Category Archives: Commodities

CFTC Settles Fraud Action against Robert Cannone and National Equity Holdings for $3.6 Million

CFTC v. National Equity Holdings, Inc., et al., Case No. SACV 11-1718-JVS (C.D. Cal.).  On April 15, 2013, the CFTC announced it settled with Defendants Robert Cannone and National Equity Holdings, Inc.  The CFTC alleged that Cannone, by and through … Continue reading

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CFTC Files Settled Administrative Action against Barry Sendach, Joshua Kershner and Forex Global Solutions

In the Matter of Forex Global Solutions, et al., CFTC Docket No. 13-20.  On April 9, 2013, the CFTC announced it filed settled administrative charges against Barry Sendach, Joshua Kershner, and their companies, Forex Global Solutions Inc. and Forex Global … Continue reading

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CFTC Files Settled Administrative Action Against Interactive Brokers LLC

In the Matter of Interactive Brokers, LLC, CFTC Docket No. 13-19.  On April 9, 2013, the CFTC announced it filed settled administrative charges against Interactive Brokers, LLC.  Without admitting or denying the charges, Interactive Brokers consented to entry of a … Continue reading

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CFTC Charges Whileon Chay and 4X Solutions in Forex Ponzi Scheme

CFTC v. 4X Solutions, Inc. and Whileon Chay, Case No. 13-CIV-2287 (S.D.N.Y.).  On April 8, 2013, the CFTC announced it filed fraud charges against 4X Solutions, Inc. and its principal, Whileon Chay.  The CFTC alleges that Chay and 4X raised $4.8 … Continue reading

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CFTC Obtains Emergency Order Freezing Assets of Robert Stanley Harrison

CFTC v. Robert Stanley Harrison, Case No. 8:13-cv-00327-GRA (D.S.C.).  On February 11, 2013, the CFTC announced that the U.S. District Court for the District of South Carolina froze the assets of Robert Stanley Harrison.  The CFTC charged Harrison with fraudulently … Continue reading

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CFTC Obtains $325 Million Penalty to Settle LIBOR Case against the Royal Bank of Scotland and RBS Securities Japan Limited

In the Matter of The Royal Bank of Scotland plc and RBS Securities Japan Limited, CFTC Docket No. 13-14.  On February 6, 2013, the CFTC announced it issued a settled Order against the Royal Bank of Scotland and RBS Securities Japan related … Continue reading

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CFTC Sues Halifax Investment Services for Illegal Solicitation of Forex Orders

CFTC v. Halifax Investment Services, Ltd., Case No. 1:13-cv-00892 (E.D.Ill.).  On February 5, 2013, the CFTC announced charges against Halifax Investment Services, Ltd. of Sydney, Australia relating to the solicitation and acceptance of forex orders from U.S. customers without the … Continue reading

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CFTC Files Settled Charges Related to Illegal Off-Exchange Transactions in Precious Metals

In the Matter of Secured Precious Metals International, Inc., Secured Precious Metals Management, Inc. and Linda Laramie, CFTC Docket No. 13-12; In the Matter of Barclay Metals, Inc., Universal Clearing, LLC, Sean Stropp and Sylvia Williams, CFTC Docket No. 13-13.  … Continue reading

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CFTC Obtains Default Judgment against Lincolnshire Trading Partners, LLC

CFTC v. Lincolnshire Trading Partners, LLC, and Scott Geisinger, Case No 2:12-cv-07417-PA-VBK (N.D. Cal.).  On January 18, 2013, the CFTC announced that it obtained a default judgment against Lincolnshire Trading partners, LLC and Scott Geisinger for violating CFTC registration requirements.  The CFTC … Continue reading

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CFTC Charges Matthew Marshall Taylor With Fraud For Faking And Concealing Trades

CFTC v. Matthew Marshall Taylor, Case No. 12-civ-8170 (S.D.N.Y.).  On November 8, 2012, the CFTC announced fraud charges against Matthew Marshall Taylor.  According to the CFTC’s complaint, Taylor was a Vice President and trader for a large Futures Commission Merchant … Continue reading

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