News 

CFTC secures final judgment against Paul Greenwood in $1.3bn investment fraud case

“The United States Commodity Futures Trading Commission (CFTC) has secured a final judgment against Paul Greenwood, a defendant in a $1.3 billion investment scam case” reports financefeeds.com. According to the complaint, to cover-up their misappropriation of pool participants’ funds, Greenwood and Walsh manufactured promissory notes to present the appearance that pool participants’ funds had been loaned to them.The defendants defrauded victims by falsely depicting that all pool participants’ funds would be employed in a single investment strategy that consisted of index arbitrage.However, pool participants’ funds were transferred to another entity…

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Speculators increase long bets on U.S. dollar: CFTC, Reuters

“The dollar was buoyed early this week by hopes that a “phase one” U.S.-China trade deal was close to being finalized” writes Midwest Communications Inc for 95kqds.com. The value of the dollar’s net long position, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars, was $15.70 billion in the week to Nov. 12.NEW YORK (Reuters) – Speculators raised their bullish bets on the U.S. dollar in the latest week to the largest position in four weeks, according…

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Crypto Futures Markets News 

Tassat Gets CFTC Approval to Issue Bitcoin Derivatives in US

“The registration brings Tassat closer to launching a crypto derivatives exchange with full oversight from the CFTC, where it hopes to list physically-delivered Bitcoin (BTC) derivatives for institutional investors” writes Marie Huillet for cointelegraph.com. New York-based financial technology firm Tassat — formerly known as  trueDigital — has succeeded in overcoming the first hurdle in its bid to launch a fully-regulated crypto derivatives exchange. This summer, another crypto exchange ErisX, procured a derivatives clearing organization license from the CFTC as part of its plans to make digital asset futures contracts available…

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Futures Markets News 

CFTC orders Tower Research Capital to pay $67.4m in spoofing case

“Generally, after receiving a full or partial fill on the genuine orders, the traders then cancelled the spoof orders” reports financefeeds.com. As a result, the genuine orders would fill sooner, at better prices, or in larger quantities than they otherwise would.The order finds that Tower Research Capital, through three of its traders, engaged in this unlawful activity while trading futures contracts through Tower accounts, which benefited Tower financially while causing over $32.5 million in market losses.In placing the spoof orders, the traders often used an order splitter to enter several…

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Crypto News Platforms 

Binary Options Scams Spread Into Crypto, Time for US Lawmakers to Act

“Already a high-risk investment strategy, binary options platforms are often based online and are hard to regulate” writes Henry Linver for cointelegraph.com. Giving any or all of these to fraudulent binary options platforms can allow malicious actors to steal your identity.In the last two months alone, the CFTC has clamped down on fraudulent binary options schemes operating in the U.S. worth over $15 million.The same is true for binary options trading.Unfortunately, navigating binary cryptocurrency options has proven easier said than done for many inexperienced investors. Source: cointelegraph.com

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Crypto News 

Court Orders $4M in Penalties for Investment Fraud Involving ATM Coin

“A New York court has ordered defendants to pay $4.25 million in penalties for investment fraud involving the cryptocurrency ATM Coin” writes Helen Partz for cointelegraph.com. At the time, the regulator charged the defendants with fraud in connection with a binary options scam involving a virtual currency dubbed ATM Coin.In late September, decentralized data governance startup Band Protocol released its Bitcoin (BTC) and Ether (ETH) binary options app running on the Ethereum’s blockchain.While the court eventually charged that the defendants committed fraud and misappropriated client funds through investment in binary…

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US CFTC Turns Its Fintech Lab Into an Independent Office in D.C.

“The United States Commodity Futures Trading Commission (CFTC) gives its fintech research unit LabCFTC status as an independent operating office” writes Helen Partz for cointelegraph.com. The primer is a public educational tool for market participants and consumers, and is part of LabCFTC’s effort to provide information about fintech innovation to the public.In addition to LabCFTC’s new status, the office also released its primer on artificial intelligence in financial markets.Established by the CFTC in 2017 with the goal of engaging with the fintech community, LabCFTC will now be reporting directly to…

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Crypto Futures Markets News 

CFTC Chair Says Ether Futures ‘Likely’ in 2020

“Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert believes the crypto world will see ethereum futures contracts sometime in 2020” reports coindesk.com. However, it remains unclear who might actually be interested in offering ether futures contracts to the U.S. market.The process would be similar to approving bitcoin futures contracts.He added: There may be a demand for other futures contracts.He went on to add: Tarbert first declared ether a commodity earlier this month, announcing that his agency would be willing to approve futures contracts on the world’s second-largest cryptocurrency by market…

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Crypto News 

CFTC Charges Head of Crypto Escrow Service with $7M Bitcoin Fraud

“The United States Commodity Futures Trading Commission (CFTC) charged Jon Barry Thompson, the head of a Bitcoin escrow service, with a $7 million Bitcoin (BTC)-related fraud” writes Marie Huillet for cointelegraph.com. The agency seeks restitution, disgorgement, civil monetary penalties, permanent trading and registration bans, and a permanent injunction against all further violations of the Commodity Exchange Act and the CFTC’s regulations. Source: cointelegraph.com

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