Tagged: business

Jan-Sept 2014 CFTC law suits (enforcement actions)

the following information was copied off the official CFTC website.

___________________________________

CFTC  TRADE COMMISSION

U.S. Commodity Futures Trading Commission
Date

Enforcement Press Releases

See Also:

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CFTC’s Commitment to Open Government

Media Contacts in Office of Public Affairs

  • Steven Adamske
  • 202-418-5080
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TRADING SUSPENSIONS 2014: US Securities and Exchange Commission: Jan-Sep

Trading Suspensions

This page lists recent SEC trading suspensions. The federal securities laws allow the SEC to suspend trading in any stock for up to ten trading days when the SEC determines that a trading suspension is required in the public interest and for the protection of investors. You’ll find answers to many of your questions about trading suspensions — including how they differ from trading halts — in Fast Answers.

As of February 20, 2007, the staff of the Commission will send copies of a Commission Order of Suspension of Trading pursuant to Section 12(k) of the Securities Exchange Act of 1934 solely to parties (the issuer), the Depository Trust Corporation, and National Securities Clearing Corporation.

Third Quarter | Second Quarter | First Quarter

Additional Trading Suspensions available

RSS Feed  SEC Trading Suspensions RSS Feed

Release No. Date Entity
Third Quarter
34-73136 Sep. 18, 2014 Gepco, Ltd.
See also Order
34-73134 Sep. 18, 2014 AGR Tools, Inc., et al.
See also Order
34-73090 Sep. 15, 2014 Asian Dragon Group, Inc., et al.
See also Order
34-73088 Sep. 15, 2014 Adarna Energy Corporation, et al.
See also Order
34-72980 Sep. 4, 2014 Bay Acquisition Corp. (a/k/a SecureLogic Corp.) (n/k/a Goozex Holdings, Inc.), et al.
See also Order
34-72978 Sep. 4, 2014 Asia Cork, Inc., et al.
See also Order
34-72939 Aug. 28, 2014 QSGI Inc.
See also Order
34-72930 Aug. 27, 2014 Clavis Technologies International Co., Ltd.
See also Order
34-72928 Aug. 27, 2014 Gold Horse International, Inc.
See also Order
34-72926 Aug. 27, 2014 Xinde Technology Company
See also Order
34-72924 Aug. 27, 2014 China Wood, Inc.
See also Order
34-72871 Aug. 20, 2014 ATP Oil & Gas Corp., et al.
See also Order
34-72869 Aug. 20, 2014 International Building Technologies Group, Inc., et al.
See also Order
34-72862 Aug. 19, 2014 Balaton Power, Inc. and Flying Eagle PU Technical Corp. (f/k/a Sooner Holdings, Inc.)
See also Order
34-72842 Aug. 14, 2014 Black Hawk Exploration, et al.
See also Order
34-72773 Aug. 6, 2014 Datascension, Inc., et al.
See also Order
34-72771 Aug. 6, 2014 Conquest Petroleum Inc. and Nexaira Wireless Inc.
See also Order
34-72769 Aug. 6, 2014 Amico Games Corp., et al.
See also Order
34-72758 Aug. 5, 2014 Green and Hill Industries, Inc.
See also Order
34-72725 Jul. 31, 2014 Accredited Business Consolidators Corp., et al.
See also Order
34-72640 Jul. 18, 2014 mBeach Software, Inc.
See also Order
34-72634 Jul. 17, 2014 Cubed, Inc.
See also Order
34-72615 Jul. 16, 2014 Natural Blue Resources, Inc.
See also Order
34-72611 Jul. 16, 2014 Alaska Gold Corp., et al.
See also Order
34-72594 Jul. 11, 2014 Cynk Technology Corp.
See also Order
34-72580 Jul. 10, 2014 ErgoBilt, Inc., et al.
See also Order
Second Quarter
34-72462 Jun. 25, 2014 Medient Studios, Inc.
See also Order
34-72450 Jun. 24, 2014 BioMedical Technology Solutions Holdings, Inc., et al.
See also Order
34-72416 Jun. 18, 2014 AISystems, Inc. (a/k/a Airline Intelligence Systems, Inc.), et al.
See also Order
34-72402 Jun. 17, 2014 Applied NeuroSolutions, Inc.
See also Order
34-72400 Jun. 17, 2014 Crescent Banking Co., et al.
See also Order
34-72366 Jun. 11, 2014 LifeHealthCare, Inc., et al.
See also Order
34-72364 Jun. 11, 2014 The Bank Holdings, et al.
See also Order
34-72338 Jun. 6, 2014 Prospect Ventures, Inc.
See also Order
34-72337 Jun. 6, 2014 Alternative Energy, Inc. and SK3 Group, Inc.
See also Order
