Tag Archives: CFTC

Floor Broker Fined $150,000 by the CFTC for “Spoofing” Wheat CME Futures

Floor Broker Fined $150,000 by the CFTC for “Spoofing” CME Wheat Futures Market The CFTC fined Anuj C. Singhal $150,000 to settle charges for “spoofing” the Chicago Mercantile Exchange (CME) wheat futures market. The relevant period of the offense was … Continue reading

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U.S. federal court holds that CFTC can regulate virtual currencies as commodities

On March 6, 2018, in a fraud proceeding involving a virtual currency product, a New York federal court held that virtual currencies can be regulated by the Commodity Futures Trading Commission (CFTC) as commodities. This ruling marks the first federal … Continue reading

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CFTC funding cut will put markets at risk, Commissioner Behnam warns

By Lene Powell, J.D. CFTC Commissioner Rostin Behnam sharply criticized the omnibus spending bill’s $1 million funding cut for the CFTC, warning that inadequate funding will leave derivatives markets and the public vulnerable to systemic risk and manipulation. Noting that … Continue reading

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CFTC Asks Court To Serve Summons Through Email for Bitcoin Scammer Dillon Dean

CFTC Asks Court To Serve Summons Through Email for Bitcoin Scammer Dillon Dean Bitcoin binary options trader Dillon Michael Dean is strategically avoiding the CFTC court summons accusing him and his company of fraud. On January 18th the Commission filed … Continue reading

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Federal Judge Sides With CFTC in Patrick McDonnell Bitcoin Fraud Case

Federal Judge Sides With CFTC in Patrick McDonnell Bitcoin Fraud Case In January 18, 2018 the CFTC filed a complaint against Patrick McDonnell and his company CabbageTech, Corp. d/b/a Coin Drop Markets charging them with fraud in purchases and trading of … Continue reading

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