United States:
CCO Settles CFTC Fraud And Misrepresentation Charges
23 September 2019
Cadwalader, Wickersham & Taft LLP
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A chief compliance officer of an investment firm settled CFTC charges for fraudulently
soliciting investments in commodity pools and misappropriating
investor funds. The officer was also charged with making false
statements to NFA.
To settle the CFTC charges, the officer, who neither admitted
nor denied the allegations and who was recognized for cooperating
with the investigations, agreed to pay restitution of $125,000 and
a civil monetary penalty of $25,000 among other sanctions.
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