Precious metals dealer charged in $61m fraud targeting elderly
Hundreds of investors were tricked into selling retirement funds to invest in a precious metals scheme that included far greater markups than promised.
Hameed Shuja4 min read
Julie DiMauro2 min read
Hameed Shuja3 min read
This CFTC Rule implements CEA 1936 Section 6(c)(1).
The CFTC has interpreted this rule broadly to extend its traditional jurisdiction beyond future, options, and swaps to pursue fraud in cryptocurrencies and digital assets.
An exception to the prohibition contained in 180.1(a)(4) ensures that any person who mistakenly communicates a false, misleading, or inaccurate report and does this in good faith will not be caught out by the rule.
Precious metals dealer charged in $61m fraud targeting elderly
Hundreds of investors were tricked into selling retirement funds to invest in a precious metals scheme that included far greater markups than promised.
Martina Lindberg1 min read
CFTC should regulate crypto exchanges says Commissioner
The risks posed by cyber attacks and lack of meaningful oversight of cryptocurrencies should result in regulatory intervention, says CFTC Commissioner.
Thomas Hyrkiel2 min read
Conviction secured in groundbreaking prosecution for manipulating Mango Markets
First-ever cryptocurrency market manipulation case as DOJ seals conviction for theft of over $100m in digital assets from the crypto exchange.
Martina Lindberg2 min read
Enforcement
Precious metals dealer charged in $61m fraud targeting elderly
CFTC
CFTC should regulate crypto exchanges says Commissioner
Enforcement
Conviction secured in groundbreaking prosecution for manipulating Mango Markets
Nominated agency heads promise deregulation and rulemaking clarity.
Alexander Barzacanos2 min read
Eyebrows have been raised over Elon Musk's attempt to access federal payment systems and other sensitive information.
Hameed Shuja2 min read
Pilot program and collaboration with industry executives, plus leadership changes, reflect regulatory shift at CFTC.
Julie DiMauro2 min read
Other news includes the UK Home Office forcing Apple to provide encrypted data, US states going after BlackRock for concealing Chinese investment, and ESMA launching public consultations related to EMIR 3.
GRIP1 min read
Strategy is to target bad actors rather than impose 'unnecessary burdens' on legitimate players.
Julie DiMauro2 min read
Latest news and developments from the world of crypto.
Hameed Shuja3 min read
Caroline Pham served as CFTC Commissioner for two years before being tapped for the acting chair role, and previously was Managing Director of Citigroup.
Julie DiMauro2 min read
Dan Nikci, Founder and Managing Partner of Applied Fund Solutions, discusses his work with the alternative investment community.
Alexander Barzacanos20 min listen