Tag Archives: Commodity Exchange Act

CFTC Orders David Kaup And His Companies To Pay More Than $1.89 Million To Settle Fraud Charges

In the Matter of David Kaup, et al., CFTC Docket No. 13-03.  On October 23, 2012, the CFTC announced it issued an order settling fraud charges against David Kaup and his companies.  Kaup and his companies solicited investments from individuals by claiming … Continue reading

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CFTC Orders Morgan Stanley To Pay $200,000 For Failure To Supervise Customer Accounts

In the Matter of Morgan Stanley Smith Barney LLC, CFTC Docket No. 13-02.  On October 22, 2012, the CFTC announced it issued an order filing and settling charges that Morgan Stanley failed to diligently supervise the handling of customer accounts.  … Continue reading

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CFTC Charges David Nunn In Illegal Trading Scheme

CFTC v. David M. Nunn, Case No. 12-civ-7786 (S.D.N.Y.).  On October 18, 2012, the CFTC announced it filed charges against David M. Nunn, a former broker of ICE Futures U.S. Inc.  Dunn engaged in non-competitive and fictitious sales of coffee … Continue reading

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CFTC Orders Farr Financial, Inc. to Pay $280,000 to Settle Supervision Failures and Other Violations

In the Matter of Farr Financial, Inc.., CFTC Docket No. 13-01.  On October 10, 2012, the CFTC announced it issued an order settling charges that  Farr Financial Inc. of San Jose, California, failed to properly invest customer segregated funds and … Continue reading

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CFTC Obtains $1.4 Million in Penalties in Ponzi Scheme

CFTC v. Midway Trading Company, LLC, et al., Case No. 11-23554-CIV-ROSENBAUN (S.D. Fl.).  On October 1, 2012, the CFTC announced that it obtained an order requiring Oscar Hernandez, Midway Trading Company, LLC and Conquest Investment Group, Inc. to pay a $1.4 million … Continue reading

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CFTC Obtains Final Judgment Requiring Gordon A. Driver and His Companies to Pay Over $41 Million in Restitution and Penalties

CFTC v. Gordon A. Driver et al., Case No. SA 09-CV-0578-ODW (RZx) (C.D. Cal.).  Yesterday the CFTC announced a final judgment and permanent injunction order against Gordon A. Driver, Axcess Automation LLC (“Axcess Automation”), and Axcess Fund Management LLC (“Axcess … Continue reading

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CFTC Charges Christopher Daley and TC Credit Services, LLC with Solicitation Fraud and Misappropriation

CFTC v. Christopher D. Dailey et al., Case No. 12 CV 1834 (D. Tex.)  The CFTC announced on July 11, 2012, the filing of an enforcement action, charging Christopher D. Daley and his firm, TC Credit Service, LLC (“TCCS”) with operating … Continue reading

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CFTC Files Fraud Charges Against Peregrine Financial Group, Inc. and Russell R. Wasendorf, Sr.

CFTC v. Peregrine Financial Group, Inc., et al., Case No. 1:12-cv-05383 (N.D. Ill.)  On July 10, 2012, the CFTC filed a complaint against Peregrine Financial Group, Inc. (“PFG”), a registered futures commission merchant, and its owner, Russell R. Wasendorf, Sr.  The … Continue reading

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CFTC Obtains Court Order Requiring Robert Mihailovich, Sr. and Growth Capital Management LLC to Pay $9.3 Million

CFTC v. Growth Capital Management, LLC, et al., Case No. 3:10-CV-1473-B (D. Tex.)  On July 9, 2012, the CFTC announced it obtained an order requiring Robert Mihailovich, Sr. and Growth Capital Management LLC (“GCM”) to pay approximately $9.3 million for … Continue reading

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Illinois Federal Court Orders Richard C. Regan and Pro Trading Course, LLC to Pay $600,000 Restitution and Civil Monetary Penalties

CFTC v. Richard Regan et al., Case No. 1:11-cv-08679 (N.D. Il.).  On June 14, 2012, the CFTC announced an order of default judgment and permanent injunction against Richard C. Regan and Pro Trading Course, LLC (“PTC”) of La Jolla, CA.  The … Continue reading

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