This is not David Prescott's, aka David Weeks, first run-in with securities regulators. The CFTC has announced that the U.S. District Court for the Eastern District of Wisconsin issued an Order freezing the assets of David Prescott and his business Cambridge Currency Partners. A hearing on the matter is set to take place next week. The order…
Read moreCFTC orders those named to pay $1.8M, and imposes permanent trading ban. The CFTC has ordered Timothy Bailey of Monroe, North Carolina and Michael Hudspeth of Statesville, North Carolina along with their company, PMC Strategy, LLC (PMC), to pay over $1.8 million for solicitation fraud and misappropriation in connection with an FX ponzi scheme that…
Read moreCFTC orders those named to pay $750,000, and imposes permanent trading and registration bans. The CFTC has ordered Barry Sendach of Boca Raton, FL and Joshua Kershner of Boynton Beach, FL, and their Boca Raton-based company Forex Global Solutions to pay a $750,000 fine for fraudulently soliciting customers to trade FX, and for violating CFTC registration requirements.…
Read moreCFTC settling one-by-one with 25 firms named last year for taking US retail clients.
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