The New York Mercantile Exchange (Nymex) has taken disciplinary action against and penalized two exchange members and one non-member for fraudulent trading of natural gas and oil futures.
Tag / Fraudulent
SubscribeFraudulent
Articles from Fraudulent
CFTC Proposal Exempts End-Users from Margin Requirements
“Don’t allocate all [of] your staff to looking at oil and gas reserves. The real bogey in this is going to be systemically risky entities, and that’s not quite frankly the oil and gas companies at this point,” CFTC Commissioner Scott O’Malia said Tuesday.
CFTC Fines Traders for Fraudulent Gas Trading
The Commodity Futures Trading Commission (CFTC) has fined two traders a combined $700,000 for engaging in a fraudulent trade allocation scheme involving natural gas futures contracts and has permanently banned them from trading.
CFTC Fines Traders for Fraudulent Gas Trading
The Commodity Futures Trading Commission has fined two traders a combined $700,000 for engaging in a fraudulent trade allocation scheme involving natural gas futures contracts and has permanently banned them from trading.
Pennsylvania Cracks Down on Shale Scam
In its first crackdown on fraudulent investment activities involving natural gas drilling in the Marcellus Shale, the Pennsylvania Securities Commission (PSC) on Thursday ordered an Allegheny County firm and its owner to stop selling unregistered securities in the state.
CFTC Fines Former Oneok Gas Trader in Fraudulent Scheme
The Commodity Futures Trading Commission (CFTC) on Monday ordered a former natural gas trader for Oneok to pay $25,000 in civil penalties and $31,000 in restitution for his role in a fraudulent scheme to skim profits from Oneok’s natural gas futures contracts trading on the New York Mercantile Exchange.
Suit Against KeySpan Alleges ‘Fraudulent Scheme’
Claiming that KeySpan Corp. violated the Securities Exchange Act of 1934, the law firm of Weiss & Yourman said last week that it is bringing a class action lawsuit against KeySpan and certain individuals associated with the company in the U.S. District Court for the Eastern District of New York. The lawsuit is being brought on behalf of purchasers of KeySpan shares between April 26, 2000 and July 17, 2001.
Suit Against KeySpan Alleges ‘Fraudulent Scheme’
Claiming that KeySpan Corp. violated the Securities Exchange Act of 1934, the law firm of Weiss & Yourman said on Thursday that they are bringing a class action lawsuit against KeySpan and certain individuals associated with the company in the U.S. District Court for the Eastern District of New York. The lawsuit is being brought on behalf of purchasers of KeySpan shares between April 26, 2000 and July 17, 2001.