All City Investments Fined $670,000 for Misleading Customers

[kreslik.news]

A US federal court ordered Jamal Y Vance and his company, All City Investments (All City), to pay a total of $770,000 in fines this Wednesday. The order comes almost two years after the Commodities Futures Trading Commission (CFTC), a US regulator, launched a civil enforcement complaint against Vance and his firm.

That initial complaint was based on a range of alleged misbehaviour on the part of Vance. The CFTC noted that Vance did not register with them as a commodity trading adviser (CTA), despite needing to do so in order to run All City which provided ... (read more)