Tag Archives: commodity-futures-trading-commission


U.S. agencies fine Amaranth hedge fund $15 million

Reuters UK – Amaranth Advisors, the largest collapsed hedge fund in history, has been ordered to pay $15 million in civil fines for attempting to manipulate natural gas markets, federal agencies said on Wednesday. The Commodity Futures Trading Commission said […]

30-Something Hedge Fund Billionaire Urges Energy Market Reform

The Business Insider – We’re eagerly awaiting the testimony of energy fund billionaire John Arnold before the Commodity Futures Trading Commission today, and not just for the obvious reasons. Former Enron trader Arnold presumably became the second-youngest self-made billionaire in […]

Hyland Says ‘Gibberish’ to Cite Fund for Price Rise

Bloomberg – John Hyland, chief investment officer for the world’s largest exchange-traded fund in natural gas, said assertions that his company helped drive up energy prices were ”self-serving statistical gibberish.” ”Any time someone tells you that common sense tells you […]

Big oil speculator defends practice in Washington

The Daily Advertiser – John Hyland’s funds control billions of dollars that flow in and out of energy markets, making him one of the biggest oil speculators in the world and also one of the biggest potential targets for federal […]

Major U.S. exchange chief urges SEC-CFTC merger

Bloomberg – The two main regulators of U.S. financial markets should merge, the chief executive of America’s largest options exchange says in remarks to be delivered to a congressional panel on Friday. William Brodsky, CEO of the Chicago Board Options […]

U.S. regulator to identify hedge fund bets in commods

Reuters – The regulator of U.S. commodity markets said on Tuesday his agency’s weekly Commitments of Traders report will be revamped to include hedge fund positions for better transparency. "Enhancing the quality of information in these weekly reports will better […]

Chicago Hedge Fund Manager Indicted

New York Times – The managing director of a collapsed Chicago hedge fund, Lake Shore Asset Management, was indicted by a federal grand jury. Prosecutors say the director, Philip J. Baker, operated a $300 million fraud. The 27-count indictment was […]

A fund manager who protested too much

Globe and Mail – When Mark Bloom was arrested last week in New York for allegedly bilking clients of North Hills Fund, the case marked a new low in the hedge fund world. Not just because Mr. Bloom had allegedly […]

Texas Hedge Fund Manager Bilks $10.9 Million From 250 Investors

New York (HedgeCo.Net) – Hedge fund manager Ray M. White and his company, CRW Management, LP, have been charged today by the Commodity Futures Trading Commission of swindling at least $10.9 million from over 250 investors through an alleged Ponzi […]

Red Flags, New Evidence May Help Convict Deaf Ponzi Schemer

New York (HedgeCo.Net) – Marvin Cooper, who allegedly swindled deaf investors through his money management firm-turned Ponzi scheme, is maintaining his innocence despite new evidence uncovered Monday in federal court.   "Nobody’s been defrauded," Cooper’s attorney, Michael Glenn told the […]

Two New York Money Managers Charged with Futures Fraud

New York (HedgeCo.Net) – Two New York residents were charged yesterday by the Commodity Futures Trading Commission after allegedly misappropriating at least $553 million of client’s funds.  Stephen Walsh of Sands Point, NY and Paul Greenwood of North Salem, NY […]