James McDonald Archives - The Industry Spread

Record Number of Spoofing Cases Examined

Big fraud allegations often mean big settlements will follow. But the settlements the Commodity Futures Trading Commission reached with former MF Global CEO Jon Corzine in early January and Igor Oystacher and his Chicago firm, 3Red Trading LLC, in December were surprisingly puny.

CFTC Says Millennials Vulnerable to Scams

James McDonald is the CFTC’s Director of the Division of Enforcement and he stated, ““We have seen an increase in the number of unregistered entities and individuals illegally pedaling apps, websites, and social media to retail customers for trading in forex and binary options. Many of these entities and individuals specifically target Millennials, who may be less experienced investors.”

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