Tag: cftc
Portfolio Manager Found Liable for Making False or Misleading Statements April 19, 2022 Washington, D.C. — The Commodity Futures Trading Commission today announced that on April 15, a jury in the U.S. District Court in the Western District of Wisconsin issued a verdict finding Edward S. Walczak liable for engaging in conduct that operated as […]
April 14, 2022 Washington, D.C. — The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois against David Skudder, Global Ag LLC, and Nesvick Trading Group LLC for spoofing—bidding or offering with the intent to cancel the bid or offer before execution—and for […]
Washington, D.C. — The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Eastern District of Wisconsin against Kay Yang of Mequon, Wisconsin, and her companies, AK Equity Group LLC and Xapphire LLC. The complaint charges Yang, AK Equity, and Xapphire with fraud and misappropriation related to […]
Washington, D.C. — The Commodity Futures Trading Commission today announced the U.S. Court for the Southern District of New York entered an order and a final judgment against Danish resident Casper Mikkelsen, a/k/a Carsten Nielsen, a/k/a Brian Thomson, a/k/a Thomas Jensen, a/k/a Casper Muller, permanently prohibiting him from trading commodity interests, and ordering him to […]
April 07, 2022 Washington, D.C. — The Commodity Futures Trading Commission today announced that Judge Steven C. Seeger of the U.S. District Court for the Northern District of Illinois issued final judgments and consent orders against James Vorley and Cedric Chanu, former precious metals traders, for spoofing and engaging in a deceptive or manipulative scheme, in […]
Washington, D.C. — The Commodity Futures Trading Commission today announced the U.S. District Court for the Middle District of Florida entered an order for permanent injunction, monetary sanctions, and equitable relief against Alan Friedland of Florida and his Florida-based companies, Fintech Investment Group, Inc. (Fintech), and Compcoin LLC, for fraudulently soliciting customers to purchase a […]
March 29, 2022 Washington, D.C. – The Commodity Futures Trading Commission today announced that a consent order was entered in the Western District of Texas in an enforcement action against defendants Abner Alejandro Tinoco, and his company, Kikit & Mess Investments, LLC, a self-styled investment firm, finding that they misappropriated in excess of $7.2 million […]
Washington, D.C. — The Commodity Futures Trading Commission today announced a whistleblower award of approximately $625,000 to four whistleblowers. This award recognizes the contributions of each of them, three of whom provided support to the CFTC jointly. One of the whistleblowers received a higher award percentage to recognize that he or she provided the highest level […]
Washington, D.C. – The Commodity Futures Trading Commission today announced that the U.S. District Court for the Northern District of Illinois entered a consent order on March 21, 2022 for a permanent injunction, monetary sanctions, and equitable relief against defendants Dro Kholamian of Barrington, Illinois and his company, Blue Star Trading, LLC (Blue Star), which […]
Washington, D.C. — The Commodity Futures Trading Commission today announced that the U.S. District Court for the Middle District of Tennessee entered a summary judgment order on March 16, 2022 for permanent injunction, monetary sanctions, and equitable relief against Rodney Scott Phelps, formerly of Tennessee. Previously, the U.S. District Court for the Middle District of Tennessee […]
