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 […]
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The CFTC, the Federal regulatory agency for futures trading, was established by the Commodity Futures Trading Commission Act of 1974. The Commission began operation in April 1975, and its authority to regulate futures trading was renewed by Congress in 1978, 1982, 1986, 1992, 1995, and 2000.
The mission of this agency is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity futures and options, and to foster open, competitive, and financially sound commodity futures and option markets.
The Commission consists of five Commissioners who are appointed by the President, with the advice and consent of the Senate. One Commissioner is designated by the President to serve as Chairman. The Commissioners serve staggered 5-year terms, and by law no more than three Commissioners can belong to the same political party.
The Registration Deficient (ReD List),contains names of foreign entities that appear to be acting in a capacity that requires registration with the CFTC, but they are NOT registered with the CFTC.
The inclusion of an entity’s name on the ReD List does not mean that the CFTC or a court has concluded that a violation of any provision of the Commodity Exchange Act or the Commission’s Regulations has occurred. However, you should be cautious of unregistered firms or individuals when participating in products or markets that historically have seen a large number of fraud complaints — these include binary options, forex, digital currencies (cryptocurrencies), commodity pools, and precious metals.
The ReD List is developed from tips and leads from the public or other sources. Help CFTC protect other traders. If you have a ReD List lead, send CFTC the web address at: consumers@cftc.gov.
CFTC-PR-8946-24 (Aug. 19, 2024) CFTC Orders Brazilian and Swiss Sugar Companies to Pay $750,000 for Wash Sales Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against respondents Raizen Energia SA, a Brazilian energy company and sugar merchant, and Raizen Trading SA, a Swiss sugar merchant, for engaging in wash sales […]
CFTC-PR-8945-24 (Aug. 14, 2024) CFTC Orders Truist Bank to Pay $3 Million Penalty and Remediate Recordkeeping and Supervision Failures Relating to Widespread Use of Unapproved Communications Methods. Truist Receives Substantially Reduced Penalty for Self-Reporting to the Division of Enforcement Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against […]
CFTC-PR-8942-24 (Aug. 14, 2024) CFTC Orders Multinational Commodities Trading Firm to Pay $500,000 Penalty for Federal Position Limit Violations. The Matter Represents First Ever Cross-Exchange Violation Charge Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and settling charges against Vitol, Inc., based in Houston, Texas, and its affiliate, Vitol SA, headquartered in Geneva, […]
CFTC-PR-8943-24 (Aug. 14, 2024) CFTC Orders TD Bank and Cowen to Pay Civil Monetary Penalties for Recordkeeping and Supervision Failures for Firm-Wide Use of Unapproved Communication Methods Washington, D.C. — The Commodity Futures Trading Commission today issued two orders simultaneously filing and settling charges against The Toronto Dominion Bank (TD Bank), a swap dealer, and against Cowen and Company (Cowen), […]
CFTC-PR-8944-24 (Aug. 14, 2024) CFTC Orders TD Bank to Pay $4 Million for Supervision Failures Impacting its Electronic Communications Surveillance System Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against The Toronto Dominion Bank (TD Bank), a registered swap dealer, for failing to diligently supervise activities related to its […]
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 […]
CFTC-PR-8938-24 (Aug. 8, 2024) CFTC Obtains $12.7 Billion Judgment Against FTX and Alameda – Restitution and Disgorgement Damages to Pay Fraud Victims. Washington, D.C. — The Commodity Futures Trading Commission today announced the U.S. District Court for the Southern District of New York entered a consent order of permanent injunction and other equitable relief against FTX Trading […]
CFTC-PR-8939-24 (Aug. 8, 2024) CFTC Awards Over $1 Million to Whistleblower Who Aided a Digital Assets-Related Investigation Washington, D.C. — The Commodity Futures Trading Commission today announced a whistleblower award of over $1 million to a whistleblower who provided significant information and assistance that led the CFTC to bring an enforcement action connected to digital asset […]
CFTC-PR-8940-24 (Aug. 8, 2024) Commodity Futures Trading Commission Approves a Joint Rule Proposal to Establish Technical Data Reporting Standards Washington, D.C. — The Commodity Futures Trading Commission today voted to jointly propose and request public comment on the establishment of technical data reporting standards with other financial regulatory agencies. Date Accessed: Aug. 19, 2024 Source URL: […]