Bad Boys

CFTC Orders Proprietary Trading Firm to Pay Record $67.4 Million for Spoofing

Futures Magazine

November 7, 2019

U.S. Commodity Futures Trading Commission today issued an order filing and settling charges against Tower Research Capital LLC, a proprietary trading firm, arising from a manipulative and deceptive scheme, spanning nearly two years and involving thousands of occasions of spoofing in equity index futures.

Wasendorf will get the attention he so desperately craved

Daniel P. Collins

June 11, 2014

This was no small fraud. Coming on the heels in the MF Global debacle, it threatened the entire futures industry structure. One fraud and violation of customers segregated funds is an anomaly, two might be considered a trend.

$300 million gold scam reveals regulatory lapse

Jeff Joseph

May 29, 2014

Despite the mountains of regulations that Washington prescribes each year, it seems that the agencies in charge of enforcement tend to prefer a pillow instead of a hammer.

$300 million gold scam reveals regulatory lapse

Jeff Joseph

May 29, 2014

Despite the mountains of regulations that Washington prescribes each year, it seems that the agencies in charge of enforcement tend to prefer a pillow instead of a hammer.

Corzine loses bid for dismissal of CFTC’s MF Global lawsuit

Christie Smythe and Patricia Hurtado, Bloomberg

January 21, 2014

Jon Corzine lost his bid for dismissal of the U.S. Commodity Futures Trade Commission’s lawsuit over the 2011 collapse of MF Global Holdings Ltd.

10 top global commodity trading firms: Smart money or bad boys?

Ginger Szala

July 25, 2013

In the world of futures trading, the commodity trading firms who focus on the physical world is the plane on which derivatives stand. But who are they?

15 key players in the MF Global bankruptcy

Alanna Byrne

November 16, 2012

On the heels of a Congressional report assigning blame for the firm's collapse, we offer our take on the most important executives, officials and regulators involved in the case

Restoring confidence in the post-MF Global world

Michael J. McFarlin

October 31, 2012

After gaps were revealed in seg funds, the industry responded, but is it enough?

MF Global’s original sin

Elaine Knuth

October 31, 2012

The MF Global bankruptcy has been complicated by an error from the start.

In PFG fraud, everyone loses — except the lawyers

Steve Zwick

September 30, 2012

With the recent fraud at PFGBest essentially torpedoing more than a century of trust, is a major overhaul of retail brokering the only solution?