34-72323 Jun. 5, 2014 WebXU, Inc.
See also Order
34-72321 Jun. 5, 2014 China Power Technology, Inc.
See also Order
34-72319 Jun. 5, 2014 Zhidali Radio and Television Network, Inc.
See also Order
34-72317 Jun. 5, 2014 China Digital Animation Development, Inc.
See also Order
34-72315 Jun. 5, 2014 FLM Minerals, Inc.
See also Order
34-72286 Jun. 2, 2014 Cloudeeva, Inc.
See also Order
34-72263 May 28, 2014 Asia Global Holdings Corp.
See also Order
34-72236 May 23, 2014 Pro-Tech Industries, Inc. et al.
See also Order
34-72234 May 23, 2014 OCTuS, Inc. et al.
See also Order
34-72232 May 23, 2014 Fortitude Group, Inc.
See also Order
34-72221 May 22, 2014 International Development and Environmental Holdings
See also Order
34-72220 May 22, 2014 First Power & Light, Inc. n/k/a Volt Solar Systems, Inc.
See also Order
34-72218 May 22, 2014 Angel Acquisition Corp. n/k/a BioGeron, Inc.
See also Order
34-72200 May 21, 2014 China Green Lighting Limited, et al.
See also Order
34-72183 May 19, 2014 Andalusian Resorts and Spas, Inc.
See also Order
34-72177 May 16, 2014 FusionPharm, Inc.
See also Order
34-72176 May 16, 2014 Global Stevia Corp.
See also Order
34-72165 May 15, 2014 Cybermesh International Corporation, et al.
See also Order
34-72162 May 14, 2014 Pingify International, Inc.
See also Order
34-72120 May 8, 2014 Imaging Diagnostic Systems, Inc.
See also Order
34-72113 May 7, 2014 Cannabusiness Group, Inc.
See also Order
34-72109 May 7, 2014 Clear Skies Solar, Inc., et al.
See also Order
34-72092 May 5, 2014 GeNOsys, Inc.
See also Order
34-71973 Apr. 21, 2014 Valley Forge Composite Technologies, Inc.
See also Order
34-71924 Apr. 10, 2014 GrowLife, Inc.
See also Order
34-71835 Apr. 1, 2014 Aclor International, Inc., et al.
See also Order
First Quarter
34-71815 Mar. 27, 2014 Hendrx Corp., et al.
See also Order
34-71814 Mar. 27, 2014 Advanced Cannabis Solutions, Inc.
See also Order
34-71802 Mar. 26, 2014 China Shen Zhou Mining & Resources, Inc., et al.
See also Order
34-71762 Mar. 21, 2014 Citadel EFT, Inc.
See also Order
34-71756 Mar. 20, 2014 Network Dealer Services Holding Corp., et al.
See also Order
34-71754 Mar. 20, 2014 IVI Communications, Inc., et al.
See also Order
34-71723 Mar. 14, 2014 Petrotech Oil and Gas, Inc.
See also Order
34-71683 Mar. 11, 2014 George Foreman Enterprises, Inc., MacKay Life Sciences, Inc., Reinsurance Technologies, Ltd. (a/k/a Solution Technology International, Inc.), Tire International Environmental Solutions, Inc., WatchIt Technologies, Inc., Weststar Financial Services Corporation, and WorldSpace, Inc.
See also Order
34-71681 Mar. 11, 2014 Newnan Coweta Bancshares, Inc., Proper Power and Energy Inc., uVuMobile, Inc., WGNB Corp., and YouBlast Global, Inc
See also Order
34-71661 Mar. 7, 2014 Suburban Minerals Corp.
See also Order
34-71660 Mar. 7, 2014 Global Earth Energy, Inc.
See also Order
34-71659 Mar. 7, 2014 Broadcast Live Digital Corp.
See also Order
34-71647 Mar. 5, 2014 Aventura Equities, Inc.
See also Order
34-71633 Feb. 28, 2014 Trilliant Exploration Corp.
See also Order
34-71580 Feb. 20, 2014 Ads In Motion, Inc., et al.
See also Order
34-71578 Feb. 20, 2014 Tweeter Home Entertainment Group, Inc. (a/k/a TWTR, Inc.), et al.
See also Order
34-71568 Feb. 19, 2014 Imogo Mobile Technologies, Corp.
See also Order
34-71517 Feb. 11, 2014 Centor Energy, Inc.
See also Order
34-71514 Feb. 10, 2014 Amogear Inc.
See also Order
34-71465 Feb. 3, 2014 Able Energy, Inc., et al.
See also Order
34-71397 Jan. 27, 2014 Olie, Inc. and Hi Score Corp.
See also Order
34-71385 Jan. 24, 2014 Advanced Pipe Fitting Technologies Inc.
See also Order
34-71383 Jan. 24, 2014 Jinhao Motor Company
See also Order
34-71381 Jan. 24, 2014 New Dragon Asia Corp.
See also Order
34-71307 Jan. 15, 2014 Power Air Corporation, et al.
See also Order
34-71305 Jan. 15, 2014 Lumonall, Inc., et al.
See also Order
34-71244 Jan. 7, 2014 Matech Corp., et al.
See also Order
34-71242 Jan. 7, 2014 Environmental Energy Services, Inc., et al.
See also Order

