South Florida Arbitration & Litigation Lawyer Blog

SEC v. Yorkville Advisors, LLC, Mark Angelo and Edward Schinik, Civil Action No. 12-CV-7728 (S.D.N.Y.) (GBD) (filed October 17, 2012) SEC Charges Hedge Fund Adviser and Two Executives with Fraud The Securities and Exchange Commission recently announced the filing of a civil enforcement action in the United States District Court for the Southern District of…

CFTC Charges Florida Resident William Jeffery Chandler with Forex Fraud and Misappropriation Federal court enters emergency order freezing defendant’s assets and protecting books and records The U.S. Commodity Futures Trading Commission (CFTC) recently announced that on September 11, 2012, Judge James D. Whittemore of the U.S. District Court for the Middle District of Florida entered…

Florida Federal Court Orders Claudio Aliaga and His Company, CMA Capital Management, LLC, to Pay $5.5 Million in Penalties and Restitution for Operating a Forex Ponzi Scheme The U.S. Commodity Futures Trading Commission (CFTC) recently announced that it obtained a judgment for $5.5 million in restitution and civil monetary penalties against Claudio Aliaga and CMA…

Federal Court Orders Martin B. Rosenthal to Pay $1.2 Million for Aiding and Abetting the Making of False Statements to the NFA, Failing to Register as a Commodity Trading Advisor, and Violating a Previous CFTC Order The U.S. Commodity Futures Trading Commission (CFTC) recently announced that it obtained a federal court order requiring Martin B.…

Federal Court Orders Oscar Hernandez and His Companies to Pay $1.4 Million in Penalties and Bars Him from the Commodities Industry for Operating a Commodity Pool Ponzi Scheme In a related criminal proceeding, Hernandez sentenced to 57 months imprisonment and ordered to pay restitution The U.S. Commodity Futures Trading Commission (CFTC) recently announced that it…

Federal Court in Florida Imposes $350,000 Penalty against GlobeFX Club, Inc. and Jeremy Munson Globe for Making False Statements to the National Futures Association and Permanently Bars Defendants from Commodities Industry: The U.S. Commodity Futures Trading Commission (CFTC) recently obtained a federal court consent order of permanent injunction requiring defendants GlobeFX Club, Inc. (GFC) and…

Final Judgments Entered Against Derek F.C. Elliott On October 5, 2012 the Honorable James C. Mahan, United States District Judge for the District of Nevada, entered a Final Judgment against Derek F.C. Elliott (Elliott). On May 24, 2012, the United States Securities and Exchange Commission filed a complaint, in the United States District Court for…

In the Matter of Rick Cho On October 15, 2012, the Securities and Exchange Commission (Commission) issued an Order Instituting Administrative Proceedings Pursuant to Section 203(f) of the Investment Advisers Act of 1940, Making Findings and Imposing Remedial Sanctions (Order) against Rick Cho. The Order found that Cho was the managing member, president, and chief…

In the Matter of Andre J. Hayden On October 15, 2012, the Securities and Exchange Commission (Commission) issued an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings and Imposing Remedial Sanctions (Order) against Andre J. Hayden. The Order finds that Hayden acted as an unregistered broker,…

In the Matter of Scott E. Johnson On October 15, 2012, the Securities and Exchange Commission (Commission) issued an Order Instituting Administrative Proceedings Pursuant to Section 203(f) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions (Order) against Scott E. Johnson (Johnson). In the Order, the Division of Enforcement found that…