North America http://www.hedgeweek.com/taxonomy/term/62/all en CFTC charges Haena Park and her companies with misappropriation and fraud http://www.hedgeweek.com/2016/06/06/240236/cftc-charges-haena-park-and-her-companies-misappropriation-and-fraud <p><strong><em>The US CFTC has charged&nbsp;Haena Park (Park) and her companies Phaetra Capital GP, a/k/a/ Argenta Capital GP LLC, Phaetra Capital Management LP, a/k/a Argenta Capital LLC, and Argenta Group LLC, with fraudulently operating a commodity pool and misappropriation of pool participants&rsquo; assets.&nbsp;</em></strong></p> <p><a href="http://www.hedgeweek.com/2016/06/06/240236/cftc-charges-haena-park-and-her-companies-misappropriation-and-fraud" target="_blank">read more</a></p> North America Legal & Regulation Mon, 06 Jun 2016 08:08:18 +0000 240236 at http://www.hedgeweek.com Bitcoin exchange Bitfinex hit with USD75,000 CFTC penalty http://www.hedgeweek.com/2016/06/03/240191/bitcoin-exchange-bitfinex-hit-usd75000-cftc-penalty <p><strong><em>The US CFTC has ordered Hong Kong-based bitcoin exchange, BFXNA Inc (Bitfinex) to pay a USD75,000 civil penalty for offering illegal off-exchange financed retail commodity transactions in bitcoin and other cryptocurrencies.</em></strong></p> <p><a href="http://www.hedgeweek.com/2016/06/03/240191/bitcoin-exchange-bitfinex-hit-usd75000-cftc-penalty" target="_blank">read more</a></p> North America Legal & Regulation Fri, 03 Jun 2016 08:23:15 +0000 240191 at http://www.hedgeweek.com CFTC takes ‘significant step’ towards finalising rules on position limits http://www.hedgeweek.com/2016/05/27/240006/cftc-takes-%E2%80%98significant-step%E2%80%99-towards-finalising-rules-position-limits <p><em><strong>CFTC Chairman Timothy Massad&nbsp;(pictured) comments on the supplemental proposal on position limits for derivatives&hellip;</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/05/27/240006/cftc-takes-%E2%80%98significant-step%E2%80%99-towards-finalising-rules-position-limits" target="_blank">read more</a></p> North America Fri, 27 May 2016 09:34:06 +0000 mkitchen 240006 at http://www.hedgeweek.com Cunningham Commodities and Salvatore Carmen Russo pay USD150,000 to settle CFTC charges http://www.hedgeweek.com/2016/05/10/239314/cunningham-commodities-and-salvatore-carmen-russo-pay-usd150000-settle-cftc-charge <p><strong><em>The US Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Cunningham Commodities, LLC (Cunningham), a registered Futures Commission Merchant (FCM) based in Chicago, Illinois.&nbsp;</em></strong></p> <p><a href="http://www.hedgeweek.com/2016/05/10/239314/cunningham-commodities-and-salvatore-carmen-russo-pay-usd150000-settle-cftc-charge" target="_blank">read more</a></p> North America Legal & Regulation Tue, 10 May 2016 08:12:06 +0000 239314 at http://www.hedgeweek.com Nathan Schleifer and Galileo Trading to pay more than USD1.6m to settle CFTC commodity futures fraud charges http://www.hedgeweek.com/2016/04/13/238398/nathan-schleifer-and-galileo-trading-pay-more-usd16m-settle-cftc-commodity-futures <p><strong><em>Nathan Schleifer and his company, Galileo Trading, LLC (Galileo) are to pay more than USD1.6 million to settle US Commodity Futures Trading Commission (CFTC) charges that they fraudulently solicited customers to trade commodity futures.