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Showing posts with the label CFTC | Press Release.

CFTC | Press Release -772018: CFTC Charges Charles H. McAllister of Alabama with Engaging in a Fraudulent Precious Metals Scheme on April 30, 2018.

cftc.gov CFTC Charges Charles H. McAllister of Alabama with Engaging in a Fraudulent Precious Metals Scheme April 30, 2018 McAllister Charged with Two Counts of Wire Fraud and One Count of Money Laundering in a Related Criminal Action Washington, DC – The Commodity Futures Trading Commission (CFTC) filed a federal civil enforcement action in the U.S. District Court for the Western District of Texas against Defendant Charles H. McAllister , of Auburn, Alabama, charging him with fraud and misappropriation in connection with contracts of sale of precious metals through his company, BullionDirect, Inc . (BDI).   McAllister has never been registered with the CFTC in any capacity.   McAllister & BDI Allegedly Defrauded Thousands of Customers throughout the United States The CFTC Complaint alleges that from August 15, 2011 through July 20, 2015, McAllister and BDI defrauded thousands of customers throughout the United States who purchased precio

CFTC | Press Release - March 31, 2014: CFTC, OFR Sign Memorandum of Understanding to improve Data Quality.

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CFTC, OFR Sign Memorandum of Understanding to Improve Data Quality 03/31/2014 10:56 AM EDT The Commodity Futures Trading Commission Acting Chairman Mark Wetjen and Office of Financial Research Director Richard Berner today announced a Memorandum of Understanding on the terms and conditions for the CFTC and OFR to begin a joint project to enhance the quality, types and formats of data collected from registered swap data repositories.

CFTC | Press Release February 20, 2014: CFTC Revokes Registrations of Oregon Resident Joshua W. Wallace and His Company, System Capital, LLC.

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RELEASE: PR6861-14 February 20, 2014 CFTC Revokes Registrations of Oregon Resident Joshua W. Wallace and His Company, System Capital, LLC Washington, DC  – The U.S. Commodity Futures Trading Commission (CFTC) today announced the revocation of the registrations of  Joshua W. Wallace , a resident of Oregon, and his Oregon-based company,  System Capital, LLC  (System Capital). System Capital was registered with the CFTC as a Commodity Trading Advisor and Wallace was registered as an Associated Person of System Capital. Wallace is the sole principal and president of System Capital. The CFTC filed a civil Complaint against Defendants Wallace and System Capital on November 23, 2010, charging them with solicitation fraud and making false statements to the National Futures Association (NFA) (see CFTC Press Release  5940-10 ). Subsequently, on March 14, 2013, the U.S. District Court for the Southern District of New York entered an Order of permanent injunction against the D

CFTC | Press Release January 13, 2014: CFTC Issues Time-Limited No-Action Relief from Compliance with Certain Conditions Associated with the Receipt of Customer Funds by Futures Commission Merchants.

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CFTC Issues Time-Limited No-Action Relief from Compliance with Certain Conditions Associated with the Receipt of Customer Funds by Futures Commission Merchants 01/13/2014 02:31 PM EST The U.S. Commodity Futures Trading Commission’s (Commission) Division of Swap Dealer and Intermediary Oversight (DSIO) issued a no-action letter that provides time-limited relief with respect to compliance with certain conditions associated with the receipt of customer funds by futures commission merchants (FCMs) pursuant to Commission Regulations 1.20, 22.2, and 30.7.