A federal judge in Rhode Island has granted the Securities and Exchange Commission’s motion for summary judgment and entered final judgments against Locke Capital Management, Inc, an investment adviser based in Newport, Rhode Island and New York City, and Leila

The US Commodity Futures Trading Commission (CFTC) has charged Flint-McClung Capital LLC (FMC) of Englewood, Colo., and Shawon McClung of Denver, Colorado, with fraud and misappropriation in an off-exchange foreign currency (forex) Ponzi scheme in which defendants allegedly fraudulently solicited

The Securities and Exchange Commission announced today that on June 6, 2011, the Honorable Dale A. Kimball of the United States District Court for the District of Utah granted the SEC’s motion for summary judgment and entered final judgment against

The Securities and Exchange Commission has filed an emergency enforcement action to halt a fraudulent scheme being conducted by John Clement of Encinitas, California, and his company Edgefund Capital LLC. The SEC alleges that Clement ran a purportedly profitable day

The US Commodity Futures Trading Commission (CFTC)has filed charges against two air traffic controllers, Louis J Giddens, Jr of Fayetteville, Ga, and Anthony W Dutton of Peachtree City, Ga, as well as commodity trader Michael Gomez of Valrico, Fla, for

Sapient Global Markets has completed a new industry standard for cleared OTC derivatives related activity reporting for asset managers, futures commission merchants (FCMs) and custodians. The Clearing Connectivity Standard (CCS) is a standardised connectivity format that can be used by

Adley H Abdulwahab, 35, of Houston, has been convicted by a federal jury for his role in a USD100 million fraud scheme with more than 800 victims across the United States and Canada.   The conviction was announced by United

The Commodity Futures Trading Commission has approved a proposed order that would exempt certain non-financial energy derivative transactions between and amongst government-owned electric utilities and cooperatively-owned electric utilities from most of the requirements of the Commodity Exchange Act. The entities

New York residents Raj Rajaratnam and Danielle Chiesi have been charged with a 17-count indictment involving conspiracy and securities fraud crimes stemming from their alleged involvement in the largest hedge fund insider trading case in history. Rajaratnam was the managing

The US Commodity Futures Trading Commission (CFTC) has filed a complaint in the US District Court for the Northern District of Texas, against GID Group, Inc. (GID), a Texas corporation, and its agents and officers, brothers Rodney and Roger. The