CFTC-PR-8956-24 (Aug. 29, 2024) Federal Court Orders Operator of Commodity Trading Fund to Pay Restitution and Penalties for Defrauding Fund Participants and Commingling Pool Funds Washington, D.C. – The Commodity Futures Trading Commission today announced that the U.S. District Court for the Eastern District of New York entered a consent order finding Harris Bruce Landgarten, a resident […]
Category: Commodity Pool Operators
Commodity Pool Operators (CPOs) are individuals or firms that manage pooled investments in commodities futures and options on behalf of investors. They are required to register with the Commodity Futures Trading Commission (CFTC) and adhere to strict regulations aimed at protecting investors. However, instances of fraud involving CPOs can occur when they misrepresent investment strategies, misappropriate funds, or falsify performance results to attract investors. Such fraudulent practices undermine investor trust and can lead to significant financial losses. Regulatory oversight and due diligence by investors are crucial in mitigating the risks associated with fraudulent activities perpetrated by commodity pool operators.
CFTC-PR-8948-24 (Aug. 21, 2024) CFTC Files Actions to Revoke Registrations of Introducing Broker, Commodity Pool Operator, and Associated Person for Violating CEA Antifraud Provisions Washington, D.C. — The Commodity Futures Trading Commission today announced it commenced actions to revoke the registrations of Purvesh Mankad, and his affiliated entities CTAX Partners, LLC and CTAX Series, LLC. Date: Aug. 21, 2024 Accessed: […]
CFTC-PR-8947-24 (Aug. 20, 2024) CFTC Orders Unregistered Pool Operator and its Managing Member to Pay More than $520,000 for Fraud Violations Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Get Money Tradez LLC (GMT), and its managing member, Jeffrey Carmon, Jr. a/k/a Jeffery Carmon, Jr. (Carmon), both based in the […]
File ID: CFTC-PR-8930-24 Date: July 2, 2024 Accessed: July 8, 2024 Headline: Federal Court Orders Unregistered Michigan Pool Operator and its President to Pay Over $13 Million for Forex Fraud Source: https://www.cftc.gov/PressRoom/PressReleases/8930-24 Categories: COMMODITY POOL OPERATORS (CPO) REGISTRATION FAILURES FOREX FRAUD CFTC-PR-8930-24 – Viewer: ▼▼▼ (Download PDF File ⊗)
File ID: CFTC-PR-8919-24 Date: June 6, 2024 Accessed: June 21, 2024 Headline: Commodity Futures Trading Commission Charges Unregistered Commodity Pool Operator and Its Owner with Futures Fraud and Misappropriation. Source: https://www.cftc.gov/PressRoom/PressReleases/8919-24 Categories: COMMODITY POOL OPERATORS (CPO) FUTURES FRAUD MISAPPROPRIATION CFTC-PR-8919-24 – Viewer: ▼▼▼ (Download PDF File ⊗)
CFTC-PR-8899-24 (APR. 26, 2024) Source: https://www.cftc.gov/PressRoom/PressReleases/8899-24 Download: CFTC-PR-8899-24 ⊗ (PDF) PRESS RELEASE | CFTC-PR-8899-24 Federal Court Orders Unregistered Pool Operator and its President to Pay Over $11 Million for Forex Fraud Washington, D.C. — The Commodity Futures Trading Commission today announced Judge Linda V. Parker of the U.S. District Court for the Eastern District of Michigan […]
CFTC-PR-8879-24 Federal Court Orders Unregistered Florida Commodity Pool Operator to Pay Over $64 Million in Monetary Sanctions for Fraudulent Scheme Date: Mar. 15, 2024 Date Accessed: Aug. 1, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8879-24 Categories: CFTC-2403 Commodity Pool Operators Investment Fraud Registration Failures EMPIRES CONSULTING CORP. EMPIRESX PDF Notes: The PDF viewer below disables the links inside the PDF […]