The National Futures Association has taken an emergency enforcement action against Capital Blu Management, a Melbourne, Fla.-based commodity-trading advisor.
Capital Blu has been suspended from NFA membership and prohibited from soliciting or accepting any investor or pool participants' funds after refusing to fully cooperate with the NFA in an examination of the firm and its operations.
The NFA took action against Capital Blu after receiving allegations from investors that it had provided false statements to investors in the CBM FX Fund.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
According to a survey of 300 executives by Ernst & Young, the world’s biggest companies are poised to increase spending cleantech solutions. More...