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CFTC: Federal Court Orders New Jersey Resident And His Company To Pay Over $5 Million For Fraudulent Solicitation, Misappropriation, And Violation Of Trading Prohibition In Prior Consent Order

<p><span>The Commodity Futures Trading Commission today announced&nbsp;that Judge Zahid N. Quraishi of the U.S. District Court for the&nbsp;District of New Jersey entered a final judgment and consent order resolving charges against defendants&nbsp;Swapnil Rege&nbsp;(Rege) and&nbsp;SwapStar Capital LLC,&nbsp;and relief defendant&nbsp;Reema Rege. The order finds that the defendants engaged in&nbsp;fraudulent solicitation and misappropriation, and that Rege violated a prior CFTC consent order that, among other things, barred him from trading commodity interests for at least three years.&nbsp;The order further finds that Reema Rege received money or profits illegally obtained by the defendants, and is not legally entitled to and has no legitimate claim to such funds.</span></p> ....

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CFTC: Federal Court Orders Precious Metals Traders To Pay Penalties And Imposes Trading Bans For Spoofing And Engaging In A Deceptive Or Manipulative Scheme

<p><span>The Commodity Futures Trading Commission today announced that Judge Steven C. Seeger of the U.S. District Court for the Northern District of Illinois issued final judgments and consent orders against&nbsp;</span><span>James Vorley&nbsp;</span><span>and&nbsp;</span><span>Cedric Chanu</span><span>, former precious metals traders, for spoofing and engaging in a deceptive or manipulative scheme, in violation of the Commodity Exchange Act (CEA) and CFTC regulations.&nbsp;</span></p> ....

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CFTC Charges New Jersey Resident and His Company with Fraudulent Solicitation, Misappropriation, and Violating Consent Order

CFTC Charges New Jersey Resident and His Company with Fraudulent Solicitation, Misappropriation, and Violating Consent Order
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