News Centre

CFTC Orders Angus Partners LLC D/B/A Angus Energy To Pay A $250,000 Civil Penalty For Acting As An Unregistered Commodity Trading Advisor And For Disclosure Violations

Date 30/09/2016

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it entered an Order requiring Angus Partners LLC D/B/A Angus Energy (Angus), a Florida limited liability company with its principal place of business in Fort Lauderdale, Florida, to pay a $250,000 civil monetary penalty for acting as an unregistered Commodity Trading Advisor (CTA) and for violating certain disclosure rules applicable to CTAs.

Appointment Of NZX Head Of Market Operations

Date 30/09/2016

NZX is pleased to announce the appointment of Benjamin Phillips as Head of Market Operations. Benjamin has held the Head of Clearing role at NZX since joining in September 2014.

CFTC Orders Aden Rusfeldt To Pay In Total More Than $3.2 Million In Restitution And A Civil Monetary Penalty For Fraudulent Omissions In Connection With His Operation Of ETF Trend Trading - Rusfeldt Failed To Disclose That He Was Sued By The CFTC For Fraud In 2007 And Permanently Enjoined From Engaging In Any Commodity Interest Related Activity

Date 30/09/2016

The U.S. Commodity Futures Trading Commission (CFTC) today filed an Order instituting proceedings and settling charges against Respondent Aden Rusfeldt (a/k/a “Big A”) of Vail, Arizona. The CFTC Order finds that Rusfeldt fraudulently failed to disclose to prospective and current customers of his company, ETF Trend Trading, that he was prohibited from engaging in any commodity-interest related activity under a prior Court Order.

SEC: Casino-Gaming Company Retaliated Against Whistleblowe

Date 29/09/2016

The Securities and Exchange Commission today announced that casino-gaming company International Game Technology (IGT) has agreed to pay a half-million dollar penalty for firing an employee with several years of positive performance reviews because he reported to senior management and the SEC that the company's financial statements might be distorted.

Office Of The Comptroller Of The Currency Assesses Penalty Against Wells Fargo - Orders Restitution For Violations Of The Servicemembers Civil Relief Act

Date 29/09/2016

The Office of the Comptroller of the Currency (OCC) today assessed a $20 million civil money penalty against Wells Fargo Bank, N.A., and ordered the bank to make restitution to servicemembers who were harmed by the bank’s violations of the Servicemembers Civil Relief Act (SCRA).

SEC: Biotech Employee Charged With Insider Trading Ahead Of Company’s Announcements About Breast Cancer Drug

Date 29/09/2016

The Securities and Exchange Commission today charged the former senior director of regulatory affairs for Puma Biotechnology with insider trading ahead of the company’s news announcements about its drug to treat breast cancer.

US Justice Department: Och-Ziff Capital Management Admits To Role In Africa Bribery Conspiracies And Agrees To Pay $213 Million Criminal Fine - Och-Ziff Enters Into Three-Year Deferred Prosecution Agreement; Subsidiary Pleads Guilty To Conspiracy To Violate The Foreign Corrupt Practices Act

Date 29/09/2016

A New York-based alternative investment and hedge fund manager, Och-Ziff Capital Management Group LLC (Och-Ziff), and its wholly-owned subsidiary, OZ Africa Management GP LLC (OZ Africa), entered into resolutions to resolve criminal charges and agreed to pay a criminal penalty of more than $213 million in connection with a widespread scheme involving the bribery of officials in the Democratic Republic of Congo (DRC) and Libya.     

CFTC Charges Options Trader Thomas C. Lindstrom With Fraud - CFTC Alleges Lindstrom’s Scheme Caused His Employer More Than $13.9 Million In Losses And Led To The Collapse Of Rock Capital Markets, LLC In Early 2015, After More Than 23 Years In Business

Date 29/09/2016

The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement Complaint, charging Thomas C. Lindstrom, of Winnetka, Illinois, with fraud in connection with his trading of options on 10-year U.S. Treasury note futures (T-Note Options). Lindstrom is registered with the CFTC as a floor broker, has been a member of the Chicago Board of Trade (CBOT) since 1993, and is a long-time trader of T-Note Options offered on the CBOT.

Federal Reserve Chair Janet L. Yellen At The "Banking And The Economy: A Forum For Minority Bankers," Sponsored By The Federal Reserve Bank Of Kansas City, Kansas City, Missouri (Via Videoconference), September 29, 2016, Brief Remarks

Date 29/09/2016

Watch live 

Thank you, and I also would like to thank the organizers of this forum for arranging for me to be part of your conversation, on a day when other business unfortunately prevents me from travelling to Kansas City.

CFTC Orders Jon P. Ruggles To Disgorge More Than $3.5 Million In Trading Profits And Pay A $1.75 Million Penalty For His Illegal Futures And Options Trading - Ruggles Misappropriated His Former Employer’s Confidential, Nonpublic Trading Information To Benefit His Personal Trading

Date 29/09/2016

The U.S. Commodity Futures Trading Commission (CFTC) today entered an Order filing and settling charges against Jon P. Ruggles of Orlando, Florida, for engaging in fraudulent, fictitious, and noncompetitive trades in crude oil and heating oil futures and options and RBOB gasoline futures on the New York Mercantile Exchange (NYMEX), a division of CME Group, from March 2012 to December 2012. During that time, Ruggles resided and worked in Atlanta, Georgia.