Friday, 19 September 2014
Last updated 12 hours 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.