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CFTC Orders Société Générale S.A. To Pay $1.5 Million For Mid-Market Mark, Swap Valuation Data And Supervision Failures

CFTC Orders Société Générale S.A. To Pay $1.5 Million For Mid-Market Mark, Swap Valuation Data And Supervision Failures
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CFTC Orders Florida Man And His Company To Pay Over $397,000 In Connection With A Digital Assets Solicitation Scheme


CFTC Orders Florida Man And His Company To Pay Over $397,000 In Connection With A Digital Assets Solicitation Scheme
Date
20/04/2021
The Commodity Futures Trading Commission announced today that it has issued an order filing and settling charges against Jozef Gherman of Florida and J Squared LLC, a Florida limited liability company, for making misleading statements or omitting material facts in connection with soliciting more than $300,000 from over 40 individuals to invest in digital assets. Gherman was an employee and one of the founders of J Squared and was its principal owner and CEO.
The order requires Gherman and J Squared to pay a $150,000 civil monetary penalty, with the amount to be paid by each capped at $75,000, and any post-judgment interest. The order also requires Gherman and J Squared to pay $247,110 in restitution, with the amount to be paid by each capped at $123,555, and any post-judgment interest. In addition, the order imposes a 10-ye ....

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CFTC: Federal Court Sanctions Former New Jersey Energy Broker For Role In Disclosures Of Material Nonpublic Information


CFTC: Federal Court Sanctions Former New Jersey Energy Broker For Role In Disclosures Of Material Nonpublic Information
Date
23/02/2021
The Commodity Futures Trading Commission today announced that the U.S. District Court for the Southern District of New York entered a consent order on February 19, 2021, resolving CFTC charges that Ron Eibschutz, a former energy broker and New Jersey resident, sought and obtained disclosures of material nonpublic information from two former employees of the New York Mercantile Exchange (NYMEX) in violation of the Commodity Exchange Act (CEA) and CFTC regulations.
The order finds Eibschutz, who was a broker of energy futures and options, liable for aiding and abetting the NYMEX employees’ illegal disclosures. The order permanently bans Eibschutz from trading commodity interests and registering with the CFTC. The order also enjoins him from future violations of the CEA and CFTC regulations, as charged, and imposes a $75,000 ci ....

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