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| | Weekly Advisory -- September 27, 2002 (Site not responding. Last check: 2007-09-20) |
 | | The complaint, filed on September 17, 2002, charges the defendants with fraudulent solicitation and with misappropriating at least $10.6 million solicited from investors for the purpose of trading foreign currency futures contracts. |
 | | In its continuing litigation, the CFTC is seeking preliminary and permanent injunctive relief, an accounting, restitution to customers, disgorgement of ill-gotten gains, and civil monetary penalties of $120,000 or triple the monetary gain, whichever is greater, for each violation of the Commodity Exchange Act. |
 | | According to the September 19, 2002, CFTC settlement order, between June 28, 1996, and October 29, 1996, the respondents engaged in a fraudulent trade allocation scheme with another individual to defraud Coastal of profits from its trading of commodity futures on the New York Mercantile Exchange (NYMEX). |
| www.cftc.gov /opa/adv02/opawa40-02.htm (1503 words) |
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