Action against Defendants, an unregistered commodity trading advisor and its owner, in connection with alleged fraudulent solicitation of potential clients to open individually managed trading accounts for off-exchange foreign currency contracts.  According to the CFTC, Defendants misrepresented their forex trading experience and profitability, falsely claimed that they would implement a hedging strategy that would prevent losses of more than one percent, and attempted to conceal mounting losses by transferring commissions into a client’s account. The CFTC also alleges that Defendants failed to register with the CFTC.

CFTC Press Release