The United States District Court for the Eastern District of Pennsylvania has entered a judgment against Defendant Alfred Clay Ludlum, III in the matter captioned Securities and Exchange Commission v. Alfred Clay Ludlum, III, et al., Civil Action No.10-cv-7379 (E.D.
Andre Flotron, a former precious metals trader for UBS AG, is to pay a USD100,000 civil monetary penalty for spoofing and engaging in a deceptive or manipulative scheme through his spoofing in violation of the Commodity Exchange Act (CEA) and
A New York federal court has ordered New York trading firm Gelfman Blueprint and its Chief Executive Officer Nicholas Gelfman to pay over USD2.5 million in civil monetary penalties and restitution in what is the first anti-fraud enforcement action involving
The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action in the US District Court for the Central District of California, charging Michael J Leighton of Torrance, California, with solicitation fraud and issuing false statements in connection with the operation
The UK’s Takeover Panel is organising two seminars concerning the new Disclosure Rules on Dealings in Derivatives and Options. The seminars are being held in the in
The United States District Court for the District of Nebraska this week entered a consent order of permanent injunction settling the CFTC’s charges against Commercial Hedge Services, Inc (
The CFTC has Charged Stuart Pippin of Pippin Investments with fraud for issuing false trading results to pool participants. Gregory G.
The US-based Hedge Fund Association has launched a regional chapter for the north-eastern US, providing organisational and financial resources for member programmes in New York, Connecticu
The US Commodity Futures Trading Commission (CFTC) has obtained two federal court consent orders of permanent injunction against Ronald E Satterfield and Nicholas and Patricia Bos. One order requires defendant Ronald E Satterfield, of Charleston, SC, to pay USD957,146 of restitution
Attorneys from Houston’s Ahmad, Zavitsanos & Anaipakos are representing a group of investors in a lawsuit filed against hedge fund auditors Ernst & Young after the group lost more than USD17m following the collapse of a Plano, Texas-based hedge fund