http://www.sec.gov/litigation/suspensions.shtml


Merrill Lynch, MERRIL EDGE Investing, MarketPro™ = They are counter party on: BATS |BIDS ATS |NYSE Amex, Arca|Chicago, EDGA, EDGX, ISE Stock Exchange|eBX/LeveL ATS|CBOE C21|Nasdaq Options Market |OMX Phlx.

Pertains to ALL accounts up to and including NASDAQ Level II accounts

____________________________________________________________

The Merril Lynch website is designed to look different than typical trading sites. There’s no Risk Statement link. It actually took over an hour of searching to find what I was looking for- the info that’s normally under “risk statement” or “customer account agreement” – The statement where they inform you about whats really going on.  
They are required to tell you the truth -and they do. It says you cant trust their advice because they are paid to tell you where to invest by the various exchanges and or by the fund/securities provider. They state that they:  Act as the counter party, Purchase holdings against you, act as market makers, profit 100% from acting as the Principle. They advise you to do what will make them the most money- regardless of if its thru your gain or your loss of funds. There’s more-  read below….

Please read the statement below. Warn anyone you know who invests thru Merril Lynch in ANY form at all (mutual funds, securities, stock, all forms of investing)

To follow my path to the information- start here: http://www.ml.com/index.asp?id=7695_15125 scroll to bottom of short page and click  Legal Information.  On that page – scroll down to Routing and Execution Disclosures Made Pursuant to Rules 605 and 606 of SEC Regulation NMS. At the end of the second paragraph of Rule 606 select: “click here” which takes you to this page: Material Aspects of Relationship with Route Venues which I copied to below.
_______________________________________________________

Resource links:
________________________________________________________
and

Merrill Edge MarketPro

SEC Rule 606 Reports – Merrill Lynch, Pierce, Fenner & Smith Incorporated

Disclosure Information:

Disclosure Information: Material Aspects of Relationships with Venues to Which Customer Orders are Routed Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”) is a broker-dealer that executes customer orders as agent and/or principal and receives remuneration for performing these execution services. MLPF&S acts as a registered market maker in numerous Nasdaq securities and may execute customer orders in such securities on a principal basis. MLPF&S also may principally commit capital to facilitate customer transactions or serve as the contra-side to customer orders executed internally through one of the alternative trading systems operated by MLPF&S.
Investors should understand that MLPF&S stands to realize 100% of any profits or losses generated when MLPF&S trades as agent and/or principal in respect of customer orders.
Aside from holdings that MLPF&S may acquire from time-to-time as part of its ordinary market making, block positioning, client facilitation and related hedging activities, MLPF&S (or an affiliate under common control) may acquire equity stakes in market centers as part of a strategic investment. In this regard, MLPF&S or an affiliate owns a minority equity investment stake in the following market centers and therefore stands to participate as a shareholder/investor in the profits that each market center realizes in part from the execution of securities transactions, including transactions that may involve orders for the accounts of MLPF&S customers: (i) BATS Exchange, (ii) BIDS ATS, (iii) NYSE Amex, (iv) Chicago Stock Exchange, (v) Direct Edge Holdings (EDGA Exchange, EDGX Exchange and ISE Stock Exchange), (vi) eBX/LeveL ATS, (vii) NYSE Arca, (viii) NYSE Amex, (ix) CBOE C2, (x) Nasdaq Options Market, (xi) Nasdaq OMX Phlx.
Additionally, MLPF&S is affiliated with Merrill Lynch Professional Clearing Corp. (“ML Pro”), which acts as a market maker on certain options exchanges, including the CBOE, CBOE C2, ISE, BATS Exchange, NYSE Arca, NYSE Amex, Nasdaq Options Market and Nasdaq OMX PHLX. Accordingly, MLPF&S may stand to indirectly share in the profits or losses that ML Pro generates by transacting as options market maker, including transactions that may involve orders for the accounts of MLPF&S customers.
MLPF&S routes customer and proprietary orders to national securities exchanges, alternative trading systems, electronic communications networks, and broker-dealers. Based on their fee schedules, certain market centers offer credits for orders that provide liquidity to their books and assess fees for orders that take liquidity from their books. In some cases, the credits offered by a market center to MLPF&S over a period of time may exceed the charges assessed. MLPF&S participates in the options order flow programs sponsored by the NYSE Amex Options, CBOE, ISE, NYSE Arca and PHLX. These exchange-sponsored programs offer payments for listed option orders that are directed to such options markets.
_____________________________________________________________

