Sunday, 29 March 2015
Last updated 1 day ago
Feb 14 2007 | 11:04am ET
CTA-wannabe Gilbert Philip Castillo is finding out that it’s easier to actually register as a trading advisor than not. On Feb. 5, Castillo and his allegedly sham trading advisory practice, Castle Enterprise Corporation, were charged by U.S. District Court Judge Thelton Henderson in the Northern District of California with fraudulent solicitation of investors without registration.
From at least Feb. 1, 1999, through mid-2005, Castillo allegedly operated the WallStreetWar.com, CastilloResearch.com and Never-Lose.com Web sites and made fraudulent representations to the general public regarding his trading prowess. Investors allegedly bought into Castillo’s managed account programs, trading systems and training courses to the tune of more than $800,000.
Castillo was ordered to disgorge $814,000 in restitution and pay a $480,000 civil penalty. He is also permanently barred from engaging in any business activities related to commodity futures.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…