CFTC charged defendants in February with misappropriating more than US$4.6 million of customer funds
The Commodity Futures Trading Commission is launching a new committee to address the challenges posed by carbon markets.The CFTC says that it is preparing for what could be the largest commodity market ever: carbon trading. In the near future, the U.S. Congress is expected to consider legislation centered around a cap-and-trade system that would reduce […]
Allegations include customer funds withdrawal without disclosure and the issuing of false account statements
The U.S. Commodity Futures Trading Commission has elected commissioner Michael Dunn to serve as acting chairman until U.S. President Obama’s nominee to lead the agency, Gary Gensler, has been confirmed by the U.S. Senate.Dunn succeeds Walter Lukken who has served as acting chairman since June 27, 2007, but resigned as acting chairman of the CFTC […]
Enforcement division filed 40 new actions for manipulation or attempted manipulation in the energy markets
Clerk disclosed non-public information to Nymex floor brokers
Regulator orders Eustace to pay more than US$279 million in restitution
The U.S. Commodity Futures Trading Commission today announced the formation of a special task force charged with investigating and litigating fraud in the off-exchange retail foreign currency market.The creation of the task force within the CFTC’s Division of Enforcement comes following Congress passing legislation that clarified and strengthened the CFTC’s jurisdiction over this market. The […]
Alleged Ponzi scheme fleeced 900 U.S. investors
Mocek, director of the Division of Enforcement since March 2002, is leaving the commission to return to private practice as a partner in the Energy and Derivatives Markets Practice Group at McDermott Will & Emery. He joined the CFTC in 1998, and held several titles at the commission, including special counsel to chairman James Newsome, […]