Bringing you live news and features since 2006 

CFTC to revoke CPO and CTA registrations of Veruus Wealth Management

RELATED TOPICS​

The US Commodity Futures Trading Commission (CFTC) has filed a notice of intent to revoke the registrations of Veruus Wealth Management, a registered commodity pool operator and commodity trading advisor.

 
The notice alleges that Veruus is subject to a statutory disqualification from CFTC registration based on an order of default judgment entered by the District Court for the City and County of Denver, Colorado on 28 November 2012.
 
In that private litigation the plaintiffs alleged that the defendants solicited them to invest in a Veruus-managed foreign exchange trading account and that they were the victim of civil theft and conversion. The judgment order entered by the court found Veruus liable for civil theft and conversion of USD339,517.79 in customer funds.

Latest News

BlackRock’s global ETP flows report for June finds a steady rise with USD128.1 billion added to global ETPs in June,..
Morningstar’s global ETF flows report for the first half of 2024 shows that actively managed ETFs have captured 25 per..
The surge in bitcoin ETF launches and funds flowing into the sector is transforming institutional investment in digital assets but..
LSEG Lipper’s latest research finds that the majority of actively managed funds and ETFs globally were not able to beat..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by