Displaying results 111 - 120 of 1195
Statement of Commissioner Caroline D. Pham on Self-Reporting and Cooperation Credit in Enforcement Actions
… credit that the CFTC takes in its administrative settlements for non-material operational or technical issues …
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CFTC ACCEPTS SETTLEMENT OFFERS OF LEXUS FINANCIAL GROUP, INC., MARK LEE SINGER AND DAVID ALAN LUGER IN CONNECTION WITH THE FRAUDULENT SOLICITATION OF CUSTOMERS; CFTC Order Finds that Lexus, Singer, and Luger Committed Fraud in Soliciting Customers to Trade Options on Commodity Futures Contracts, Revokes Their Registrations, and Prohibits Them from Trading; Requires Singer and Luger to Pay $6.8 Million in Restitution To Defrauded Customers
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CFTC ACCEPTS SETTLEMENT OFFERS OF LEON LEVITIS, ILYA LEVITIS, AND PAUL MANFRE IN CONNECTION WITH THE FRAUDULENT SALE OF ILLEGAL FOREIGN CURRENCY FUTURES CONTRACTS; Order Finds That Leon Levitis, Ilya Levitis, and Paul Manfre Fraudulently Solicited Customers To Enter Into Illegal Foreign Currency Futures Contracts And That Leon Levitis and Ilya Levitis Also Made and Issued False Reports, Bucketed Customer Orders, and Converted and Commingled Customer Funds
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Dissenting Statement of Commissioner Caroline D. Pham on Off-Channel Communications Matter
...I respectfully dissent on In re Cowen and Co. because the administrative record does not include evidence that any CFTC registered Associated Persons (APs)[1] engaged in activity that was in violation of the CFTC’s recordkeeping requirements for introducing brokers (IBs), such as maintaining records of transactions, orders, and other business “relating to dealing in commodity…
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CALIFORNIA FOREIGN CURRENCY FIRM AND ITS PRINCIPAL AGREE TO PAY OVER $1 MILLION IN SETTLEMENT OF U.S. GOVERNMENT FOREIGN CURRENCY FRAUD ACTION; In Settling Charges by the U.S. Commodity Futures Trading Commission, Defendants Ben Ouyang and Victco Financial Services, Inc. Consented to Release over $1 Million in Frozen Funds as Restitution to Defrauded Customers; Consent Order also Imposes Civil Penalty of $120,000 and a Permanent Injunction
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Commissioner Pham Announces CFTC Global Markets Advisory Committee Meeting on March 6
...Washington, D.C. — CFTC Commissioner Caroline D. Pham, sponsor of the Global Markets Advisory Committee (GMAC), announced today the GMAC will hold a public meeting on Wednesday, March 6, from 10:00 a.m. to 3:00 p.m. EST at the CFTC’s Washington, D.C. headquarters. “I’m excited to announce the progress of the GMAC’s important work with the first public meeting of the year,” Commissioner Pham…
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Commissioner Pham Announces CFTC Global Markets Advisory Committee Meeting on March 6
... Transcript CFTC Commissioner Caroline D. Pham, sponsor of the Global Markets Advisory Committee (GMAC), announced today the GMAC will hold a public meeting on Wednesday, March 6, from 10:00 a.m. to 3:00 p.m. EST at the CFTC’s Washington, D.C. headquarters. “I’m excited to announce the progress of the GMAC’s important work with the first public meeting of the year,” Commissioner Pham…
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CFTC SETTLES ACTION AGAINST FARMERS COOPERATIVE COMPANY, FINDING THAT IT OFFERED TO ENTER INTO, AND ENTERED INTO, ILLEGAL FUTURES AND OPTION CONTRACTS AND OPERATED AS AN UNREGISTERED FUTURES COMMISSION MERCHANT; CFTC Order Also Accepts Offers of Settlement from Three Former Employees and Finds that Richard Houge and Larry D. Peterson aided and abetted each of Farmer Co-op’s Violations and that John A. McPherson aided and abetted Farmer Co-op’s operation as an unregistered Futures Commission Merchant
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How to Read Futures Price Tables
...(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-WVWR6GVX'); How to Read Futures Price Tables Price is…
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Dissenting Statement of Commissioner Caroline D. Pham on Commercial End-User Enforcement Action
...I respectfully dissent on In re TOTSA TotalEnergies Trading SA because of the lack of evidence to support the alleged charges and the consequences of asserting that legitimate commercial hedging activity is illegal. Over the past several years, the pocketbooks of Americans and consumers all over the world have been hit hard by inflation and policies that have resulted in higher gas prices and…
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