09/28/2000
CFTC FILES ENFORCEMENT ACTIONS CHARGING FRAUDULENT SOLICITATION OF CUSTOMERS AGAINST TWO FLORIDA INTRODUCING BROKERS, MATRIX TRADING GROUP, INC. AND FIRST FINANCIAL TRADING, INC.; CFTC Also Charges Fraud Against Five Current and Former Principals and Employees of the Companies -- Christopher Smithers and David Wedeen of Matrix, and Corey Johnson, Scott Dewitte and Thomas Glover, II, of First Financial
09/28/2000
CFTC FILES ADMINISTRATIVE COMPLAINT AGAINST CTS FINANCIAL PUBLISHING, DEARBORN FINANCIAL PUBLISHING, DENNIS BLITZ, AND NICK VAN NICE ALLEGING FRAUD; Complaint Alleges that Respondents Fraudulently Marketed Commodity Futures and Options Trading-Related Products and that CTS Operated and Maintained an Internet Site that Promoted a Product Called <i>Swing Trader,</i> in Violation of Federal Commodity Law
09/27/2000
CFTC FILES ENFORCEMENT ACTION ALLEGING THE FRAUDULENT PROMOTION OF COMMODITY TRADING METHODOLOGY OVER THE INTERNET; CFTC Alleges that Rabb Sabin and Art Smith, Both of California, Fraudulently Misrepresented the Profitability and Performance of Their Internet Website’s Trading Methodology and Their Backgrounds and Trading Histories
09/27/2000
TENNESSEE DISTRICT COURT ENTERS CONSENT ORDER OF PERMANENT INJUNCTION AGAINST EDWIN JAY SHELDON AND APPLIED CAPITAL MANAGEMENT, LLC (ACM) IN COMMODITY POOL FRAUD CASE; The Consent Order Requires Sheldon and ACM to Make Full Restitution to Investors of Up to Approximately $334,000
09/27/2000
CFTC ACCEPTS SETTLEMENT OFFER OF FORMER REFCO FLOOR BROKER LISA BUDICAK IN CONNECTION WITH ORDER-TAKING AND RECORDKEEPING VIOLATIONS; CFTC Orders Budicak to Pay A $20,000 Civil Monetary Penalty And Conditions Any Future Registration For the Next Four Years
09/25/2000
CFTC FILES AND SETTLES ADMINISTRATIVE ENFORCEMENT ACTION AGAINST MARTIN K. ROGERS FOR TRADING WITHOUT A SPONSOR IN VIOLATION OF A COMMISSION ORDER; Rogers' Registration Is Suspended for 30 Days and Restricted for One Year
09/19/2000
ILLINOIS COURT ENTERS CONSENT ORDERS OF PERMANENT INJUNCTION AGAINST RANDALL WILLIAMS AND TERRY G. WIGTON IN CASE INVOLVING A FRAUDULENT COMMODITY POOL SCHEME; Williams and Wigton Are Barred From the Commodities Industry and Ordered to Pay Restitution and Disgorgement Amounts Totaling More than $1.5 Million
09/07/2000
CFTC FILES AND SETTLES ENFORCEMENT ACTION AGAINST PEREGRINE FINANCIAL GROUP, INC., IN CONNECTION WITH FINANCIAL VIOLATIONS; CFTC Orders Peregrine To Pay a $90,000 Civil Monetary Penalty and Comply With Various Undertakings
09/07/2000
CFTC CHARGES LEONARD G. NAUMAN, EDWARD STEVENSON KIRRIS , III, WILLIAM J. RELF, PENSION AMERICA, INC. , FUTURES PROFIT MAKING, LLC., SELECTIVE FUTURES MANAGEMENT, LLC., SPECIALIZED COMMODITY TIMING, LLC., AND COMMODITY TIMING SPECIALISTS, LLC., WITH COMMODITY POOL FRAUD AND FAILURE TO REGISTER AS COMMODITY POOL OPERATORS; The Complaint Alleges that Nauman, Kirris, and Relf Pooled at least $600,000 From Approximately 36 Investors Mostly in the Minneapolis and Brainerd, Minnesota Areas; Court Issues An <i>Ex parte</i> Restraining Order Freezing Defendants' Assets and Prohibiting the Destruction of Documents
09/07/2000
CFTC FILES FIVE ENFORCEMENT ACTIONS ALLEGING THE FRAUDULENT PROMOTION OF COMMODITY TRADING SYSTEMS OVER THE INTERNET; CFTC Actions Are Part of Initiative To Clean Up Fraudulent Internet Web Sites
