CFTC fines U.S. Bank and Oppenheimer for use of unapproved communication methods
The CFTC today issued two orders simultaneously filing and settling charges against U.S. Bank, N.A. and against Oppenheimer & Co.
CFTC News
CFTC secures Court order imposing over $64M in monetary sanctions on Empires Consulting Corp
The Court entered a consent order today imposing a civil monetary penalty against Empires Consulting Corp.
CFTC secures Court order against Erik J. Hass and his company Simply Gains
The U.S. District Court for the District of Oregon entered a consent order for permanent injunction and monetary sanctions against Erik J. Hass and Simply Gains.
Court denies EminiFX investors’ motion to intervene in CFTC action
The New York Southern District Court has denied motion by EminiFX investors to intervene in the lawsuit brought by the CFTC.
CFTC opposes EminiFX investors’ motion to intervene in its action
The Commodity Futures Trading Commission (CFTC) opposes the EminiFX investors’ motion to intervene.
CFTC secures entry of default against owner of Young Emerging Strategies
The Court has granted CFTC’s request for entry of default against Coby Young, owner of Young Emerging Strategies LLC.
Valdas Dapkus and Tradewale ordered to pay $2.8M for Retail FX fraud scheme
Tradewale’s customers in the United States were never able to withdraw funds from their accounts.
Avinash Singh and Highrise Advantage hit with $102M forex fraud judgment
Highrise and Singh collected almost $58 million from investors and feeder funds, but used less than $2.5 million for actual forex trading.
CFTC seeks entry of default against Lions of Forex
The Commodity Futures Trading Commission (CFTC) is pushing for an entry of default in its lawsuit against Lions of Forex LLC.
CFTC asks Court to impose $8.1M fine on FX and binary options fraudster Patrick Wonsey
The CFTC has filed for a default judgment and permanent injunction against FX and binary options fraudster Patrick Wonsey.