</em></strong></p> <p><a href="http://www.hedgeweek.com/2016/04/13/238398/nathan-schleifer-and-galileo-trading-pay-more-usd16m-settle-cftc-commodity-futures" target="_blank">read more</a></p> North America Wed, 13 Apr 2016 08:04:34 +0000 238398 at http://www.hedgeweek.com JPMorgan Ventures Energy Corp and JPMorgan Chase Bank to pay a USD225,000 to settle CFTC physical commodity swap positions charges http://www.hedgeweek.com/2016/03/23/237771/jpmorgan-ventures-energy-corp-and-jpmorgan-chase-bank-pay-usd225000-settle-cftc-ph <p><strong><em>The US Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against JPMorgan Ventures Energy Corp. (JPMVE) and JPMorgan Chase Bank for failing to comply with their obligations to submit accurate large trader reports (LTRs) for physical commodity swap positions, in violation of Section 4s(f) of the Commodity Exchange Act (CEA) and CFTC Regulations 20.4 and 20.7.&nbsp;</em></strong></p> <p><a href="http://www.hedgeweek.com/2016/03/23/237771/jpmorgan-ventures-energy-corp-and-jpmorgan-chase-bank-pay-usd225000-settle-cftc-ph" target="_blank">read more</a></p> North America Wed, 23 Mar 2016 16:41:51 +0000 237771 at http://www.hedgeweek.com Credit Suisse to pay USD665,000 penalty to settle CFTC charges http://www.hedgeweek.com/2016/03/23/237743/credit-suisse-pay-usd665000-penalty-settle-cftc-charges <p><strong><em>Credit Suisse is to pay penalties totalling USD650,000 to settle charges that London-based Credit Suisse International exceeded the CFTC all-months speculative position limit for the Chicago Board of Trade (CBOT) wheat futures contracts in April and June 2009, despite having been granted an increased hedge exemption by the CFTC.</em></strong></p> <p><a href="http://www.hedgeweek.com/2016/03/23/237743/credit-suisse-pay-usd665000-penalty-settle-cftc-charges" target="_blank">read more</a></p> North America Wed, 23 Mar 2016 09:46:34 +0000 237743 at http://www.hedgeweek.com Equinox Fund Management to pay over USD5.65m to settle CFTC charges http://www.hedgeweek.com/2016/03/17/237573/equinox-fund-management-pay-over-usd565m-settle-cftc-charges <p><strong><em>Commodity Pool Operator (CPO) Equinox Fund Management is to pay a USD250,000 penalty and disgorgement of USD5,404,004 to settle CFTC charges that it made misstatements and omissions in disclosure documents and reports for the Frontier Fund (TFF).</em></strong></p> <p><a href="http://www.hedgeweek.com/2016/03/17/237573/equinox-fund-management-pay-over-usd565m-settle-cftc-charges" target="_blank">read more</a></p> North America Thu, 17 Mar 2016 16:37:07 +0000 237573 at http://www.hedgeweek.com CFTC charges two binary options firms with fraud http://www.hedgeweek.com/2016/03/16/237498/cftc-charges-two-binary-options-firms-fraud <p><strong><em>The US Commodity Futures Trading Commission (CFTC) has charged two foreign web-based binary options firms, Vault Options, Ltd (Vault) and Global Trader 365 (GT 365), both Israeli web-based companies with fraud.</em></strong></p> <p><a href="http://www.hedgeweek.com/2016/03/16/237498/cftc-charges-two-binary-options-firms-fraud" target="_blank">read more</a></p> North America Wed, 16 Mar 2016 09:19:30 +0000 237498 at http://www.hedgeweek.com Banc de Binary, ET Binary Options, BO Systems, BDB Services, and Oren Shabat Laurent to pay more than USD9m for violating CFTC off-exchange binary options trading ban http://www.hedgeweek.com/2016/03/10/237345/banc-de-binary-et-binary-options-bo-systems-bdb-services-and-oren-shabat-laurent-p <p><strong><em>The US Commodity Futures Trading Commission (CFTC) today announced that a federal court in Las Vegas, Nevada, issued a Consent Order requiring Defendants</em></strong></p> <p><a href="http://www.hedgeweek.com/2016/03/10/237345/banc-de-binary-et-binary-options-bo-systems-bdb-services-and-oren-shabat-laurent-p" target="_blank">read more</a></p> North America Thu, 10 Mar 2016 16:42:45 +0000 