Tagged with "CFTC"

Interactive Brokers Fined $1.75 Million Over Trading Systems Deficiencies

Posted on October 7th, 2021 at 2:07 PM
Interactive Brokers Fined $1.75 Million Over Trading Systems Deficiencies

The Commodity Futures Trading Commission (CFTC) has levied a $1.75 million civil penalty on Interactive Brokers for allegedly failing to prepare and design its electronic trading system to receive negative prices and calculate margin on April 20, 2020.

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Illinois Broker and Investment Firm Agree to Pay $1.1 Million to CFTC

Posted on July 7th, 2020 at 4:15 PM
Illinois Broker and Investment Firm Agree to Pay $1.1 Million to CFTC

Illinois broker Mark Miller and his investment firm, Foremost Trading LLC, have agreed to pay $1.1 million to settle claims brought by the Commodity Futures Trading Commission (“CFTC”).  The payment consists of $450,000 in fines and $700,000 in restitution.  Additionally, Miller is suspended from trading on any CFTC-designated exchange, all other CFTC-registered entities, and all commodity interests for a period of two years.

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CFTC Focuses on Whistleblowers as Enforcement Increases

Posted on September 26th, 2019 at 4:56 PM
CFTC Focuses on Whistleblowers as Enforcement Increases

The U.S. Commodity Futures Trading Commission ("CFTC") is actively calling for whistleblowers who may know about misconduct as it extends enforcement to areas usually controlled by the U.S. Department of Justice (“DOJ”) and the Financial Crimes Enforcement Network.   

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CFTC Issues Whistleblower Reduced Award of $2.5 Million

Posted on July 1st, 2019 at 9:54 AM
CFTC Issues Whistleblower Reduced Award of $2.5 Million

The Commodity Futures Trading Commission (“CFTC”) has awarded a whistleblower $2.5 million for reporting a violation of U.S. trading laws.

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Recent Whistleblower Award Demonstrates CFTC’s Continued Commitment to Program

Posted on April 5th, 2019 at 3:25 PM
Recent Whistleblower Award Demonstrates CFTC’s Continued Commitment to Program

The U.S. Commodity Futures Trading Commission (CFTC) recently announced a whistleblower award of over $2 million to an individual for providing expert analysis in conjunction with a related action instituted by another federal regulator.

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CFTC Awards $30 Million to a JPMorgan Whistleblower

Posted on July 17th, 2018 at 8:42 AM
CFTC Awards $30 Million to a JPMorgan Whistleblower

The Commodity Futures Trading Commission has awarded $30 million to a confidential whistleblower who provided information to the agency about JP Morgan’s failure to properly inform certain wealthy clients about conflicts of interest associated with its investment recommendations.

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CFTC Charges Arizona Investment Adviser and His Company with Fraudulently Soliciting and Receiving at Least $13 Million in Commodity Pool Scheme

Posted on July 3rd, 2018 at 10:02 AM
CFTC Charges Arizona Investment Adviser and His Company with Fraudulently Soliciting and Receiving at Least $13 Million in Commodity Pool Scheme

The U.S. Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Arizona investment adviser, Cory Williams and his company, Williams Advisory Group in connection with a $13 million fraudulent commodity pool scheme.

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J.P. Morgan Under Investigation for Unsuitable Hedge Fund Recommendations

Posted on September 23rd, 2015 at 10:12 AM
J.P. Morgan Under Investigation for Unsuitable Hedge Fund Recommendations

J.P. Morgan currently is under investigation by the CFTC and the SEC for allegedly steering its private banking clients into its own hedge funds.

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