The US Commodity Futures Trading Commission has issued an order imposing a USD1m penalty against Craig A. Riley of Ladera Ranch, California and his firm Pressio Capital Management for fraudulently operating a commodity pool and misappropriating pool participant funds.
The US Commodity Futures Trading Commission has obtained an emergency federal court order freezing the assets of defendants Jay C. Nolan of Wilmette, Ill. and his company Lodge Capital Group, an Illinois limited liability company based in Northfield, Ill. The
Minnesota federal Chief Judge Michael J. Davis has incarcerated US Commodity Futures Trading Commission defendant Trevor G. Cook for violating the court’s asset freeze order against him by dissipating funds and failing to surrender more than USD35m in assets. The
Deutsche Bank is to pay USD800 million to settle US Commodity Futures Trading Commission (CFTC) charges that it routinely engaged in acts of false reporting and attempted manipulation. The CFTC order also states that, at times, Deutsche Bank succeeded in
The US Commodity Futures Trading Commission has issued an order filing and settling charges against Scotia Capital for pre-arranging trades in the natural gas futures contract on the New York Mercantile Exchange during November and December 2006. The CFTC order
The Securities and Exchange Commission has charged two California investment advisory firms for engaging in improper short selling of securities in advance of their participation in a company’s secondary offering. These mark the first cases filed under the SEC’s amended
The US Commodity Futures Trading Commission (CFTC) and the Australian Prudential Regulation Authority (APRA) have signed a Memorandum of Understanding (MOU) on the supervision of cross-border regulated firms. The agreement, which was signed by CFTC chairman Tim Massad and his
The US Commodity Futures Trading Commission has obtained a preliminary injunction against Matthew B. Pizzolato, formerly of Tickfaw, Louisiana, William C. Guidry of Plano, Texas, and Capital Funding Consultants of Covington, Louisiana. The CFTC charged the defendants in November 2009
The Commodity Futures Trading Commission (CFTC) has adopted amendments to its regulations regarding the electronic filing of financial reports and notices by futures commission merchants (FCMs) and introducing brokers (IBs) as well as certain other of its financial reporting requirements.
The US Commodity Futures Trading Commission has filed and settled charges against MF Global, a registered futures commission merchant, and its predecessor corporation Man Financial, relating to risk supervision failures in four separate instances between 2003 and 2008. The CFTC
