Tag: cftc
Washington, D.C. — The Commodity Futures Trading Commission today announced the U.S. District Court for the Eastern District of New York entered a final judgment and consent order on August 31 for a permanent injunction, monetary sanctions, and equitable relief against Tae Hung Kang, a/k/a Kevin Kang, of Queens, New York. The order resolves the […]
September 06, 2022 Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and settling charges against Blaise Brochard of New York, New York, a former trader at a global bank, for engaging in a scheme to mismark positions on the bank’s U.S. dollar interest rate derivatives desk (IRD Desk). The order […]
Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and settling charges against Natixis, a global bank and swap dealer, for failure to diligently supervise traders on the bank’s New York-based Interest Rate Derivatives Desk (IRD Desk) and its Equity Derivatives Flow and Solution Trading Desk (FAST Desk). The traders on […]
Washington, D.C. — The Commodity Futures Trading Commission today announced that Judge Zahid N. Quraishi of the U.S. District Court for the District of New Jersey entered a final judgment and consent order resolving charges against defendants Swapnil Rege (Rege) and SwapStar Capital LLC, and relief defendant Reema Rege. The order finds that the defendants […]
August 24, 2022 Washington, D.C. — The Commodity Futures Trading Commission issued an order today simultaneously filing and settling charges against Eric Schwartz of Chicago, Illinois, for engaging in multiple instances of spoofing. Specifically, the order finds that Schwartz spoofed—defined in the Commodity Exchange Act (CEA) as bidding or offering with the intent to cancel the bid or offer […]
Washington, D.C. — The Commodity Futures Trading Commission today introduced it submitted a civil enforcement activity in the U.S. District Court for the Eastern District of Michigan versus Andrew M. Middlebrooks and also his company EIA All Weather Alpha Fund I Partners, LLC, a Delaware firm, based in the Detroit, Michigan location. The problem declares […]
Broker as well as Firm Found Liable for Secretly Trading Against Customers, Disclosing Confidential Order Information Firm likewise Found Liable for Failing to Supervise Broker as well as Failing to Make and also Keep Required Records August 16, 2022 Washington, D.C.— The Commodity Futures Trading Commission today revealed a court in the Southern District of […]
August 05, 2022 Washington, D.C. — The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the District of Nevada against Daniel Shak of Las Vegas, Nevada, charging him with spoofing and engaging in a manipulative and deceptive scheme in the gold and silver futures markets. In its continuing civil […]
Co-Founder and Owners Also Charged July 19, 2022 Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against Powerline Petroleum, LLC (Powerline), its co-founder and owner, Darren Dohme, and other owner, Adam Wright, for misleading clients regarding the nature of Powerline’s role, and financial interest in the […]
Washington, D.C. — The Commodity Futures Trading Commission today announced the U. S. District Court for the Southern District of New York entered a consent order on July 14 for a permanent injunction, monetary sanctions, and disgorgement of ill-gotten proceeds against Jimmy Gale Watson of Dallas, Texas. The consent order resolves the claims against Watson […]
