Sign up for free newsletter

 

North America

Orange fraud sign with magnifying glass

CFTC charges Angel F Collazo over forex Ponzi scheme

Thu, 16/02/2012 - 18:00

The US Commodity Futures Trading Commission (CFTC) has charged Angel Fernando Collazo of Salinas, Puerto Rico, and his companies, ACJ Capital, Inc. (ACJ) and Solid View Capital LLC (Solid View), both of San Juan, with fraud and misappropriation in a USD1 million off-exchange leveraged foreign currency (forex) Ponzi scheme. »

Red circle with red line through, Barred sign

CFTC obtains permanent injunction against InterForex for acting as an unregistered retail Forex dealer

Fri, 10/02/2012 - 12:27

The US Commodity Futures Trading Commission (CFTC) has obtained a federal court consent order that permanently bars defendant InterForex, Inc, of Tortola, British Virgin Islands, from soliciting or accepting orders to trade foreign currency (forex) from US customers who are not Eligible Contract Participants (ECPs).  »

Orange fraud sign with magnifying glass

CFTC charges Christopher B Cornett over forex fraud

Thu, 09/02/2012 - 14:00

The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action against Christopher B Cornett of Buda, Texas, charging him with solicitation fraud, issuing false account statements, misappropriating pool participants’ funds, and failing to register in connection with an off-exchange foreign currency (forex) fraud. »

The US Commodity Futures Trading Commission

Arizona Federal Court orders Anthony Eugene Linton to pay more than USD1.7 million over Ponzi scheme

Tue, 07/02/2012 - 06:00

The US Commodity Futures Trading Commission (CFTC) has obtained a federal court order requiring Anthony Eugene Linton of Tucson, Arizona, doing business as The Private Trading Pool (PTP), to pay a total of USD1,776,610 in restitution, disgorgement, and a civil monetary penalty for defrauding investors in a commodity pool Ponzi scheme involving off-exchange foreign currency trading (forex). »

Judgement hammer

Federal Court sentences two for obstructing SEC investigation of Connecticut hedge funds manager

Wed, 01/02/2012 - 12:19

Florida resident Juan Carlos Horna Napolitano has been sentenced to 14 months imprisonment, followed by two years supervised release, for his role in conspiring to obstruct a Securities and Exchange Commission investigation relating to Francisco Illarramendi, a Connecticut hedge fund advisor. Horna Napolitano was also ordered to forfeit USD935,000. »

Blue information sign

CFTC releases results of limited reviews of futures commission merchants

Fri, 27/01/2012 - 10:00

The Commodity Futures Trading Commission (CFTC or Commission) has released findings of limited reviews of futures commission merchants (FCMs) to assess compliance with requirements to segregate customer funds pursuant to Section 4d of the Commodity Exchange Act (ACT).  »

Orange fraud sign with magnifying glass

Timothy Michael Murphy and Centurion Global Capital Management to pay USD360,000 over commodity pool solicitation fraud

Tue, 24/01/2012 - 13:45

The Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against Timothy Michael Murphy of Redding, Connecticut, and his New York-based company, Centurion Global Capital Management LLC (CGCM), for fraudulently soliciting at least 40 customers to participate in a commodity pool. »

 Robert Khuzami, Director of  Division of Enforcement, SEC

SEC charges fund managers and analysts in insider trading scheme

Thu, 19/01/2012 - 12:22

The Securities and Exchange Commission (SEC) has charged two multi-billion dollar hedge fund advisory firms as well as seven fund managers and analysts involved in a USD78 million insider trading scheme based on nonpublic information about Dell’s quarterly earnings and other similar inside information about Nvidia Corporation. »

Robert Khuzami, Director of the  Division of Enforcement. SEC

Texas-based accountant pleads guilty to lying to SEC investigators

Mon, 16/01/2012 - 12:00

A former audit partner at accounting and consulting firm BDO USA LLP has pleaded guilty to criminal charges for lying to SEC enforcement staff during investigative testimony. »

Peter Kambolin , Chief Executive Officer and Chief Operating Officer of Systematic Alpha Management.

