Home > Ponzi Schemes, Offering Frauds, and Other Scams > In re Merrill Lynch Commodities, Inc. (A.P. June 25, 2019, Settled)

In re Merrill Lynch Commodities, Inc. (A.P. June 25, 2019, Settled)

June 25, 2019 Posted in Enforcement Action, Ponzi Schemes, Offering Frauds, and Other Scams

Action against Respondent, a provisionally registered swap dealer, for alleged spoofing. According to the CFTC, Respondent placed orders for futures contracts with the intent to cancel the orders before execution in order to manipulate prices. Respondent has agreed to pay restitution of $2,364,585, disgorgement of $11,100,000, and a civil penalty of $11,500,000.

CFTC Order

CFTC Press Release

Linda Chatman ThomsenCounsel

Linda is counsel in our litigation department and practices in our Washington, DC office. Her practice concentrates on matters related to the enforcement of the federal securities laws. She returned to the firm after serving for 14 years in various positions within the SEC. Linda joined the SEC staff in 1995 as Assistant Chief Litigation Counsel. In 1997, she was named Assistant Director of the Enforcement Division. She became an Associate Director in 2000, Deputy Director in 2002 and was named Director of the Enforcement Division in 2005, a position she held until 2009. [Full Bio]

Robert A. CohenPartner

Mr. Cohen brings 15 years of experience in the Securities and Exchange Commission’s Division of Enforcement to his work as a partner in Davis Polk’s Litigation Department in Washington DC. As a member of the firm’s White Collar Criminal Defense and Government Investigations Group, he focuses on representing companies, boards and individuals in regulatory matters and internal investigations. [Full Bio]