Displaying results 31 - 40 of 360

CFTC Charges Delaware Depository Services Company with Confirming the Execution of Off-Exchange Precious Metals Transactions

… Company with Confirming the Execution of Off-Exchange Precious Metals Transactions Order Requires Metals Depository to Pay … LLC (DDSC) for confirming the execution of off-exchange precious metals transactions relating to Hunter Wise …

In CFTC Action, Former Precious Metal Trader Admits to Engaging in Spoofing at Two New York Banks

… September 16, 2019 In CFTC Action, Former Precious Metal Trader Admits to Engaging in Spoofing at Two … and settling charges against Christian Trunz , a former precious metals trader at two financial institutions who entered into …

CFTC Charges Andre Flotron with Spoofing and Engaging in a Deceptive and Manipulative Scheme in the Precious Metals Futures Markets

… and Engaging in a Deceptive and Manipulative Scheme in the Precious Metals Futures Markets Washington, DC  – The U.S. Commodity … in a manipulative and deceptive scheme and spoofing in the precious metals futures markets on a registered entity. …

CFTC Advisory Warns Customers to Carefully Assess Precious Metals Pitches Touting CARES Act Rules

… Relief, and Economic Security Act (CARES Act) to purchase precious metals. This Customer Advisory— the fourth issued by the … Specifically, the CFTC has observed a growing trend of precious metals promoters and dealers encouraging investors …

CFTC Charges Three Individuals and Three Florida Companies with Fraud in Multimillion-Dollar Precious Metals Scheme

… Robert Jeffrey Johnson, Kathleen Hook, Ross Baldwin, Precious Commodities, Inc. (PCI), National Coin Broker, Inc … them with fraud in connection with a multimillion-dollar precious metals leasing scheme. In continuing litigation against the …

Federal Court Orders Alabama Man to Pay More Than $16 Million in Precious Metals Fraud

… thousands of customers throughout the U.S. who purchased precious metals from or through BDI through various … account statements to these customers, showing balances of precious metals and cash that were not in McAllister’s or …

CFTC Charges Georgia Company and Florida Residents with Precious Metals Fraud and Misappropriation of Nearly $900,000

… fraud, engaging in illegal, off-exchange transactions in precious metals, and misappropriating $890,500 of customer funds. … off-exchange retail commodity transactions involving precious metals. Notably, Alista’s leveraged precious metals …

Joint Effort Launches to Warn Retirees about Precious Metals Fraud and Gives Tips on Protecting Themselves

… gold and silver investment scams that tout over-priced metals and coins as “safe investments,” but instead charge … the questions people should ask before making a physical precious metals purchase. The CFTC also released Lies Versus … highlights the common lies scam dealers tell. Fraudulent precious metals dealers often push the idea of retirement …

CFTC Orders Florida Resident Derek J. Bridges and His Companies, Empire Sterling Metals Corp. and I.P.M. Investments, Inc., to Cease Illegal Fictitious Precious Metals Sales

… Derek J. Bridges and His Companies, Empire Sterling Metals Corp. and I.P.M. Investments, Inc., to Cease Illegal Fictitious Precious Metals Sales Order includes restitution award and … Inc. (I.P.M.), for engaging in illegal, off-exchange precious metals transactions. The CFTC Order requires …

Federal Court Orders California-Based Defendants Bharat Adatia, Lions Wealth Holdings, Lions Wealth Services, and 20/20 Precious Metals to Pay over $5.3 Million in Monetary Sanctions for Multi-Million Dollar Fraudulent Precious Metals Scheme

… Lions Wealth Holdings, Lions Wealth Services, and 20/20 Precious Metals to Pay over $5.3 Million in Monetary Sanctions for Multi-Million Dollar Fraudulent Precious Metals Scheme Defendants Defrauded Customers of …