I’m now researching the UK business documents and will post that info in a separate post. Link to the UK data on their website is here:

http://www.ml.com/?id=7695_71373_71375_71390

Comment in Global Wealth Management documents :

Where this communication is sent by a branch of Merrill Lynch International Bank Limited, please note that mutual fund materials are only directed at persons to whom, and are distributed only to persons to whom, unregulated collective investment schemes may be promoted in accordance with the rules of the UK Financial Services Authority, including in particular Rule 3.11 of the Conduct of Business sourcebook (“relevant persons”). Such investments are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such investments will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on these materials. Merrill Lynch does not operate as a banking entity in all jurisdictions.

while its detailing that only the person whom it was sent to is whom can act on the offer- it reveals that the Financial Services Authority in UK allows Unregulated Collective Investment Schemes!

The Financial Services Authority is in charge of Regulating financial services – so why would it permit unregulated activities to be promoted to anyone?

 

 

     

FOREX WARNING BLOG- do u want me to keep writing it? is it helping anyone?

I feel like no one cares. Like I’m wasting my time.

If you want me to keep going than please say so.

My whole goal is to try protect people from getting scammed by the whole change in the FOREX market from real to simulated. While 9 thousand people have visited my blog- most come to try put advertising in the comment sections.

I’ve had maybe 25 real comments. Is that all the real readers I’ve had?

If this blog has helped you- please let me know, Gathering the information takes a lot of time and is pointless if no one is making use of it.

COMMENT IF YOU WANT THIS BLOG TO BE CONTINUED….

2,2014 FOREX.COM/GAIN CAPITAL risk statement CRITICAL FACTS -why they are NO GOOD!!

It drives me crazy that people sign these agreements without understanding what they are agreeing to! If you did understand- there’s no way you would sign!

BY SIGNING – YOU HAVE AGREED TO ALLOW THEM TO RIP YOU OFF USING MULTIPLE METHODS TO DO IT AND HAVE ALSO AGREED THAT YOU WONT TAKE ACTION AGAINST THEM FOR DOING IT.

FOREX.COM is GAIN CAPITAL

The following are just some of what you are agreeing to-First- they make sure you know they are working against you and that you cannot trust them. They detail how they will move the market against you and then have you agree with them doing this to you.

copied from the secondary risk statementon feb 20,2014 http://www.forex.com/pdf/secondary.pdf

*****************************************************************

Please understand that all of your capital may be at risk.
FOREX IS AN OVER THE COUNTER (OTC) MARKET, MEANING THE FOREIGN CURRENCY TRADING YOU ARE ENTERING INTO IS NOT CONDUCTED ON AN EXCHANGE.
AS A MARKET MAKER, FOREX.COM IS THE COUNTERPARTY IN THESE TRANSACTIONS AND, THEREFORE, ACTS AS THE BUYER WHEN YOU SELL AND THE SELLER WHEN YOU BUY. AS A RESULT, FOREX.COM’S INTERESTS MAY BE IN CONFLICT WITH YOURS. UNLESS OTHERWISE SPECIFIED IN YOUR WRITTEN AGREEMENT OR OTHER WRITTEN DOCUMENTS
FOREX.COM ESTABLISHES THE PRICES AT WHICH IT OFFERS TO TRADE WITH YOU. THE PRICES OFFERED MIGHT NOT BE THE BEST PRICES AVAILABLE AND DIFFERENT PRICES MAY BE OFFERED TO DIFFERENT CUSTOMERS.
IF FOREX.COM ELECTS NOT TO COVER ITS OWN TRADING EXPOSURE, THEN YOU SHOULD BE AWARE THAT
FOREX.COM MAY MAKE MORE MONEY IF THE MARKET GOES AGAINST YOU. ADDITIONALLY, SINCE FOREX.COM
ACTS AS THE BUYER OR SELLER IN THE TRANSACTION, YOU SHOULD CAREFULLY EVALUATE ANY TRADE
RECOMMENDATIONS YOU RECEIVE FROM FOREX.COM OR ANY OF ITS SOLICITORS.

