Commodities
Commodities: Bunge jumps into hot water with CFTC
The USA's Commodity Futures Trading Commission (CFTC) has simultaneously filed and settled a claim against Bunge Global Markets, Inc. over action that caused "non-bona fide prices" to be reported in relation to soya bean futures. Does that simply mean "false?"
Commodities: CFTF penalty against Hernando Chovil
The U.S. Commodity Futures Trading Commission (CFTC) today filed and simultaneously settled a claim that Hernando Chovil of McLean, Virginia, USA., committed fraud in connection with operating a commodity pool - in a case that demonstrates that there is no de minimis figure below which regulators will not dip when pursuing a case.
Commodities: USD46.9 Million penalties levied in commodity pool fraud
The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court order imposing more than USD46.9 million in restitution and civil monetary penalties on Robert D. Bame of Moreno Valley, Calif., and his firm, Forward Investment Group, LLC (Forward) of Santa Monica, Calif. The order requires the defendants to pay restitution of USD16,038,568.68 and a USD30,887,006 civil monetary penalty for commodity pool fraud.
Trading: bullion company and officers charged with USD5.5 million fraud
The U.S. Commodity Futures Trading Commission (CFTC) has filed a civil complaint against defendants Ryan A. Nassbridges of Laguna Niguel, Calif., and American Bullion Exchange ABEX, Corp. (ABEX Corp) and American Bullion Exchange, LLC (ABEX LLC), both of Irvine, Calif., alleging "fraudulent solicitation" and misappropriation in connection with a precious metals futures and options fraud.
Futures: USA's Commodity Futures Trading Commission to hold public meeting
Staff of the Commodity Futures Trading Commission (CFTC) will hold a public roundtable on 2 December, 2010, from 9:30 am to 3:30 pm to discuss issues related to disruptive trading practices.
Commodities: Court orders return of passport to fund director
It may be, on the face of it, a small victory but, for Roger Munro, the former owner and director of collapsed futures trader RG Munro Futures Pty Ltd and its associated US company, getting his passport back is important, even though he cannot use it without permission.
Commodities: USD41.2 million penalties in USA's CFTC case
The USA's Commodity Futures Trading Commission has obtained orders in a federal court under which Daren L Palmer and his company Trigon Group LLC of Idaho surrender sums obtained from victims and pay penalties totalling USD41.2 million.
Commodities: USA's CFTF charges Italian with illegal trading
The USA's Commodity Futures Trading Commission has charged an Italian citizen, Carmine Garofalo, with options fraud, engaging in fictitious transactions and breaching CFTF regulations. He is also charged with trading noncompetitively in violation of the Commodity Exchange Act and CFTC regulations.