Trendphonic Fined For Phony Futures Claims
Trendphonic Futures Trading has settled with the National Futures Association, which sued the Chicago-based company for attempting to sucker in clients with pitches.
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Derivatives
CFTC Says One Ponzi Used to Pay Off Another
Two individuals accused of running a commodities trading Ponzi scheme only invested about 20% of the funds raised from investors, according to an action by the Commodity Futures Trading Commission, which maintains some of the diverted cash was used to pay off investors in a previous Ponzi scam.
CFTC Looks To Close Registration Loopholes
The Commodities Futures Trading Commission (CFTC) is looking to use the Dodd-Frank legislation to crack down on hedge funds and other investment funds that skirt registration requirements in an effort to avoid government scrutiny.
Loose Lips Lead to NFA Bust
Success in sales is all about the talk, but some brokers CAN let their silver tongues wag too mucH
Institutions Not Immune to Forex Fleecings
While the depredations of the less scrupulous retail forex dealers continue unabated, institutional players are becoming increasingly agitated about how some of the big banks charge for currency trades.
Graphic Evidence: Commodity Prices Escalate
Commodity prices are going up, especially the ones involving materials involved in food production.
As Witching Approaches, Options Trades Take Off
With the next expiration two weeks away, equity options trading is going full bore as players get a handle on the February action.
Super Bowl Week Trades and Fades
Super Bowl madness is gripping the nation, which means it’s a good time for watchful traders to keep both eyes peeled for trades getting passed over in the maelstrom of football hype and party preparations.
NFA Nets Turtle Touting Trader
Chicago Merc trader Richard Dennis became famous for his Turtles, two groups of fledgling traders he trained more or less from scratch in 1983 and 1984
CFTC Says Midnight Trader “Snapped”
Back in the days of fat commissions, corrupt stockbrokers used the old “churn and burn” to execute numerous trades for sole purpose of generating commissions
