US Legal & Regulation

The US Commodity Futures Trading Commission has filed a civil enforcement action charging defendant Feisal Sharif of Branford, Connecticut with operating a commodity pool Ponzi scheme that solicited approximately USD5.4m from at least 50 people to invest in a commodity pool named First Financial. »

The Commodity Futures Trading Commission’s division of clearing and risk (DCR) has issued a time-limited, no-action letter granting relief from required clearing for certain swaps entered into by qualifying cooperatives. »

The Honourable Paul G Gardephe has entered consent judgments in the SEC’s case against Berton M Hochfeld and Hochfeld Capital Management, ordering injunctions, asset freezes, the appointment of a receiver, and other preliminary relief. »

The US Commodity Futures Trading Commission has charged Michael Anthony Jenkins of Raleigh, North Carolina, and his company, Harbor Light Asset Management (HLAM), with operating a Ponzi scheme for the purpose of trading E-mini S&P 500 futures contracts.  »

The US Commodity Futures Trading Commission has filed and simultaneously settled charges against Cantor Fitzgerald of New York, a registered futures commission merchant, for failing to maintain sufficient funds in its customer segregation account for a period of three days, for failing to provide the CFTC timely notice of its under-segregation and for related supervisory failures.    »

The Commodity Futures Trading Commission’s division of swap dealer and intermediary oversight and division of market oversight have issued a letter providing swap dealers with time-limited no-action relief from certain requirements of the CFTC’s swap data reporting rules. »

The Securities and Exchange Commission has charged JP Morgan Securities and affiliated entities with misleading investors in offerings of residential mortgage-backed securities (RMBS). »

The Financial Industry Regulatory Authority (FINRA) has increased transparency in the so-called “To-Be-Announced” (TBA) market for agency pass-through mortgage-backed securities. »

Linedata, a solutions provider dedicated to the investment management and credit industries, has launched a new version of Linedata Mshare investor accounting and administration solution. »

The Securities and Exchange Commission (SEC) has charged a South Florida man with defrauding at least 14 investors by soliciting them to invest in a Ponzi scheme. »