Tag: CFTC

Federal Court Orders Yorkshire Group to Pay More Than $1.56 Million for Illegal Precious Metals Transactions

Federal Court Orders Yorkshire Group to Pay More Than $1.56 Million for Illegal Precious Metals Transactions

By Commodity Futures Trading Commission ….   The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court default judgment Order Adopting the Report and Recommendation (Order) against Defendants The Yorkshire Group, Inc. (Yorkshire) and its principal Scott Platto. The Order stems from a CFTC Complaint, filed on September 25, 2013, that charged the Defendants […]

By October 20, 2016 1 Comments Read More →
CFTC Charges Florida-Based Kelvin Burgos with Illegal, Off-Exchange Precious Metals Transactions

CFTC Charges Florida-Based Kelvin Burgos with Illegal, Off-Exchange Precious Metals Transactions

By Commodity Futures Trading Commission ….   The U.S. Commodity Futures Trading Commission (CFTC) filed a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against Florida-based Defendants KB Concepts Group, LLC d/b/a Apex Asset Advisors, LLC (Apex) and Kelvin Burgos, Apex’s president, controlling person, and managing member responsible […]

By September 25, 2016 0 Comments Read More →
CFTC Wins Fraud Trial against Florida-Based Precious Metals Trader & His Companies

CFTC Wins Fraud Trial against Florida-Based Precious Metals Trader & His Companies

Robert Escobio and His Companies are Permanently Banned from Commodity Trading and Registration, and Ordered to Pay Approximately $2.5 Million in Restitution and Penalties By Commodity Futures Trading Commission ….   The U.S. Commodity Futures Trading Commission (CFTC) announced today a victory after trial involving a fraudulent precious metals scheme perpetrated by Robert Escobio of […]

By September 19, 2016 0 Comments Read More →
Federal Court Orders Nevada Precious Metal Trading Company to Pay More than $1.4 Million

Federal Court Orders Nevada Precious Metal Trading Company to Pay More than $1.4 Million

Federal Court in Nevada Orders My Global Leverage, LLC and Toney Blondo Eggleston to Pay More than $1.4 Million in Restitution and a Monetary Penalty for Engaging in Illegal, Off-Exchange Precious Metals Transactions By Commodity Futures Trading Commission ….   The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Andrew P. Gordon of the […]

By September 17, 2016 0 Comments Read More →
International Monetary Metals Ordered to Pay over $9.8 Million for Illegal Precious Metals Transactions

International Monetary Metals Ordered to Pay over $9.8 Million for Illegal Precious Metals Transactions

In CFTC Enforcement Action, Federal Court Orders Florida Resident Martin Sommers and His Company International Monetary Metals, Inc. to Pay over $9.8 Million for Engaging in Illegal, Off-Exchange Precious Metals Transactions and Registration Violations By Commodity Futures Trading Commission ….   On August 12, 2016, the U.S. Commodity Futures Trading Commission (CFTC) announced that Judge […]

By August 22, 2016 0 Comments Read More →
Witch-Hunt Fails in Silver Futures Trading; CFTC

Witch-Hunt Fails in Silver Futures Trading; CFTC

by Guillermo Miguel Perez-Santalla I have to admit, it amazes me how easily the government spends our money. In 2008 the CFTC received a series of complaints about the silver market. According to their release today the most widely asserted complaint was that because silver product prices such as coins and bullion were higher that […]

Gold Speculation and the Comex

Gold Speculation and the Comex

By Ben Traynor – BullionVault ………….. What exactly does ‘speculative net long’ mean…? EVERY FRIDAY, the Commodity Futures Trading Commission publishes data that enable analysts to ‘take the pulse’ of various commodity markets. The Commitments of Traders (CoT) report gives the aggregate positions held by traders from the previous Tuesday, including the number of long contracts (that […]

Patrick Heller Talks about Gold Price Investigation Probe. VIDEO: 3:57

Patrick Heller Talks about Gold Price Investigation Probe. VIDEO: 3:57

Interviewer: David Lisot The Wall Street Journal’s front page article about the investigation in the pricing of gold has been a topic of interest for gold and sliver dealers for some time. Patrick Heller writes and comments about precious metals and offers some insight into this continuing story. Copyright © CoinWeek LLC. March, 2013 Whitman […]

By March 20, 2013 1 Comments Read More →
Silver Stalls, Gold Gains as CFTC Clarifies London Fix Investigation, US Inflation Rises

Silver Stalls, Gold Gains as CFTC Clarifies London Fix Investigation, US Inflation Rises

GOLD ticked higher but silver prices stalled Friday morning, as a rise in Asian stock markets failed to carry over into European or pre-opening trade in US equities. The Euro currency rose sharply through $1.30, knocking the gold price in Euros back below €1220 per ounce, virtually unchanged for the week. Sterling gold prices slipped […]

 
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