The US Commodity Futures Trading Commission has issued an order filing and simultaneous settling charges against Noble Americas for entering into commodity futures trades and exchange for physical trades in heating oil and gasoline on the New York Mercantile Exchange
The US Commodity Futures Trading Commission has obtained more than USD3.8m in civil money penalties and equitable relief in court orders against Tyrone “Cauzae” McCall and entities he controlled, McCall Business Group and MBG Global, both of Charlotte, North Carolina.
The US Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against commodity pool operator D E Shaw & Co of New York, for exceeding speculative position limits in soybean and corn futures contracts in trading on the
The Depository Trust & Clearing Corporation (DTCC) has expressed continued support for legislation that would resolve issues surrounding the indemnification provisions and confidentiality requirements of the Dodd-Frank Act. During a hearing of the House Financial Services Subcommittee on Capital
A federal jury in Charlotte has convicted certified public accountant Jonathan D Davey, 48, of Newark, Ohio, of four criminal charges relating to a hedge fund investment fraud conspiracy. The federal indictment, returned in February 2012, charged Davey with serving
The US Commodity Futures Trading Commission has filed an enforcement action charging Perry Jay Griggs, a convicted felon and current fugitive, and his wife, Rachelle Griggs, most recently from Las Vegas, and their company, Aloha Trading, with operating a multi-million
UBS AG (UBS) is to pay a USD15 million civil monetary penalty and to undertake remedial relief to settle CFTC charges of attempted manipulation and spoofing of the precious metals futures markets. A CFTC order finds that that from January 2008
The Securities and Exchange Commission has adopted a final rule that streamlines the process for rulemaking by clearing agencies that are registered with both the SEC and the Commodity Futures Trading Commission (CFTC). The final rule amends an interim
The US Department of Labor has sued Beacon Associates Management, Andover Associates Management, Ivy Asset Management, J.P. Jeanneret Associates and the principals of the four companies for causing dozens of pension, health and other employee benefit plan clients to lose
Irving H Picard, SIPA trustee for the liquidation of Bernard L Madoff Investment Securities, is currently distributing approximately USD506.2m on a pro rata basis to BLMIS account holders with allowed claims. This third interim distribution brings the amount distributed
