Whistleblower News: CFTC Customer Advisory Caution Public, Morgan Stanley Dumped $5B in Archegos, Film Rights Ponzi Scheme

New CFTC Customer Advisory Cautions the Public to Beware of Trading Based on Internet Hype


The Commodity Futures Trading Commission today issued a Customer Advisory strongly encouraging the public to research and understand the commodity futures markets, physical markets, and securities markets before trading based on information on social media. The advisory also warns of the risks associated with futures trading or buying physical commodities, such as precious metals. The Market Participants Division (MPD) issued the customer advisory in recognition of National Financial Capability Month, which began April 1. read more »

Morgan Stanley dumped $5 billion in Archegos’ stocks the night before massive fire sale hit rivals


The night before the Archegos Capital story burst into public view late last month, the fund’s biggest prime broker quietly unloaded some of its risky positions to hedge funds, people with knowledge of the trades told CNBC. read more »

SEC Obtains Emergency Asset Freeze, Charges Actor with Operating a $690 Million Ponzi Scheme


The Securities and Exchange Commission today announced that it obtained an asset freeze and other emergency relief in an emergency enforcement action against Los Angeles-based actor Zachary Horwitz and his company, 1inMM (one in a million) Capital, LLC in connection with an alleged Ponzi scheme that raised over $690 million. Horwitz and 1inMM allegedly told investors that they were buying film rights, purportedly to resell them to Netflix and HBO; in fact, 1inMM actually had no business relationship with either company. read more »