CFTC | Kennyhertz Perry

The CFTC’s New Enforcement Manual Guidance Details Factors Used in Corporate Compliance Programs

The Commodity Futures Trading Commission (“CFTC”) has announced Division of Enforcement staff-level guidance that outlines whether a company’s compliance program was reasonably designed and implemented to (i) prevent the underlying misconduct at issue; (ii) detect the misconduct; and (iii) remediate the misconduct. At all points, the Division will conduct a risk-based analysis, taking into consideration

Posted September 10, 2020 | by admin |in CFTC

CFTC Enforcement Sweep Targets Entities Falsely Claiming Registration

The Commodity Futures Trading Commission (CFTC) announced the filing of charges against 20 entities for making false and misleading claims of having CFTC registration and National Futures Association (NFA) membership required to offer services related to trading in foreign exchange (forex), digital assets, and derivatives. The complaints are listed below: Complaint & Notice: bitfx24option.com Complaint

Posted September 2, 2020 | by admin |in CFTC

Unregistered Commodity Pool Operator and It’s Principal Charged with Fraud in Missouri

A civil enforcement action was filed today in the U.S. District Court for the Eastern District of Missouri against Joshua Christian McDonald, and his company Perfection PR Firm LLC (PPR), by the Commodity Futures Trading Commission. McDonald’s company, out of California and Tennessee, was charged for an off-exchange foreign currency trading scheme of fraud and

Posted February 14, 2020 | by admin |in CFTC, White Collar Crime

Florida Resident and His Company are Ordered by CFTC to Pay Over $1 Million for Fraud

On February 13th, the Commodity Futures Trading Commission (CFTC) announced a filing and charges against Matthew R. White of M.W. Global Futures LLC (MWGF) for fraud. MWGF requested and obtained money from six pool participants, and then went on to use the funds in his personal bank and trading accounts. Only a small amount of

Posted February 14, 2020 | by admin |in CFTC, White Collar Crime

$33 Million Charged to Company for Fraudulent Digital Asset Scheme

On February 11th, Q3 Holdings, LLC and Q3 I, LP and its principal, Michael Ackerman, were charged with over $33 million in a fraudulent digital asset scheme by the U.S. District Court of the Southern District of New York. The Commodity Futures Trading Commission (CFTC) made public the complaint, alleging that the defendants performed fraud

Posted February 13, 2020 | by admin |in CFTC, Securities, White Collar Crime

Braden Perry is Featured in Article About Binary Options

Magnify Money posted an article today discussing binary options, and how to simplify the understanding of them. In short, binary options are a form of options trading that comes with one of two payoff options: a fixed amount or none at all. They are a financial instrument based on the value of an underlying asset,

Posted January 28, 2020 | by admin |in CFTC, White Collar Crime

CFTC Issues Urgent Release to all Registrants Regarding a Cyberattack on Cloud Service Providers

On January 3, 2020, the NFA distributed a letter on behalf of the CFTC to all registrants. The letter addresses serious issues raised by the WSJ as it relates to cloud service providers that may have been compromised by a series of hacking attacks. The CFTC is requesting that any CPOs, CTAs, IBs and RFEDs

Posted January 8, 2020 | by admin |in CFTC, White Collar Crime

Finance Magnates Highlights Braden Perry in Article On Crypto’s Regulatory Clarity

Perry, among other professionals, discusses high-profile Initial Coin Offerings “ICO” cases this year and potential effective regulatory clarity in the cryptocurrency industry in Finance Magnates article posted today. “The high-profile filings by the SEC show that they are increasing their scrutiny on the space,” said Braden Perry, Government Investigations and Corporate Governance Counselor at Kennyhertz

Posted December 5, 2019 | by admin |in CFTC, White Collar Crime

CFTC Demands Proprietary Trading Firm to Pay Record Sum for Taking Part in a Misleading Scheme and Spoofing

The U.S. Commodity Futures Trading Commission (“CFTC”) ordered the filing and finalizing of charges of $67.4 million versus Tower Research Capital LLC, a proprietary trading firm. The CFTC alleged that over a length of almost two years, Tower violated multiple sections of the Commodity Exchange Act by a deceptive and manipulative scheme of spoofing in

Posted November 8, 2019 | by admin |in CFTC, White Collar Crime

Braden Perry Highlighted In Article Discussing Binary Options Scams Spreading into Crypto

Partner Braden Perry, as part of Kennyhertz Perry’s Commodities, Futures, and Derivatives practice group, advises clients on a wide range of commodities and derivatives regulatory matters, and works with companies on compliance with the complex laws and regulations governing the securities and derivatives industries. Perry, a former Commodity Futures Trading Commission (“CFTC”) Senior Trial Attorney

Posted November 6, 2019 | by admin |in CFTC, White Collar Crime

CFTC and CME Charge Trader for Violations Related to Live Cattle Futures

The Chicago Mercantile Exchange (CME) and Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against Nathan Harris, a registered trader, for fraud, unauthorized trading, and violating speculative position limits in live cattle futures contracts. It’s alleged that between January 2012 and August 2014, Harris engaged in fraud and unauthorized trading by

Posted September 9, 2019 | by admin |in CFTC, White Collar Crime

Latest Sealed Filings in CFTC v. Kraft Imply a CFTC Appeal

Yesterday, the Commodity Futures Trading Commission (“CFTC”) filed a motion with the court in CFTC v. Kraft and Mondelez (15-2881 N.D. Ill.) to vacate its order setting an evidentiary hearing or, in the alternative, stay the matter pending appellate review. It also requested an enlargement to the briefing page limitations. The motions were filed under

Posted August 29, 2019 | by admin |in CFTC, White Collar Crime

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