Elizabeth Padgett

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  U.S. federal court fines two Mexican firms $57M in forex case

  By Press Release  |  March 19, 2013

  The court found that MBFX and MXBK misrepresented their historical performance and issued false reports about customer accounts.

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  CFTC orders UBS to pay $700 million for manipulating Libor

  By Press Release  |  December 19, 2012

  The U.S. Commodity Futures Trading Commission announced an Order today against UBS AG and UBS Securities Japan Co., bringing and settling charges of manipulation, attempted manipulation and false reporting of certain global benchmark interest rates.

• Former Citigroup trader must pay $1.49M restitution

  By Press Release  |  August 8, 2011

  The CFTC says Otmane El Rhazi engaged in numerous noncompetitive and fictitious futures trades to steal money from a Citibank proprietary account.

• CFTC charges two air traffic controllers and trader with forex fraud

  By Press Release  |  June 30, 2011

  CFTC charges two air traffic controllers and commodity trader Michael Gomez with fraud and misappropriation in $1.4 million dollar off-exchange foreign currency scheme

• CFTC charges Citigroup trader with unlawful trading

  By Press Release  |  April 18, 2011

  CFTC charges Citigroup trader Otmane El Rhazi, a Moroccan national, with unlawful trading and misappropriation from a Citibank proprietary account

• CFTC settles charges in fictitious trading scheme

  By Press Release  |  April 12, 2011

  Federal court orders trader to pay $615,000 in disgorgement and a civil monetary penalty for non-competitive trading at his employer’s expense.