TheStreetSweeper in the News
- The Wall Street Journal: Northern Oil & Gas Gets a Bear Raid
- The Motley Fool: Northern Oil and Gas Shares Plunged: What You Need to Know
- Barron's: Insider Selling Accelerates at Northern Oil & Gas
- Benzinga: Will Growth Spurt Last for Northern Oil & Gas?
- Benzinga: More Trouble for Northern Oil and Gas
Street Patrol
So. California Trader Facing Fed Civil And Criminal Charges
Michael J. Leighton, a trader in Torrance, Calif., faces civil and criminal charges after allegedly soliciting $1.6 million for a commodities trading pool, then losing most of the money and not telling his investors. The Commodity Futures Trading Commission said Leighton began taking investments in 2008, posing as a successful trader. He sent phony account statements to investors and lied to them about the status of the pool, all the while losing $1.3 million in trades, the CFTC said. He is also the target of a commodities fraud charge filed by the U.S. Attorney's Office, the CFTC added.