Claims against Systematic Alpha dismissed by Federal Court

Fri, 13/01/2012 - 12:08

The Federal District Court for the Southern District of New York has dismissed all claims against Systematic Alpha principals arising from the Matveev v Batratchenko case, with prejudice. »

Judgement hammer

CFTC orders Newedge USA to pay USD700,000 for submitting inaccurate large trader reports

Tue, 10/01/2012 - 16:00

The US Commodity Futures Trading Commission (CFTC) has entered an order requiring Newedge USA, LLC (Newedge), a New York-based futures commission merchant, to pay a USD700,000 civil monetary penalty for submitting inaccurate large trader reports to the CFTC and for violating a 7 February, 2011, CFTC order directing Newedge to improve the accuracy and timeliness of its large trader reporting. »

Orange fraud sign with magnifying glass

SEC charges life settlements firm and three executives with disclosure and accounting fraud

Thu, 05/01/2012 - 10:00

The Securities and Exchange Commission (SEC) has charged Texas-based financial services firm Life Partners Holdings Inc and three of its senior executives over their involvement in a fraudulent disclosure and accounting scheme involving life settlements. »

Information sign

SEC adopts net worth standard for accredited investors under Dodd-Frank Act

Fri, 23/12/2011 - 10:00

The Securities and Exchange Commission has amended its rules to exclude the value of a person’s home from net worth calculations used to determine whether an individual may invest in certain unregistered securities offerings. The changes were made to conform the SEC’s definition of an “accredited investor” to the requirements of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. »

Judgement hammer

Michigan Federal Court orders Jeffrey L Groendyke and JG Forex Fund to pay over USD1.4m for operating Forex Ponzi scheme

Tue, 20/12/2011 - 17:00

The US Commodity Futures Trading Commission (CFTC) has obtained a federal consent order for permanent injunction against CFTC defendant Jeffrey L Groendyke (doing business as JG Forex Fund) of Middleville, Michigan, requiring him to pay USD963,141 in restitution and a USD420,000 civil monetary penalty. The order also permanently bars Groendyke from engaging in any commodity-related activity, including trading and registering with the CFTC. »

The word "regulation" being read through a magnifying glass

CFTC issues final order amending effective date for swap regulation

Tue, 20/12/2011 - 16:00

The Commodity Futures Trading Commission (CFTC) has issued a Final Order regarding the effective date for swap regulation.  »

orange fraud sign with magnifying glass

SEC charges Madoff employee with falsifying books

Tue, 20/12/2011 - 12:58

The Securities and Exchange Commission today charged a longtime Bernie Madoff employee with falsifying books and records in order to hide Madoff’s fraudulent investment advisory operations from regulators. »

Fraud sign

SEC charges broker for assisting investment adviser's fraud

Tue, 20/12/2011 - 06:00

The Securities and Exchange Commission has filed a civil injunctive action against Stephen M Folan, a former registered representative in the Chicago office of FTN Financial Securities Corp (FTN), for assisting Sentinel Management Group, Inc (Sentinel), a bankrupt former investment adviser, in its fraud against its advisory clients. »

George S Canellos , Director of the New York Regional Office, SEC

SEC charges options trader for illegal short selling tactics

Thu, 15/12/2011 - 10:00

The Securities and Exchange Commission has charged Chicago area options trader Gary S Bell with violating short selling restrictions when he failed to locate and deliver the shares involved in short sales to broker-dealers and their institutional customers. »

Judgement hammer

Former Schottenfeld trader Zvi Goffer settles SEC insider trading charges

Mon, 12/12/2011 - 16:00

The Honourable Jed S Rakoff of the United States District Court for the Southern District of New York has entered a consent judgment against Zvi Goffer in SEC v Galleon Management, LP, et al., 09-CV-8811, an insider trading case the SEC filed on 16 October, 2009. »

Stack of money

CFTC orders Merrill Lynch Commodities to pay USD350,000 for violating cotton futures speculative position limits

Thu, 08/12/2011 - 12:43

Merrill Lynch Commodities, has agreed to pay a USD350,000 civil monetary penalty to settle CFTC charges that it exceeded speculative position limits in Cotton No2 futures contracts in trading on the IntercontinentalExchange U.S. (ICE). MLCI also agreed to cease and desist from further such violations of Section 4a(b)(2) of the Commodity Exchange Act (CEA). »

Lawsuit books and gavel

SEC charges hedge fund manager with multi-million dollar overvaluation scheme

Wed, 07/12/2011 - 06:00

The Securities and Exchange Commission has filed a civil injunctive action in the United States District Court for the Southern District of New York charging two individuals with engaging in a fraudulent scheme to overvalue illiquid asset holdings of the now insolvent hedge fund, Millennium Global Emerging Credit Fund, and thereby inflate the Fund's reported returns and net asset value. »

orange fraud sign with magnifying glass

SEC resolves fraud-based lawsuit against Denver-area company and owner

Tue, 06/12/2011 - 16:00

The United States District Court for the District of Colorado has entered judgments against Richard Dalton and Universal Consulting Resources LLC (UCR) and ordered them to pay USD15,842,948, which includes a civil penalty of USD7,549,458. The Court found that Dalton routinely provided investors with false and materially misleading information about investments contracts known as the Trading Program and the Diamond Program. »