I have read, and understand the Risk Disclosure

INTERPRETATION:

  • You are ONLY trading against your broker.                                                             
  • Your broker can choose to not cover their own exposure- causing the market to swing against you because they will profit more that way. 
  • They control the prices you see+ they are the only other person trading with you therefore- they create the appearance of a market swing- to take your money away from you.
  • They are allowed to manipulate you by providing bad reccommendations.

***************************************************************

Customer Agreement

http://www.forex.com/forex-account-forms.html

4.1.
Pricing Information
.
FOREX.com will make available, by posting on the
FOREX.com Online Trading System , MetaTrader®Online
Trading System or by telephoning the FOREX.com
Trading Desk, Bid Prices and Ask Prices at which FOREX.com
is prepared to enter Foreign Currency Contracts Cross Currency Contracts
, or Metal Contracts with Customer. Each Bid Price or Ask Price shall be for a Spot
Contract with a specified Value Date and shall specify each Eligible Foreign Currency or tradable U.S. dollar based currency pairs involved where applicable
.FOREX.com expects that these prices will be reasonably related to the bid prices and ask prices available in the market at that time for similar transactions, but a number of factors, such as communication system delays, high volume or volatility can result in deviations between prices quoted by FOREX.com and other sources. FOREX.com makes no warranty, express or implied, that Bid Prices and Ask Prices represent prevailing bid prices and ask prices. In addition, these Bid and/or Ask Prices may reflect, at the direction of the Introducing Broker named above, additional pips added to the BID and/or ASK price that may result in an increase of the dealable spread available for the Customer’s account as well as a per trade or per lot commission and/or fees

INTERPRETATION:

They are not obligated to use prices that match what you might find on another site -keeping in mind- everyone makes there own prices and there is no actual market- your still just trading against your broker. Not other customers- meaning “high volume” and “volatility” don’t exist. They create the appearance of that environment at will.

***************************************************************

5.MARGIN REQUIREMENTS

Customer’s Account will be under the control of FOREX.com FOREX.com may change Margin requirements at any time, without prior notice to Customer, and may call for additional Margin (“Margin Call”) at (x) any time Customer’s Margin Balance falls below FOREX.com ’s Minimum Margin Requirement as applied to that Account;and (y) any timeFOREX.com, in its sole discretion, believes that it is prudent to do so.FOREX.com may at any time liquidate Customer’s Account in accordance with Paragraph 9.FOREX.com may withdraw funds from the Customer’s account without notice: (x) to ensure that Posted Margin equals or exceeds Required Margin; and (y) to satisfy any payment obligation to FOREX.com, including commissions,fees and charges in respect of Customer’s Account.

INTERPRETATION:

  • They control your account
  • They can change your margin requirement for no reason at all and
  • They don’t have to tell you before they change it. Furthermore
  • They can liquidate your account if it doesnt meet the new limit
  • and do it without prior notice

You want to know how these companies take peoples money? You sign an agreement that says they can! Who in there right mind would agree to have them get to move your margin limit without warning or notification? Then get to liquidate your account based on the new requirement- without ever notifying you! And they get to do this at their sole discretion- that means they are not required to have any form of valid reason. They can do it just because they feel like it.  They have the freedom to decide what the margin will be at their sole discretion as well- there are no standards they have to follow. They can double your margin requirement, or triple it- well… they will move it exactly enough to make sure you dont have enough in your account to cover it- at the same time swinging the market against your outstanding orders- thereby not only taking all your money- but making it so you then owe them money for the losses that happened when they liquidated.

I dont have time to keep writing this all out-  just read each paragraph carefully-The words that alert you to foul play are as follows

“at it’s sole discretion”  = “just cuz they feel like it” no reason required!

