CFTC Fines Registrant for Cybersecurity Violations
CFTC Fines Registrant for Cybersecurity Violations
FTC Sends Warning Letters to CBD Companies Advertising Treatments for Serious Diseases
The FTC announced today that it sent letters to multiple companies that sell CBD products, waring them that claims they made regarding CBD violate federal law. These “warning letters” state
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
FinCEN Adds Global Investigations Division to Combat Overseas Money Laundering
The Financial Crimes Enforcement Network (“FinCEN”) unveiled its Global Investigations Division (“GID”), which will be responsible for both domestic and international investigation under the Bank Secrecy Act (“BSA”). GID will
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
In an Unusual Agreement, Kraft and Mondelez Consents to $16 Million Penalty for Futures Manipulation with the CFTC
The CFTC action against Kraft and Mondelez for manipulation of the wheat futures markets is over. Yesterday, Kraft and Mondelez agreed to a $16 million civil monetary penalty and an
11th Circuit Issues Decision of First Impression on Double Jeopardy
Yesterday, the 11th Circuit Court of Appeals issued its decision in the case involving Miami club investor Isaac Feldman’s convictions for conspiracy to commit wire fraud and conspiracy to commit
Citibank Unit fined $1.25 Million Fine for Poor Background Check Procedures
According to FINRA, Citigroup’s brokerage unit, Citigroup Global Markets, Inc., failed in running background checks on at least 10,400 non-registered associated persons, which led to three individuals who’d been convicted
Broker Takes Fight Against Industry Ban to the Supreme Court
Lawrence Fejokwu and his company, Chazon QTA Quantitative Trading Artists LLC, was banned from National Futures Association (NFA) membership after Fejokwu refused to help with its investigation. The U.S. Commodity
A Broken Record: CFTC Fines Another Binary Options Firm for Illegal Off-Exchange Trading
Today, the U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against Curtis Dalton of Middleton, Massachusetts, requiring him to pay $200,000 for offering illegal off-exchange
Perry Featured in Disruptor Daily Series on Blockchain
Kennyhertz Perry, LLC Partner Braden Perry was featured as one of several Blockchain experts in the Disruptor Daily series on emerging technology and Blockchain in industry. Perry discussed practical
CME and CFTC Charge Unregistered Hedge Fund with Spec Limit Violations
The Chicago Mercantile Exchange (CME) and Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against an unregistered Hong Kong-based hedge fund, Elephas Investment Management Ltd. (Elephas),