Tag: cftc
Washington, D.C. — The Commodity Futures Trading Commission today announced the U.S. District Court for the Eastern District of California entered an order granting the CFTC’s motion for entry of default judgment against California-based John D. Black and his affiliated entities Financial Tree (d/b/a Financial Tree Trust); Financial Solution Group (d/b/a Financial Solution Group Trust); and New Money Advisors, […]
Washington, D.C. — As part of the Commodity Futures Trading Commission’s ongoing efforts to protect Americans from fraud, today the CFTC added another 34 unregistered foreign entities to its Registration Deficient List (RED List). Launched in 2015, CFTC’s RED List now has 202 entities. [See CFTC Press Release No. 7224-15] A firm is added to […]
July 07, 2022 Washington, D.C. — The Commodity Futures Trading Commission today announced the U.S. District Court for the Western District of Texas entered a consent order on July 6, imposing monetary sanctions against David Seibert, most recently of Lakeway, Texas. The order resolves a CFTC action filed on September 10, 2020, and follows a September […]
July 05, 2022 Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC, and J.P. Morgan Securities, plc (collectively, J.P. Morgan), provisionally registered swap dealers, for failing to comply with their reporting obligations as swap dealers. The order requires […]
Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against BNP Paribas (BNPP), a global financial services corporation and swap dealer, for violations of the Commodity Exchange Act (CEA) and Commission regulations relating to swap reporting and daily mark disclosures. The order requires BNPP to pay a […]
Washington, D.C. — The Commodity Futures Trading Commission today announced it has filed a civil enforcement action in the U.S. District Court for the Southern District of Florida against Emerson Pires and Flavio Goncalves, both Brazilian citizens who previously resided in Port Saint Lucie, Florida; Joshua Nicholas of Stuart, Florida; and Empires Consulting Corp., a […]
June 30, 2022 Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Interactive Brokers LLC, a registered futures commission merchant, for failing to diligently supervise its employees’ handling of exchange fees charged to customers. The order requires Interactive Brokers to cease and desist from violating the […]
This Action Is CFTC’s Largest Fraud Scheme Case Involving Bitcoin June 30, 2022 Washington, D.C. — The Commodity Futures Trading Commission filed a civil enforcement action in the U.S. District Court for the Western District of Texas, charging Cornelius Johannes Steynberg of Stellenbosch, Western Cape, Republic of South Africa and Mirror Trading International Proprietary Limited […]
Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Starberry Limited for acting as a futures commission merchant (FCM) without being registered. Specifically, Starberry accepted and placed orders and accepted money in connection with those orders from a foreign customer for NYMEX West Texas Intermediate (WTI) […]
Washington, D.C. — The Commodity Futures Trading Commission today announced that the U.S. District Court for the Central District of California entered a consent order on June 7 for a permanent injunction, monetary sanctions, and equitable relief against Daniel Hewko of Fort Bragg, California. The consent order resolves the CFTC’s claims against Hewko in the […]