“without prior notice” = They can do it without warning you

“without notice”= they don’t have to tell you they did something- like change the agreement- and continuing to trade = agreeing to the changes they made- but how are you supposed to know changes were made?  exactly!

read these sections carefully!
4.3. Trade Matching
4.5.  Position& Trading Limits (they can control the speed you trade, the number of contracts you can hold- whatever is necessary to keep you from getting ahead.
REMEMBER- their income comes from taking your money. For you to profit- they have to take a loss. Commission is only a tiny recoup of the money they lost- it’s not a profit for them at all. To stay in business- they can’t let you keep any money you win and they have to take your money as well. They are paid to use all these rules to make sure you walk away with nothing. If you have made money- they will make it hard to get it out – while making the market suddenly look favorable- so you will reinvest not just your starting money- but your profits as well- and they keep you winning until you get confident and get close to your margin- then boom- they  move your margin and take everything.
FXCM told me how this is all done. The whole game that is being played on people. He told me (back in 2009) that no one had ever walked away with one dime from them. Every single person that traded with them eventually lost everything- and then some. He was the CEO of the company- warning me not to trade a charity’s money. At least they had enough morals to stop me. While I’m grateful- I took it upon myself to try warn everyone else.
I don’t even know if anyone is being saved by my blog. If anyone even cares that this blog exists. 
If you want me to keep writing this blog- please tell me as a comment.
.
.

US SECURITIES/TRADE COMMISSION:Trading Suspensions Archive: 2013

US SECURITIES/TRADE COMMISSION

Trading Suspensions Archive: 2013

http://www.sec.gov/litigation/suspensions/suspensionsarchive/susparch2013.shtml

 

This page lists recent SEC trading suspensions. The federal securities laws allow the SEC to suspend trading in any stock for up to ten trading days when the SEC determines that a trading suspension is required in the public interest and for the protection of investors. You’ll find answers to many of your questions about trading suspensions — including how they differ from trading halts — in Fast Answers.

 

As of February 20, 2007, the staff of the Commission will send copies of a Commission Order of Suspension of Trading pursuant to Section 12(k) of the Securities Exchange Act of 1934 solely to parties (the issuer), the Depository Trust Corporation, and National Securities Clearing Corporation.

 

Fourth Quarter | Third Quarter | Second Quarter | First Quarter

 

Additional Trading Suspensions available

 

 

RSS Feed  SEC Trading Suspensions RSS Feed

 

