The US Commodity Futures Trading Commission has obtained more than USD26m in restitution and civil monetary penalties against defendants Kenneth W. Lee, Simon Yang, Prestige Ventures and Federated Management Group, and relief defendants Sheila Lee, Darren Lee and David Lee.
The US Commodity Futures Trading Commission has obtained a default judgment order requiring FX Professional International Solutions and its principals, Pedro de Sousa and Guillermo Rosario, to pay more than USD4m in civil monetary penalties for issuing false account statements
The US Commodity Futures Trading Commission (CFTC) has filed an anti-fraud enforcement action against defendants David L Ortiz of Vero Beach, Florida, and his companies, Goyep International, Inc, of Vero Beach, Florida, and Royal Returns, Inc, of Hollywood, Florida, charging
The Securities and Exchange Commission has voted unanimously to propose joint rules with the Commodity Futures Trading Commission that would further define a series of terms related to the security-based swaps market. The terms include “swap dealer,” “security-based swap dealer,”
The Securities and Exchange Commission (SEC) has charged a longtime Bernie Madoff employee with fraud for his role in creating fake trades to facilitate the massive Ponzi scheme. The SEC alleges that David Kugel, who worked at Bernard L Madoff
The US Commodity Futures Trading Commission (CFTC) has filed a complaint in federal court in North Carolina, charging defendant Mitchell Brian Huffman of Charlotte, NC, with operating a fraudulent commodity pool scheme that defrauded participants of more than USD3.2 million
The US Commodity Futures Trading Commission (CFTC) has obtained a federal court order freezing the assets of defendant Larry Benny Groover of Gunter, Texas, charged with operating a USD1.4 million foreign currency (forex) Ponzi scheme and misappropriating customer funds for
The US Commodity Futures Trading Commission has obtained a federal court order against William D.
The US Securities and Exchange Commission has instituted public administrative and cease-and-desist proceedings against Thrasher Capital Management and its chief executive officer and managing member, James Perkins. The proceedings were instituted because (i) Thrasher, a SEC-registered investment adviser, failed to
The US Securities and Exchange Commission has charged a Denver-based investment manager and his firm for conducting a multi-million dollar Ponzi scheme through the sale of shares in inv
