fund Archives - The Industry Spread

One Dallas Investment Adviser Suspended, A Second Ordered to Repay Commissions

June 20, 2019

Texas Securities Commissioner Travis J. Iles on June 6 sanctioned two Dallas investment adviser representatives for selling unsuitable investments to clients. The Commissioner suspended investment adviser representative Mark A. Trewitt for 90 days for selling unsuitable investments to clients, including one couple who invested half of their liquid assets in an Oregon-based private fund that collapsed in 2016.

Financial Commission Announces DealFX as Latest Approved Member

March 11, 2019

DealFX status as an A-category Member of the Financial Commission took effect on March 6, 2019, following the approval of its membership application by the Financial Commission, thus allowing the company and its customers access to a wide range of services and membership benefits including, but not limited to, protection for up to €20,000 per submitted complaint, backed by the Financial Commission’s compensation fund

CFTC Announces Whistleblower Award Totaling More Than $2 Million

March 8, 2019

The Commodity Futures Trading Commission (CFTC) today announced a whistleblower award totaling more than $2 million to be paid to an individual whistleblower. The CFTC granted the whistleblower’s award application for both a CFTC action and a related action brought by another federal regulator. In ordering the award, the CFTC recognizes the contribution of a whistleblower in providing critical information through independent analysis of market data.