The Securities and Exchange Commission has charged a pair of purported money managers with orchestrating an illegal “free-riding” scheme of selling stocks before they paid for them and netting USD600,000 in illicit profits. The SEC alleges that Florida residents Scott
The US Commodity Futures Trading Commission (CFTC) has filed a complaint in the US District Court for the Northern District of Texas, Dallas Division, charging Linda Faye Harris, Chance Domel Harris, CDH Forex Investments, LLC and CDH Global Holdings, LLC,
The Securities and Exchange Commission (SEC) has charged Citigroup Global Markets Inc (Citigroup), the principal US broker-dealer subsidiary of Citigroup Inc., with misleading investors about a USD1 billion collateralised debt obligation (CDO) called Class V Funding III (Class V III).
The US Commodity Futures Trading Commission has charged Kuen Cheol Song, a citizen of Singapore, with engaging in fictitious transactions and trading non-competitively in violation of the Commodity Exchange Act and CFTC regulations. Song has never been registered with the
Judge Anthony J Battaglia of the US District Court for the Southern District of California has entered a consent order of permanent injunction against Scott Bottolfson and Spirit Investments, Inc (Spirit), both of Encinitas, Calif, and Increase Investments, Inc (Increase)
New York Attorney General Eliot Spitzer will be the keynote speaker on 3 March 2003 at a meeting organised by the Wall Street Hedge Fund Forum, a newly organised industr
The US Commodity Futures Trading Commission has obtained more than USD4.6m in disgorgement and civil monetary penalties in a court order settling CFTC charges filed on 11 March 2009 against Virginia-based defendants. The defendants are John M. Donnelly, Tower Analysis
The US Commodity Futures Trading Commission has obtained more than USD4m in restitution and civil monetary penalties in an order entered by the US District Court for the Northern Division of Georgia against defendants Lake Dow Capital and Ty Edwards,
The SEC announced that, on 30 September, 2011, the Honourable Jed S Rakoff, United States District Judge, United States District Court for the Southern District of New York, entered a Final Judgment on Consent as to Steven Fortuna in the
Irving H Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L Madoff Investment Securities LLC (BLMIS), is seeking approval of a recovery agreement with Senator Fund SPC, a Cayman Islands incorporated investment fund invested exclusively with
