Federal Court in North Carolina Orders James A. Shepherd and His Company, James A. Shepherd Inc., to Pay More than $15 Million in a Monetary Penalty and Restitution for Commodity Pool Fraud In a Related Criminal Action, Shepherd Pled Guilty to Fraud and Was Sentenced to 84 Months in Prison  Washington, DC – The U.S. Commodity…

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) filed a civil injunctive enforcement action in the U.S. District Court for the Southern District of New York against Fan Wang a.k.a. Alex Wang (Wang), a Chinese national who resides in Short Hills, New Jersey. The CFTC’s Complaint charges Wang with willfully making false reports…

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) is requesting public comment on proposed amendments to the Whistleblower Rules found in Part 165 of the CFTC’s Regulations. The amendments would enhance the process for reviewing whistleblower claims and make related changes to clarify staff authority to administer the whistleblower program. The proposal will…

August 31, 2016 The Commodity Futures Trading Commission (CFTC) and the U.S. Prudential Regulators1 have ordered U.S. swap dealers to proceed forward this week in implementing globally agreed margin requirements for uncleared swaps transactions. This direction comes despite last week’s announcement by regulators in Australia, Hong Kong and Singapore to delay this implementation date2 and…

CFTC and Deutsche Bank file joint motion seeking the appointment of a Monitor to ensure Deutsche Bank AG’s compliance with its reporting responsibilities under the Commodity Exchange Act and CFTC Regulations Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) filed a civil Complaint in the U.S. District Court for the Southern District of New…

CFTC Alleges Schacke and his Company TradeMasters Fraudulently Solicited at Least $155,626 from at Least 36 Investors Federal Court Issues Restraining Order Protecting Defendants’ Books and Records and Granting the CFTC Access to Such Records Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a civil enforcement action in the…

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a Notice of Intent (Notice) to revoke, suspend, or place restrictions on the registration of Steven A. Cohen (Cohen) of Greenwich, Connecticut. The CFTC simultaneously issued an Opinion and Order (CFTC Order) accepting Cohen’s Offer of Settlement and settling the…

CFTC Charges California Residents Frank J. Collins and Gerard Suite and Their Company, STA Opus NR LLC, with Fraud, Misappropriation, and Failing to Register with the CFTC CFTC Alleges Defendants Fraudulently Solicited at Least $1.6 Million, while Misappropriating at Least $1.25 Million of Customer Funds Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) filed…

CFTC Chair Discusses Overseas Application of its Swaps Rules Statement of Chairman Timothy Massad Regarding CFTC Actions Related to the Overseas Application of Swaps Rules August 4, 2016 I support the two actions the Commission and staff have taken today, which address issues related to the cross-border application of our rules on swaps. I thank…

CFTC Orders Georgia Resident Jonathan A. Parker and His Company QuantX Capital, LLC to Pay a Civil Monetary Penalty and Restitution Totaling More than $1 Million for Engaging in Foreign Exchange Commodity Pool Fraud Parker and QuantX Misappropriated at Least $341,500 of Customer Funds for Business and Personal Expenses Washington, DC – The U.S. Commodity Futures…