The US Commodity Futures Trading Commission has obtained more than USD6.75m in civil monetary penalties and equitable relief in a court order against American Derivatives, Brokerage Management, Layne D. Gerstel and Devereaux D. Booth, all of Atlanta, Georgia, and David
North Carolina hedge fund manager James Alexander Shepherd has agreed to plead guilty to charges that he defrauded investors of approximately USD6m. According to filed court documents and court proceedings, beginning in 2006 and through the spring of 2013,
The Securities and Exchange Commission has charged Chicago area options trader Gary S Bell with violating short selling restrictions when he failed to locate and deliver the shares involved in short sales to broker-dealers and their institutional customers. Bell agreed
The US Commodity Futures Trading Commission (CFTC) has announced that a federal court in Los Angeles entered a restraining order against defendants The Trade Tech Institute, Inc (Trade Tech), Technology Trading International, Inc (Tech Trading), Robert Sorchini and Richard Carter,
The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action charging defendants Jeremy Munson Globe and GlobeFX Club, Inc (GFC), both of Homestead, Florida., with making false, fictitious or fraudulent statements or omissions to the National Futures Association
The US Commodity Futures Trading Commission (CFTC) has charged Gary D Martin and his wife, Brenda K Martin of St. Augustine, Fla. (collectively, the Martins), and their company, Queen Shoals Consultants, LLC (QSC), of Charlotte, NC, with defrauding customers of
The Honourable Jed S Rakoff of the United States District Court for the Southern District of New York has entered a consent judgment against Zvi Goffer in SEC v Galleon Management, LP, et al., 09-CV-8811, an insider trading case the SEC
The US Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against Mark Adrian of Delray Beach, Florida, for his role in issuing false statements to customers in a fraudulent foreign currency (forex) scheme. The CFTC order requires
Irving H Picard, the Trustee for the liquidation of Bernard L Madoff Investment Securities LLC (BLMIS), has filed an amended complaint in the United States District Court for the Southern District of New York against JPMorgan Chase & Co., JPMorgan
The US Commodity Futures Trading Commission (CFTC) has obtained a federal court order requiring defendants Richmond Hamilton, Jr, and Raleigh Capital Management, Inc (RCM), a Chicago-based registered commodity pool operator, to pay jointly and severally a USD3,015,000 civil monetary penalty.
