Societe Generale - "In the week ending Jan 15, the speculative community bought dollars and yen, sold Euros, according to CFTC data. The way EUR/USD has traded does suggest that positioning is gyrating pointlessly, with outright exposure fluctuating around zero. Economic weakness and a less dovish tone from the ECB, accompanied by a correction at the front end of the European bond markets, rather balance each other out, though we still expect the Euro to be stronger near term, and weaker…

Federal Court Orders Robert A. Christy and His Company, Crabapple Capital Group LLC, to Pay over $2.6 Million in Monetary Sanctions for Foreign Currency Fraud

Court permanently bars defendants from commodities industry

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court order requiring defendants Robert…

CFTC Orders San Gabriel, California Resident David Kaup and His Companies to Pay over $1.89 Million in Restitution and Penalties to Settle Forex Fraud and Misappropriation Charges

Kaup and his companies, Lunden Forex Partners, LP, Lunden Forex Management, LLC, Black Horse Funds, LLC, Black Horse Management, LLC, and Black Horse Partners, LP, defrauded investors out of almost $1.4…

Florida Federal Court Orders Claudio Aliaga and His Company, CMA Capital Management, LLC, to Pay $5.5 Million in Penalties and Restitution for Operating a Forex Ponzi Scheme

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a judgment for $5.5 million in restitution and civil monetary penalties against Claudio Aliaga and CMA…

CFTC Charges Australian Resident Senen Pousa, U.S. Resident Joel Friant, and Their Company, Investment Intelligence Corp., with Operating a Fraudulent $53 Million Worldwide Off-Exchange Forex Scheme; Michael Dillard and Elevation Group Also Charged

Investment Intelligence does business as ProphetMax Managed FX Federal court issues order freezing assets of defendants Pousa,…

CFTC Charges Florida Resident William Jeffery Chandler with Forex Fraud and Misappropriation

Federal court enters emergency order freezing defendant’s assets and protecting books and records

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that on September 11, 2012, Judge James D. Whittemore of the U.S. District Court for the Middle…

CFTC Seeks to Revoke Registrations of Linda Faye Harris and her companies, CDH Forex Investments, LLC and CDH Global Holdings, LLC

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today filed a notice of intent to revoke the registrations of Linda Faye Harris, CDH Forex Investments, LLC (CDH Forex) and CDH Global Holdings, LLC (CDH Global), all of Flower Mound,…

Federal Court in Texas Orders Christopher B. Cornett to Pay over $17 Million in Sanctions in Foreign Currency Fraud Action

The CFTC obtained a federal court order of default judgment and permanent injunction requiring defendant Christopher B. Cornett of Buda, Texas, to pay $10.16 million in restitution and a $6.78 million civil monetary penalty in connection with a foreign currency…

CFTC Settles Action against Douglas Elsworth Wilson and Three California Companies for Solicitation Fraud, Misappropriating Customer Funds, and Issuing False Statements in Commodity Futures and Forex Scheme

The CFTC announced that it obtained a federal court order in California that requires defendants Douglas Elsworth Wilson of Poway, Calif., and three companies he controls and…

Local currency-trading brokerage target of criminal probe

By Richard Burnett at Orlando Sentinel

Already facing a regulatory fraud lawsuit and a lockdown of its financial accounts, a Longwood currency-trading firm is now the subject of a criminal investigation as well,…

CFTC Charges California Resident Victor Yu and His Company, VFRS, LLC, with Multi-Million Dollar Forex Fraud and Failure to Register as a Commodity Trading Advisor

Federal court issues order freezing defendants’ assets and protecting books and records

Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that on July 27, 2012, The…

NFA’s lack of intelligence strikes again: Alpari fined $200,000 for cancelling illicit traders

by Michael Greenberg at Forex Magnates

Reading the details of this case you just can’t help but wonder what is NFA all about? NFA is simply doing what it wants, interprets the rules only in the way that suits it and…

another one... this is tiring...

Francesc

CFTC Orders LMC Asset Management, Inc. to Pay $140,000 Civil Penalty for Forex Registration Violations

The CFTC today issued an order settling charges that LMC Asset Management, Inc. of Deerfield Beach, Fla., exercised discretionary trading authority over customers’ accounts in retail, leveraged foreign currency (forex)…

Federal Court in Missouri Orders Randall L. Stuckey and His Business Entities to Pay a $250,000 Penalty to Settle CFTC Forex Futures Fraud Action

In related criminal action, Stuckey sentenced to 36 months imprisonment

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that on July 11, 2012, Judge Carol E. Jackson of the U.S. District…

It was about time.... I just can applause the initiative that Attain Capital Management - a Forex and Futures firm approved by the NFA with the ID number 0322102 - has just launched at the…

Peregrine’s Fraud Went Undetected in Two U.S. Agency Reviews

By Silla Brush at Bloomberg

The U.S. Commodity Futures Trading Commission reviewed operations at Peregrine Financial Group Inc. at least twice since 2006 without detecting the fraud that led to the collapse of the futures broker and a $200 million shortfall in…

A little bit late for PFGBest clients....

Francesc

CFTC Approves New Financial Rules Submitted by the National Futures Association to Strengthen the Protection of Customer Funds Held by Futures Commission Merchants

Washington, DC – The Commodity Futures Trading Commission (Commission or CFTC) today approved new financial rules submitted by the National Futures…

Bravo for this article!!!

Just bravo!

Francesc

(PFG) BEST foot forward?

by Paul Holmes, guest author at Forex Magnates

Suicide is painless, the pain is always felt by those left behind..or stiffed…

At the foot of the PFGBest site is a section titled “disaster recovery”. Many desperate clients, who will have visited the futures broker’s…

If you are affected by PFGBest fraud, you should not miss this special webinar we are putting with the help of the attorney Elan Mendel at Shipkevich PLLC this Friday July 13th 2012... I hope it will be useful for you.

Help us to spread the word

Francesc

PFGBest Case: Discussion with Attorney Elan Mendel…

CFTC Files Complaint Against Peregrine Financial Group, Inc. and Russell R. Wasendorf, Sr. Alleging Fraud, Misappropriation of Customer Funds, Violation of Customer Fund Segregation Laws, and Making False Statements

Commission Seeks an Order Freezing Assets and Restitution of Customer Funds.

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) announced today…