Displaying results 1 - 10 of 90
Statement of Commissioner Kristin N. Johnson Regarding CFTC Bringing Charges Against Damien Moran, Bright Future Financial LLC (d/b/a Oakhurst Metals), and Crown Bullion, Inc. for Precious Metals Fraud
… including Bright Future Financial LLC (d/b/a Oakhurst Metals) and Crown Bullion, Inc, with fraud.  According to … media, and his companies’ websites to tout the safety of precious metals investments, then helped the individuals … elections to sell the purported security of investing in precious metals. Instead, the money ended up in his personal …
Statement of Commissioner Kristin N. Johnson in Support of Enforcement Action Involving Fraudulent Precious Metals Scheme Targeting Elderly and Retirement-Aged Persons
… The CFTC has issued customer advisories warning against precious metals investment schemes, [2] especially by unregistered … earnAndProtect/AdvisoriesAndArticles/CustomerAdvisory_COVID19PreciousMetals.htm . [3] CFTC, Advisories & Articles, …
Statement of Commissioner Christy Goldsmith Romero on the Importance of Retail Customer Protections and Anti-Money Laundering in Precious Metals Markets and Foreign Currency (Forex) Markets
… too many retail customers become victims of illegal acts in precious metals markets and foreign currency (forex) markets.   In … can to bring justice and accountability for illegal acts in precious metals and forex markets that harm retail …
Statement of Commissioner Kristin N. Johnson Regarding CFTC Settlement with First State Depository Company, LLC and Argent Asset Group LLC for Precious Metals Fraud
… scheme in connection with the purchase and sale of precious metals. [1]   The CFTC’s complaint alleged that the … was engaged in the business of buying, selling, and leasing precious metals. Following the filing of the complaint, the …
Statement of Commissioner Kristin N. Johnson Regarding CFTC Action Against Red Rock Secured, LLC, Shade Johnson-Kelly a/k/a Sean Kelly, and Anthony Spencer for Precious Metals Fraud
… throughout the United States. [1]  Defendants marketed precious metal, in particular silver and gold Canadian … dollars by aggressively marketing—and marking up—precious metals, especially supposedly valuable collectible …
Opening Statement at the Public Meeting to Examine Futures and Options Trading in the Metals Markets
… to examine the trading of futures and options in the precious and base metals markets. I would like to start by thanking my fellow … the diverse group of participants about many aspects of the metals markets. Today’s meeting builds upon our ongoing look …
Statement of Commissioner Kristin N. Johnson: The Continuing Surge of Forex Investment Fraud
… victims.  But at bottom, the schemes are the same as the precious metals [2] and digital asset [3] frauds I highlighted this … LLC (d/b/a Oakhurst Metals), and Crown Bullion, Inc. for Precious Metals Fraud (Sept. 26, 2023), …
Testimony of Dan Berkovitz, General Counsel
… Speculative Position Limits and Metals A Brief Regulatory History Testimony of Dan M. … speculative position limits relating to the metal markets – precious, 1 base 2 and ferrous. 3 Futures contracts on both precious metals and base metals are traded primarily by the …
Remarks of Director of Enforcement James McDonald During CFTC-DOJ Press Conference Call
… are charged with manipulative conduct and spoofing in the precious metals futures markets in a complaint filed in the United … supervisory chain—including to the bank’s Global Head of precious metals trading. The charges announced today strike …
Statement of Commissioner Kristin N. Johnson: Time to Take Action Against Digital Asset and Forex Romance Scam
… in Support of Enforcement Action Involving Fraudulent Precious Metals Scheme Targeting Elderly and Retirement-Aged Persons, … June 15, 2022); CFTC Customer Advisory: Avoid Forex, Precious Metals, and Digital Asset Romance Scams (issued …