Judgement hammer

CFTC issues interpretation concerning Dodd-Frank anti-fraud authority

Tue, 06/12/2011 - 06:00

The US Commodity Futures Trading Commission (CFTC) has issued an Interpretation that relates to anti-fraud authority provided in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Interpretation is the CFTC’s view of the meaning of the term “actual delivery,” and guidance on how the CFTC will determine if the actual delivery exception applies to a transaction. »

No fraud sign

CFTC charges Gary and Bradley Futch and Tradewind Investments with commodity options fraud

Fri, 02/12/2011 - 10:00

The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action charging Gary Futch and his son, Bradley A Futch and their firm Tradewind Investments, LLC (Tradewind), with commodity options fraud. Tradewind was registered as a Commodity Trading Advisor from February 2008 through June 2009. »

Orange fraud sign

US District Court orders Willie Lee Cloud Jr to pay more than USD5.35m over forex Ponzi scheme

Thu, 01/12/2011 - 14:00

A federal court has entered a default judgment order requiring defendants Willie L Cloud, Jr and his company, C & R Financial, Inc, both of Houston, Texas, to pay restitution of USD280,170.66 and a USD5,070,000 million civil monetary penalty for operating an off-exchange foreign currency (forex) Ponzi scheme. »

Judgement hammer

SEC resolves fraud lawsuit against Chicago-area hedge fund advisor

Thu, 01/12/2011 - 12:24

Judge John F Grady of the US. District Court for the Northern District of Illinois has entered a final judgment against Jeffrey R. Neufeld (Neufeld) and Paridon Capital Management LLC (Paridon) of Elgin, Illinois for defrauding the TCM Global Strategy Fund (TCM Fund or the fund), a hedge fund, and its investors. »

Judgement hammer

CFTC orders London-based Enskilda Futures and Swedish principal to pay USD150,000 civil penalty over supervision violations

Wed, 30/11/2011 - 06:00

The Commodity Futures Trading Commission (CFTC) has issued an order filing and simultaneously settling charges against Enskilda Futures Ltd (EFL), a London-based futures commission merchant (FCM), and Skandinaviska Enskilda Banken AB (SEB) for failing to diligently supervise accounts carried by EFL in violation of CFTC regulation 166.3.  »

No Fraud sign

SEC charges longtime Madoff employee over his role in Ponzi scheme

Wed, 23/11/2011 - 16:00

The Securities and Exchange Commission (SEC) has charged a longtime Bernie Madoff employee with fraud for his role in creating fake trades to facilitate the massive Ponzi scheme. »

Orange Fraud sign with magnifying glass

SEC charges hedge fund adviser and owner over fraudulent conduct

Wed, 23/11/2011 - 13:34

The Securities and Exchange Commission has filed a civil injunctive action against Patrick G Rooney, a resident of Oakbrook, Illinois, and his company, Solaris Management, LLC, the investment adviser to the Solaris Opportunity Fund, LP, for the fraudulent misuse of the fund’s assets and other illegal conduct. »

Orange Fraud sign with magnifying glass

CFTC charges California residents Robert Cannone, Thomas Breen, and Francis Franco over USD1.4m commodity pool fraud

Mon, 21/11/2011 - 16:00

The US Commodity Futures Trading Commission (CFTC) has filed a complaint in federal court in Santa Ana, California, charging defendants Robert J Cannone of Laguna Niguel, Thomas B Breen of San Juan Capistrano, Francis Franco of Anaheim, and their company National Equity Holdings, Inc. of Laguna Niguel, with fraudulently operating a USD1.4 million commodity futures pool and with registration violations. »

features

Special Reports

Cybersecurity for fund managers 2016

Cybersecurity for fund managers 2016

Wed, 13/07/2016 - 23:35

Outlook

Frank Hatheway, Nasdaq

Special Reports

Guide to ETFs for Wealth & Asset Managers
AIFs and UCITS - What's next? Part One

AIFs and UCITS - What's next? Part One

Tue, 14/06/2016 - 12:58

Hedge Fund Technology Innovations 2016

Hedge Fund Technology Innovations 2016

Thu, 09/06/2016 - 11:31

events
5 weeks 6 days from now - New York
6 weeks 7 hours from now - San Francisco
6 weeks 6 days from now - Los Angeles
6 weeks 6 days from now - Hong Kong
listingsdirectory
Eden Rock Capital Management
Wed, 15/06/2016 - 17:30
UBS Global Asset Management
Fri, 06/05/2016 - 14:19
RFA (Richard Fleischman & Associates)
Tue, 05/04/2016 - 14:25
training
Wed, 21/09/2016   - London
Wed, 28/09/2016   - London
Thu, 29/09/2016   - London
specialreports
other gfm publications