237345 at http://www.hedgeweek.com CHS Inc and CHS Hedging pay USD1m for inaccurately reporting positions in corn and soybeans http://www.hedgeweek.com/2016/03/10/237323/chs-inc-and-chs-hedging-pay-usd1m-inaccurately-reporting-positions-corn-and-soybea <p><em><strong>The US Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against CHS, Inc (CHS) over the inaccurate reporting of positions in corn and soybean purchases and sales, in violation of the reporting requirements in CFTC Regulation 19.01. CHS is based in Inver Grove Heights, Minnesota.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/03/10/237323/chs-inc-and-chs-hedging-pay-usd1m-inaccurately-reporting-positions-corn-and-soybea" target="_blank">read more</a></p> North America Thu, 10 Mar 2016 09:51:17 +0000 237323 at http://www.hedgeweek.com ESMA resumes US CCP recognition process following EU-US agreement http://www.hedgeweek.com/2016/02/11/236429/esma-resumes-us-ccp-recognition-process-following-eu-us-agreement <p><strong><em>The European Securities and Markets Authority (ESMA) has welcomed the common approach adopted by the European Commission and the US Commodity Futures Trading Commission (CFTC) on the equivalence of central counterparty (CCP) regimes.</em></strong></p> <p><a href="http://www.hedgeweek.com/2016/02/11/236429/esma-resumes-us-ccp-recognition-process-following-eu-us-agreement" target="_blank">read more</a></p> North America Europe Deals and Transactions Thu, 11 Feb 2016 08:56:09 +0000 236429 at http://www.hedgeweek.com Barclays, Credit Suisse charged with dark pool violations http://www.hedgeweek.com/2016/02/01/236041/barclays-credit-suisse-charged-dark-pool-violations <p><em><strong>Barclays Capital&nbsp;and Credit Suisse Securities (USA) have agreed to settle separate SEC cases finding that they violated federal securities laws while operating alternative trading systems known as dark pools and Credit Suisse&rsquo;s Light Pool.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/02/01/236041/barclays-credit-suisse-charged-dark-pool-violations" target="_blank">read more</a></p> North America Mon, 01 Feb 2016 09:21:12 +0000 236041 at http://www.hedgeweek.com Steven A Cohen barred from supervisory hedge fund role for two years http://www.hedgeweek.com/2016/01/09/235323/steven-cohen-barred-supervisory-hedge-fund-role-two-years <p><em><strong>Steven A Cohen has been prohibited from supervising hedge funds that manage outside money for two years after reaching a settlement with the SEC over charges that he failed to supervise a portfolio manager who engaged in insider trading while employed at his firm.&nbsp;&nbsp;</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/01/09/235323/steven-cohen-barred-supervisory-hedge-fund-role-two-years" target="_blank">read more</a></p> North America Sat, 09 Jan 2016 08:53:48 +0000 mkitchen 235323 at http://www.hedgeweek.com Oversight of the derivatives market clearly 'not a priority' http://www.hedgeweek.com/2015/12/22/235009/oversight-derivatives-market-clearly-not-priority <p><em><strong>The failure to provide the CFTC even a modest increase in the fiscal year 2016 budget agreement sends a clear message that meaningful oversight of the derivatives markets, and the very types of products that exacerbated the global financial crisis, is not a priority, says CFTC chairman Timothy Massad&hellip;</strong></em></p> <p><a href="http://www.hedgeweek.com/2015/12/22/235009/oversight-derivatives-market-clearly-not-priority" target="_blank">read more</a></p> North America Tue, 22 Dec 2015 09:26:28 +0000 mkitchen 235009 at http://www.hedgeweek.com