The Commodity Futures Trading Commission has filed a civil enforcement action against defendants Q3 Holdings, and Q3 I, and their principal, Michael Ackerman for fraudulently soliciting over USD33 million to purportedly trade digital assets and misappropriating a substantial portion of
International law firm Sullivan & Worcester has appointed Jennifer Pastarnack as a partner to lead its firmwide Global Debt and Claims Trading practice in New York.“At Sullivan, client relationships are at the core of our success. Jennifer brings that same
By Ian Gobin (pictured) & Philip Graham – 2020 is a presidential election year in the US. Economists generally forecast a period leading up to it which avoids any major US financial market upsets. However, this time it’s building up to
The Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against Catalyst Capital Advisors, of Huntington, New York, and its CEO, Jerry Szilagyi, for materially misleading statements made by Catalyst and one of its portfolio managers,
The US Securities and Exchange Commission has canceled its meeting to vote on proposed rule changes to its whistleblower program. According to the SEC’s open meeting website, the meeting, previously scheduled for October 23rd, is “Cancelled.” It is reported that
The US Securities and Exchange Commission (SEC) is neeting on Wednesday 23 October to vote on proposed changes to the SEC’s highly successful Dodd-Frank Act whistleblower reward program. If approved, the proposed changes will destroy vital whistleblower protections, undermine the
Glencore Agriculture, located in Rotterdam, the Netherlands, and Glencore Ltd of Stamford, Connecticut are to pay a USD2 million CFTC penalty for exceeding cotton futures position limits. A CFTC Order finds that on multiple trading days during May 2013, June
The Commodity Futures Trading Commission (CFTC) has issued a statement regarding manufactured credit events in connection with credit default swaps (CDS). The CFTC statement says: ”The CDS market functions based on the premise that firms referenced in CDS contracts seek
The US Commodity Futures Trading Commission announced today that it issued orders filing and settling charges against two interdealer brokers – BGC Financial, LP and GFI Securities, LLC. The orders find that brokers employed by BGC and GFI on
US Commodity Futures Trading Commission Chairman Heath P Tarbert has announced the following appointments to the CFTC’s executive leadership team. Summer K Mersinger will serve as Director of the Office of Legislative and Intergovernmental Affairs, while Suyash G Paliwal will
