In the most recent exercise of the Commodity Futures Trading Commission’s expanded enforcement authority under the Dodd-Frank Act, the CFTC filed a Complaint against attorney Jay Bruce Grossman claiming that Grossman aided the fraud of Hunter Wise Commodities and various dealers and intermediaries. The CFTC further asserts that Grossman aided and abetted his clients in
Dood-Frank
SEC settles enforcement action against hedge fund for retaliation against whistleblower
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On June 16, 2014, the Securities and Exchange Commission (the “SEC”) announced a $2.2 million settlement against an investment adviser that engaged in prohibited principal transactions and then retaliated against the employee who reported this misconduct to the SEC. This was the first time the SEC had filed a case under its new authority to…