CFTC Hits Commodity Hedge Fund Manager Over Allegedly False Statement

Jun 14 2013 | 10:04am ET

The Commodity Futures Trading Commission has sued an Arizona hedge fund manager for sending bogus statements to his clients.

Thomas Hampton raised about $5.2 million in 2010 and 2011 for a commodities hedge fund, trumpeting its profits to investors. The only problems were, Hampton Capital Markets was regularly losing money and Hampton himself had failed to register as a commodity pool operated.

According to the CFTC, Hampton defrauded at least 72 people.

The regulator said it is seeking disgorgement, restitution and fines, as well as a trading ban.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note