Release No. Date Entity
Fourth Quarter
34-71150 Dec. 20, 2013 CompuSonics Video Corporation
See also Order
34-71116 Dec. 18, 2013 The Enlightened Gourmet, Inc., et al.
See also Order
34-71114 Dec. 18, 2013 Golden Elephant Glass Technology, Inc. and Pacific Alliance Corp.
See also Order
34-71071 Dec. 13, 2013 Makism3D Corp.
See also Order
34-71002 Dec. 6, 2013 Guar Global Ltd.
See also Order of Suspension of Trading and Order Denying Petition for Termination of Trading Suspension
34-71001 Dec. 6, 2013 Aden Solutions, Inc.
See also Order
34-70988 Dec. 5, 2013 ICC Worldwide, Inc., et al.
See also Order
34-70976 Dec. 4, 2013 Catch By Gene, Inc., et al.
See also Order
34-70974 Dec. 4, 2013 Community Alliance, Inc., et al.
See also Order
34-70950 Nov. 27, 2013 Nevada Gold Corp.
See also Order
34-70933 Nov. 25, 2013 Life Stem Genetics Inc.
See also Order
34-70922 Nov. 22, 2013 Pure H20 Bio-Technologies, Inc.
See also Order
34-70895 Nov. 19, 2013 HouseRaising, Inc., et al.
See also Order
34-70882 Nov. 15, 2013 Sovereign Lithium, Inc.
See also Order
34-70835 Nov. 8, 2013 Far Vista Petroleum Corp.
See also Order
34-70784 Oct. 31, 2013 Acies Corporation, et al.
See also Order
34-70782 Oct. 31, 2013 Heritage Worldwide, Inc., et al.
See also Order
34-70771 Oct. 30, 2013 Press Ventures, Inc.
See also Order
34-70732 Oct. 22, 2013 Crown Alliance Capital Limited
See also Order
34-70730 Oct. 22, 2013 ARX Gold Corp.
See also Order
34-70723 Oct. 21, 2013 High End Ventures, Inc.
See also Order
34-70721 Oct. 21, 2013 Newtech Resources Ltd.
See also Order
34-70681 Oct. 11, 2013 Pacific Clean Water Technologies, Inc.
See also Order
34-70609 Oct. 4, 2013 China Ritar Power Corp.
See also Order
Third Quarter
34-70552 Sep. 30, 2013 China Ruitai International Holdings Co., Ltd.
See also Order
34-70495 Sep. 25, 2013 Left Behind Games, Inc.
See also Order
34-70480 Sep. 24, 2013 AcuNetx, Inc., et al.
See also Order
34-70457 Sep. 19, 2013 Home System Group
See also Order
34-70454 Sep. 19, 2013 American Asset Development, Inc.
See also Order
34-70439 Sep. 18, 2013 Patch International, Inc., et al.
See also Order
34-70437 Sep. 18, 2013 Municipal Mortgage & Equity LLC, et al.
See also Order
34-70435 Sep. 18, 2013 A.G. Volney Center, Inc. (f/k/a Buddha Steel, Inc.)
See also Order
34-70432 Sep. 18, 2013 American Energy Production, Inc., et al.
See also Order
34-70423 Sep. 17, 2013 PacWest Equities, Inc.
See also Order
34-70377 Sep. 12, 2013 Axcess International, Inc., et al.
See also Order
34-70375 Sep. 12, 2013 Carbiz, Inc., et al.
See also Order
34-70354 Sep. 10, 2013 Big Bear Mining Corp., et al.
See also Order
34-70352 Sep. 10, 2013 HydroGen Corp., et al.
See also Order
34-70350 Sep. 10, 2013 Exmocare, Inc. (n/k/a Second Solar, Inc.), et al.
See also Order
34-70334 Sep. 6, 2013 North China Horticulture, Inc.
See also Order
34-70324 Sep. 5, 2013 China Cablecom Holdings Ltd. (n/k/a China Cablecom Ltd.)
See also Order
34-70322 Sep. 5, 2013 Anhui Taiyang Poultry Co., Inc. a/k/a The Parkview Group, Inc., et al.
See also Order
34-70309 Sep. 4, 2013 K’s Media
See also Order
34-70307 Sep. 4, 2013 China Lithium Technologies, Inc. and China Wi-Max Communications, Inc.
See also Order
34-70204 Aug. 15, 2013 Redfin Network, Inc.
See also Order
34-70186 Aug. 14, 2013 AIMS Worldwide, Inc., et al.
See also Order
34-70184 Aug. 14, 2013 Altus Pharmaceuticals, Inc., et al.
See also Order
34-70182 Aug. 14, 2013 Soil Biogenics Ltd.
See also Order
34-70180 Aug. 14, 2013 iVoice, Inc., et al.
See also Order
34-70178 Aug. 14, 2013 CNC Development, Ltd., et al.
See also Order
34-70106 Aug. 5, 2013 Hutech21 Co., Ltd.
See also Order
34-70093 Aug. 2, 2013 Bergamo Acquisition Corp.
See also Order
34-70090 Aug. 1, 2013 Zenergy International, Inc.
See also Order
34-70041 Jul. 26, 2013 Duoyuan Printing, Inc.
See also Order
34-70023 Jul. 23, 2013 Camelot Entertainment Group, Inc., et al.
See also Order
34-70021 Jul. 23, 2013 American Wenshen Steel Group, Inc., et al.
See also Order
34-70006 Jul. 19, 2013 RVPlus, Inc.
See also Order
34-70001 Jul. 18, 2013 American Technologies Group, Inc., Bonanza Oil & Gas, Inc., and Gulf Coast Oil & Gas, Inc.
See also Order
34-69999 Jul. 18, 2013 First Georgia Community Corp., FLO Corp., Florida Community Banks, Inc., In Touch Media Group, Inc., and NHS Health Solutions, Inc.
See also Order
34-69907 Jul. 2, 2013 GDT Tek, Inc., et al.
See also Order
Second Quarter
34-69859 Jun. 26, 2013 Norstra Energy Inc.
See also Order
34-69841 Jun. 25, 2013 Biozoom, Inc.
See also Order
34-69779 Jun. 18, 2013 iTrackr Systems, Inc.
See also Order
34-69721 Jun. 10, 2013 Polar Petroleum Corp.
See also Order
34-69678 Jun. 3, 2013 3CI Complete Compliance Corp., et al.
See also Order
34-69661 May 30, 2013 Lanbo Financial Group, Inc.
See also Order
34-69651 May 29, 2013 Jupiter Enterprises, Inc.
See also Order
34-69649 May 29, 2013 China Properties Developments, Inc.
See also Order
34-69647 May 29, 2013 China Environmental Protection, Inc.
See also Order
34-69625 May 23, 2013 Greatmat Technology Corp., et al.
See also Order
34-69617 May 22, 2013 Bloggerwave, Inc., et al.
See also Order
34-69581 May 15, 2013 Griffin Mining, Ltd., et al.
See also Order
34-69579 May 15, 2013 Benda Pharmaceutical, Inc. and China Shuangji Cement Ltd.
See also Order
34-69577 May 15, 2013 Avani International Group, Inc. et al.
See also Order
34-69532 May 8, 2013 CoreCare Systems, Inc., et al.
See also Order
34-69446 Apr. 25, 2013 Enercorp, Inc., et al.
See also Order
34-69413 Apr. 19, 2013 The Estate Vault, Inc.
See also Order
34-69412 Apr. 19, 2013 Ewan 1, Inc. n/k/a AccessKey IP, Inc.
See also Order
34-69411 Apr. 19, 2013 UC Hub Group, Inc.
See also Order
34-69407 Apr. 19, 2013 Biopharm Asia, Inc., China Organic Agriculture, Inc., and Guilin Paper, Inc.
See also Order
34-69384 Apr. 17, 2013 Xvariant, Inc. (n/k/a China Bionanometer Industries Corp.)
See also Order
34-69382 Apr. 17, 2013 NewTech Brake Corp.
See also Order
34-69349 Apr. 9, 2013 Integrity Bancshares, Inc.
See also Order
34-69293 Apr. 4, 2013 Face Up Entertainment Group, Inc.
See also Order
First Quarter
34-69073 Mar. 8, 2013 Endeavor Power Corp.
See also Order
34-69052 Mar. 6, 2013 Xytos, Inc.
See also Order
34-69010 Mar. 1, 2013 Southern USA Resources, Inc.
See also Order
34-68969 Feb. 22, 2013 Digital Video Systems, Inc., et al.
See also Order
34-68948 Feb. 19, 2013 VitaminSpice Inc.
See also Order
34-68835 Feb. 6, 2013 Advance Nanotech, Inc., et al.
See also Order
34-68821 Feb. 4, 2013 Americas Energy Company-AECo
See also Order
34-68730 Jan. 25, 2013 Largo Vista Group, Ltd., et al.
See also Order
34-68728 Jan. 25, 2013 Law Enforcement Associates Corp., et al.
See also Order
34-68726 Jan. 25, 2013 Medis Technologies Ltd., et al.
See also Order
34-68687 Jan. 18, 2013 AlphaTrade.com
See also Order
34-68682 Jan. 17, 2013 Medex, Inc.
See also Order
34-68663 Jan. 16, 2013 Eco Global Corporation, et al.
See also Order

