Tag: Commodity Exchange Act

April 04, 2016 BY Mike Fox

CFTC announces largest ever whistleblower award of more than $10 million

The U.S. Commodity Futures Trading Commission (CFTC) today announced an award of more than $10 million to a whistleblower who provided key original information that led to a successful CFTC enforcement action. The award is the largest made by the CFTC’s Whistleblower Program to date and the third award to a whistleblower who provided valuable…

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February 22, 2016 BY Maria Nikolova

CFTC charges North American Asset Management and its owners with illegal, off-exchange precious metals trading

The U.S. Commodity Futures Trading Commission (CFTC) has once again shown its strictness when it comes to following the provision of the Dodd-Frank act that addresses retail commodity trading. The US regulator has jus announced its fourth action in less than a month against violations of this provision. The CFTC has charged Florida-based North American…

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February 04, 2016 BY Maria Nikolova

Court imposes $2.5M penalty on Worth Group and its principals for illegal off-exchange precious metals scheme

US regulators have once again acted against violations of the Dodd-Frank Act, and the provision against financed precious metals transactions carried on off-exchange, in particular. The U.S. Commodity Futures Trading Commission (CFTC) has just announced that the U.S. District Court for the Southern District of Florida entered a Consent Order of Permanent Injunction against Florida-based…

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February 04, 2016 BY Maria Nikolova

CFTC charges Oakmont Financial, Joseph Charles DiCrisci over illegal, off-exchange precious metals trading

The U.S. Commodity Futures Trading Commission (CFTC) has once again shown its rigidity when it comes to following the the provision of the Dodd-Frank act that addresses retail commodity trading. The regulator announced on Wednesday that it filed a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against…

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