News Centre

CFTC Charges Georgia-Based Company And Its Chief Executive With Forex Fraud Involving Thirty Customers

Date 29/09/2018

The Commodity Futures Trading Commission (CFTC) filed an enforcement action in the U.S. District Court for the Northern District of Georgia against Defendants Lucrative Pips Corporation and its founder and chief executive officer Kevin Perry, charging the Defendants with commodity fraud and misappropriation related to an ongoing off-exchange foreign currency (forex) scheme in which they solicited and misappropriated funds totaling at least $400,000 from at least 30 customers.

CFTC Charges Block Trade Broker With Insider Trading - Broker’s Firm Is Additionally Charged With Supervisory And Recordkeeping Failures

Date 29/09/2018

The Commodity Futures Trading Commission (CFTC or Commission) today filed a civil enforcement action in the U.S. District Court for the Southern District of New York against EOX Holdings LLC (EOX), an Introducing Broker (IB), and one of its registered Associated Persons (AP), Andrew Gizienskiof Houston, Texas.  The CFTC’s Complaint charges Defendants with misusing material, nonpublic information in connection with block trades of energy contracts on ICE Futures US, in violation of the Commodity Exchange Act (CEA) and CFTC Regulations.  The Complaint also charges EOX with failing to maintain certain required records and failing to diligently supervise its employees.

US Justice Department Hosts Cybersecurity Industry Roundtable

Date 28/09/2018

The Justice Department’s Criminal Division hosted a cybersecurity roundtable discussion yesterday on the challenges in handling data breach investigations.  Assistant Attorney General Brian A. Benczkowski of the Criminal Division delivered opening remarks and served as moderator for the event.  Deputy Attorney General Rod J. Rosenstein, Assistant Attorney General John C. Demers of the Department’s National Security Division and officials from the FBI, U.S. Secret Service, the White House’s National Security Council and U.S. Department of Homeland Security also delivered remarks at the event.  The audience included many of the nation’s leading private-sector practitioners in the field of data breach response and representatives from premier cybersecurity and incident response firms in the country.

CFTC Commitments Of Traders Reports Update

Date 28/09/2018

The current reports for the week of September 28, 2018 are now available.

See previous weeks in Historical Commitments of Traders Reports.

S&P Dow Jones Indices Europe Dashboard

Date 28/09/2018

• The S&P Europe 350® closed September with a small gain; strong contributions from the Energy and Materials sectors helped. 
• Around half of the S&P Europe 350’s represented countries contributed positively to returns this month.  The U.K., France, and Sweden added the most. 
• Italian bonds had a volatile month as the market awaited this week’s budget and fiscal targets produced by the populist coalition government.  

Brokerage Firm To Exit Penny Stock Deposit Business And Pay Penalty For Repeatedly Failing To Report Suspicious Trading

Date 28/09/2018

The Securities and Exchange Commission today announced settled charges against clearing firm COR Clearing LLC for failing to report suspicious sales of penny stock shares totaling millions of dollars.  As part of the settlement, COR has agreed to exit a key penny stock clearing business by significantly limiting the sale of penny stocks deposited at COR. 

New York Attorney General Underwood Announces $10 Million Settlement With Credit Suisse Over Fraudulent Electronic Trading Practices - Credit Suisse Secretly Treated Retail Orders By Everyday Investors Differently, Depending On Whether Execution Quality Would Be Reported - Settlement Marks Latest Case In AG’s Electronic And High-Frequency Trading Initiative – As A Result Of AG Investigations, Four Firms Have Agreed To Pay $130.5 Million In Penalties

Date 28/09/2018

Attorney General Barbara D. Underwood today announced that Credit Suisse Securities (USA) LLC (“Credit Suisse”) has agreed to pay $10 million to settle an investigation into fraudulent practices in connection with Credit Suisse’s Retail Execution Services (“RES”) business. Credit Suisse’s RES division was a wholesale market-making business that executed retail equity orders of everyday investors that Credit Suisse received from retail broker-dealers like Edward Jones, Raymond James, and others.

Credit Suisse Agrees To Pay $10 Million to Settle Charges Related To Handling Of Retail Customer Orders

Date 28/09/2018

The Securities and Exchange Commission today announced that Credit Suisse Securities (USA) LLC has agreed to settle charges brought by the SEC and the Office of the New York Attorney General regarding material misrepresentations and omissions made in connection with its now-closed Retail Execution Services (RES) business’ handling of certain customer orders.  The settlements require Credit Suisse to pay $5 million to the SEC and $5 million to the NYAG for a total of $10 million.

Nasdaq International Hosts Its Fourth Designation Virtual Investor conference

Date 28/09/2018

Nasdaq, Inc. (Nasdaq: NDAQ) announced the conclusion of its Fourth Nasdaq International Designation Virtual Investor conference on September 19, 2018. Select member companies from around the globe presented their current state of business to a broad audience including potential investors. The conference also provided individual and institutional investors an opportunity to engage with CEOs, CFOs, and IROs from a wide range of sectors globally.

TradingScreen's Response To 'TradingScreen Shareholders Association' Lawsuit Update

Date 28/09/2018

In response to today's legal update from the TradingScreen Shareholders Association', TradingScreen issued the following statement:

“After having several meritless, baseless, and frivolous actions and motions ruled against him by three different courts and an AAA arbitration panel, and having fired no less than 9 different legal counsel, Mr. Buhannic is now seeking to sue those who have represented the Company, ruled against him or in his mind somehow otherwise wronged him. This flailing and irresponsible misuse of the legal system to pursue his personal grudges has exceeded the limits of logic.