Hedge Fund Law Firm creates NFA required self-examination checklists to assist all types of CFTC registered managers. The checklists can be downloaded online at http://www.hedgefundlawblog.com/
San Francisco, CA (PRWEB) February 9, 2010 — In an effort to better serve firms registered with the Commodity Futures Trading Commission (“CFTC”), Mallon P.C. has developed a set of easy-to-use [...]
$85 Million Forex Ponzi Scheme
The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed an action in federal court in San Francisco charging SNC Asset Management, Inc., (SNC Asset) and SNC Investments, Inc., (SNC Investments), both of Pleasanton, California (collectively SNC), and Chief Executive Officer Peter Son and Chief Financial Officer Jin K. [...]
The CFTC is cracking down on commodity trading advisors who are sloppy in their back end operations. CTAs need to be especially careful to make sure that their back end operations are appropriately monitored.
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Release: 5631-09
For Release: March 11, 2009
CFTC Sanctions Chicago-based Walsh Trading Inc. $50,000 for Failing to Supervise an Employee’s Handling of Customer Accounts
The [...]
(www.hedgefundlawblog.com)
Creating Series 34 Exam Prep Materials
One central issue in the investment management industry is increases in regulation of previously unregulated or lightly regulated activities. The major area which will see direct regulation within the next 12 months is the retail off-exchange foreign currency industry. As we have discussed, forex managers and those parties which solicit [...]
Ponzi Schemes Included Classic Forex Frauds
I have reprinted the following releases from the CFTC website. It is obvious the CFTC has had their hands full as more and more Ponzi schemes come to light.
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Release: 5635-09
For Release: March 18, 2009
CFTC Charges North Carolina Foreign Currency Firm Barki, LLC and Its Recently Deceased Principal Bruce C. Kramer [...]
Release: 5607-09
For Release: February 4, 2009
CFTC Launches New Monthly Report
Report Will Enhance Market Transparency and Promote Protection of Market Participants
Washington, D.C. – The Commodity Futures Trading Commission (CFTC) announced today that it has launched, on a six-month trial basis, a new monthly report: “This Month in Futures Markets.” The report, produced by the Commission’s Office [...]
Release: 5606-09
For Release: January 27, 2009
CFTC Charges Nicholas Cosmo and Agape Companies with Defrauding Customers of Tens of Millions of Dollars in Commodity Futures Trading Scheme
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today filed a federal law suit against Nicholas Cosmo of Lake Grove, New York, Agape World, Inc., (Agape World), and [...]
This release comes from the CFTC and involves a fraudulent commodity hedge fund.
Release: 5590-08
For Release: December 22, 2008
Florida Resident Joerg Heierle and Swiss Corporation INH-Interholding SA Ordered to Pay More Than $9 Million in Restitution and Penalties in CFTC Commodity Pool Anti-Fraud Action
Relief Defendant Futures Trading Academy, Inc. Ordered to Disgorge More Than $420,000 in [...]