Saturday, 20 December 2014
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.