The US Commodity Futures Trading Commission has settled charges against EMF Financial Products, a CFTC registrant based in New York, for making false statements and failing to disclose material information concerning its market positions and financing to the Chicago Board
The US Commodity Futures Trading Commission has obtained a consent order against Michael Kourmolis of Brooklyn, New York, permanently prohibiting him from engaging in any activity related to trading any commodity interests, including soliciting funds, registering with the CFTC and
A federal court has entered an order freezing assets held by defendant David A. Owen, of Destin, Florida following a Commodity Futures Trading Commission anti-fraud enforcement action filed on 30 October 2009. The action in the US District Court for
The Securities and Exchange Commission has obtained an emergency asset freeze and court order to halt an ongoing securities fraud being orchestrated by Robert C Butler of Bermuda Dunes, Calif. The SEC alleges that from January 2009 to March 2011,
The Alternative Investment Management Association has reiterated its support for the registration of hedge fund managers in the US and for the reporting of systemically relevant information by larger managers to national authorities in the interests of financial stability. The
The CFTC has secured a court order requiring two commodity pool operators and their principal Michael J Siegel to pay restitution of USD104,684.47, disgorgement of USD86,503.36, and a civil monetary of USD259,510.08 over the misappropriation of funds. The commodity
MF Global Holdings (MFGH) is to pay USD1.212 billion to settle CFTC charges relating to the misuse of customer funds and related supervisory failures by subsidiary MF Global Inc (MFGI). The CFTC previously filed and settled charges against MFGI for
The US Commodity Futures Trading Commission (CFTC) has extended the no-action relief granted in CFTC Letter 14-27 to Eurex Clearing AG (Eurex Clearing) and its US clearing members. In the time-limited no-action letter, the CFTC states that it will not recommend
The Royal Bank of Canada (RBC) is to pay a USD35 million penalty for engaging in more than 1,000 illegal wash sales, fictitious sales, and noncompetitive transactions over a three-year period. US Commodity Futures Trading Commission (CFTC) Director of
Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA) AlphaMetrix is to pay USD5.6 million in restitution and penalties to settle US Commodity Futures Trading Commission (CFTC) charges. A court order requires AlphaMetrix to pay restitution of USD2.8 million and
