Action against Defendant individual for alleged fraudulent solicitations of customers for a futures trading system and advisory service. According to the CFTC, Defendant made material misrepresentations to customers about the effectiveness of the system and service. The CFTC also alleges that Defendant did not provide required advertising disclosures and made false statements to the CFTC during its investigation. The court has ordered $480,690.17 in disgorgement and $1,442,070.51 in civil penalties.

CFTC Press Release

CFTC Order