CFTC-PR-8950-24 (Aug. 26, 2024) CFTC Orders Wisconsin Man to Pay Civil Monetary Penalty for Acting as an Unregistered Commodity Trading Advisor. The Commodity Futures Trading Commission today announced it entered an order requiring Mark Hendershott, located in Wisconsin, to pay a $75,000 civil monetary penalty for acting as an unregistered commodity trading advisor (CTA). Date: Aug. […]
Category: Registration Failures
Registration Failures with regulatory authorities occur when an organization or entity fails to register (when required to do so) or does not successfully complete the necessary procedures and requirements mandated by regulatory bodies to legally operate within a given jurisdiction. These failures can stem from various issues such as incomplete documentation, non-compliance with specific regulatory standards, or failure to meet financial or operational criteria set by the authorities. Such failures can result in penalties, fines, or legal actions against the entity, and may also lead to delays or prohibitions in conducting business activities until all regulatory obligations are satisfactorily met. Additionally, they can damage the entity’s reputation, undermine investor confidence, and hinder future regulatory interactions, making adherence to regulatory requirements crucial for maintaining operational integrity and legitimacy in the market.
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 […]
CFTC-PR-8941-24 (Aug. 12, 2024) CFTC Orders Texas Company to Pay $100,000 for Failing to Register as an Introducing Broker Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Cost Management Solutions, LLC (CMS), a Texas corporation. Date: Aug. 12, 2024 Date Accessed: Aug. 19, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8941-24 […]
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-8909-24 Date: May 13, 2024 Accessed: June 20, 2024 Headline: CFTC Issues Order Against Crypto Prime Brokerage Firm for Unlawfully Providing U.S. Customers Access to Digital Asset Derivatives Trading Platforms. CFTC’s First Action Against an Intermediary for this Kind of Violation of CFTC Rules. Source: https://www.cftc.gov/PressRoom/PressReleases/8909-24 Categories: AGENCY RULES-CHANGES CFTC RULES-CHANGES FUTURES COMMISSION MERCHANTS (FCM) […]
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 […]
CFTC-PR-8864-24 Federal Court Orders Oregon Resident and His Forex Trading Firm to Pay $830,000 in Civil Penalties for Commodity Fraud and Registration Violations Date: Feb. 15, 2024 Date Accessed: Aug. 1, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8864-24 Categories: CFTC-2402 Commodity Fraud Forex Investment Fraud Registration Failures SIMPLY GAINS INC. PDF Notes: The PDF viewer below disables the links inside […]