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CFTC Revokes Registrations of Forex CTA Veruus Wealth Management after Theft
- The Denver-based Forex CTA and CPO just lost its titles as the CFTC yanked back its registrations after civil theft was found to have been committed, involving a Forex Managed account with some $339,517 of investors funds.
Thursday, 20/02/2014 | 22:31 GMT by
Steven Hatzakis
US Considers Stringent Capital Adequacy Requirement for CPOs & CTAs
- Following in the footsteps of the FX industry's regulations on net capital adequacy, US financial regulatory authorities are investigating the possibility of implementing a net capital requirement on CPOs and CTAs
Thursday, 23/01/2014 | 18:25 GMT by
Andrew Saks McLeod
More Misappropriation Found by NFA as R2 Capital Gets Served MRA
- The NFA has announced that it is taking emergency action against R2 Capital Group LLC. A CPO, R2 Capital recently became an NFA Member in September and is accused of misappropriating $1.2 million.
Tuesday, 24/12/2013 | 11:29 GMT by
Ron Finberg
Commodity Pool Operator Dips Into Customer's Funds Via Loan, CFTC Alleges in Filed Complaint
- CFTC Alleges Alexander Glytenko of Direct Investment Products (DIP) solicited 761 investors for $3.9M and then misappropriated customers funds via a $464,000 personal loan against the CPO pool that hasn't been repaid.
Thursday, 12/12/2013 | 20:56 GMT by
Steven Hatzakis
NFA Putting the Squeeze On AlphaMetrix, Forced to Pay $600,000 By November 1st
- Following last week’s report that the NFA was removing AlphaMetrix360 as its third party vendor, the regulator has now notified its parent company, AlphaMetrix Group LLC that it has until November 1st to repay $600,000
Tuesday, 22/10/2013 | 09:16 GMT by
Ron Finberg
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