Category Archives: Futures

CFTC Imposes $400,000 in Sanctions and a 140-Day Trading Ban on Kevin McLaren and Edward Gorman for Unlawful Wash Sales

In the Matter of Kevin McLaren and Edward Gorman, CFTC Docket No. 13-22.  On April 29, 2013, the CFTC announced the filing of a settled Order finding that Kevin McLaren and Edward Gorman engaged in illegal wash sales.  According to … Continue reading

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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 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 Jose S. Rubio in $1.8 Million Commodity Pool Fraud

CFTC v. Jose Rubio et al., Case No. 1:12-cv-22128 (S.D. Ga.).  On June 7, 2012, the CFTC filed an enforcement action against Jose S. Rubio and Rubio Wealth Management, LLC (RWM) alleging they violated the Commodity Exchange Act by defrauding investors … Continue reading

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CFTC Orders Morgan Stanley to Pay $5 Million for Unlawful Noncompetitive Trades

In the Matter of Morgan Stanley & Co., CFTC Docket No. 12-22.  On June 5, 2012, the CFTC issued an order settling charges that, over an 18-month period, Morgan Stanley & Co. unlawfully executed, processed, and reported off-exchange futures trades to … Continue reading

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