar options fraud scheme

Cunningham Commodities agrees to pay $250K for supervision violations

CFTC charges several companies and individuals for defrauding investors and a church

Forex Weekly Look Back: ATFX reports 37% growth in Q1, CMC Markets launches new Prime Derivatives platform

CFTC fines Gain Capital UK nearly $500K for registration and supervision violations

CFTC files a $1.5 Million forex fraud scheme charges against GNTFX оwner

Propex Derivatives Pty Ltd caught spoofing, agrees to pay $1 million

Former CFTC chairman has joined New York law firm to further Digital Age

Regulated markets do not condone ‘flying’ or other ‘fake volume’ tactics

Ethereum derivatives? CFTC clears Ether as a Commodity

Alphabet Pays The First Dividend In Its History

Gold Price Holds Steady While US GDP Shakes Up Dollar

Stellantis Says Limiting Petrol Car Sales Will Hurt UK Economy

Biogen Reaps Profits On The Back Of Cost Cuts

Ford Beats Q1 Estimates