http://www.sec.gov/litigation/suspensions/suspensionsarchive/susparch2013.shtml

 

CFTC makes $463 MILLION in 5 mos in fines while VICTIMS only get partial restitution.

The CFTC is a private agency that acts as industry regulators. They file actions against violators and collect money for the following 5 purposes-

  • restitution
  • loan payoff
  • civil penalties
  • fines
  • sanctions

Restitution and loan payoffs get paid out

The penalties, fines, and sanctions are kept by them.  I added up how much of this category of money they collected from Jan , 2013 to May 31, 2013 – a total of 5 months.

TOTAL MONEY COLLECTED FOR FINES  $462,907,959.00

THAT’S JUST SHY OF $463 MILLION in 5 months!  (can you imagine their pay checks!)

463 million that means they gross over 1 BILLION a year. Operating costs can’t justify this level of GREED.

At the same time- victims are getting shorted in restitution. The shortage is being taken by the CFTC. They often pay themselves equal to the victims-

This isn’t like collecting insurance money from an accident! Its acceptable for the lawyers to keep half because the money is being paid for suffering- it’s not a repayment of money lost. The CFTC is acting like its ok to short people of money that was stolen from them! This isn’t ok.

PROOF:  

Over and over cases read like this:

_______________________________________________________________________________________________

  • funds involving at least $22.5 million.
  • pay restitution of $11,437,573 to defrauded customers.
  • civil monetary penalty of over $11.4 million

Customers lost 22.5 million but get back only half!  WHY? Because the CFTC TOOK THE OTHER 11.4 million for themselves! This is just wrong!!!

(http://www.cftc.gov/PressRoom/PressReleases/pr6590-13)

______________________________________________________________________________________________

  • accepted more than $4.7 million from retail public customers
  • restitution of approximately $3.2 million to defrauded customers
  • a $1.5 million civil monetary penalty.

So why do the victims get shorted by 1.5 million ? Why does the CFTC get to take the 1.5 million that would have paid them back in full?  This is unjust!

(http://www.cftc.gov/PressRoom/PressReleases/pr6653-13)

_____________________________________________________________________________________

  • solicited more than $1.3 million
  • pay $1,146,000 in restitution to their defrauded customers
  • and a $1,337,000 civil monetary penalty

That means customers were shorted by 154k while the CFTC kept 1.3 million. How is this acceptable? case link  (http://www.cftc.gov/PressRoom/PressReleases/pr6690-13)