Action against Defendants, two individuals and their companies, for alleged fraud on investors related to trading in foreign currencies and futures contracts.  According to the CFTC, Defendants misrepresented their trading expertise and track record, provided investors with false documents, and made false statements to the National Futures Association, among other violations.  Defendants have agreed to pay restitution totaling $22,917,551, civil penalties totaling $175,000, and post-judgment interest.  One individual Defendant has agreed to a five-year trading and registration ban.

CFTC Press Release 

CFTC Order (Phaetra, et al.) 

CFTC Opinion and Order (Park, et al.) 

CFTC Order (Kaseman)