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The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a civil enforcement complaint against Jamal Y. Vance and his company, charging them with operating a fraudulent scheme that offered forex and commodity futures transactions.
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The U.S. derivatives regulator says that Jamal Y. Vance and All City Investments, LLC fraudulently solicited customers on their website, allcityinvestments.com, to open and deposit funds with a brokerage firm based in Dominica. They also demanded that the victims sign a limited power of attorney that designated this broker, ... (read more)