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

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

CFTC Enforcement Sweep Targets Entities Falsely Claiming Registration

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

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

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

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

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

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

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

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

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

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

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