Federal Court Orders Matthew Marcus to Pay $250,000 for Money Pass Scheme

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Federal Court Orders Matthew Marcus to Pay $250,000 for Money Pass Scheme

Postby kreslik.news » Thu Jul 07, 2016 4:04 am


On Thursday, the U.S. Commodity Futures Trading Commission (CFTC), the ‎independent agency that regulates futures and option markets, announced that it ‎obtained a federal court consent order requiring defendants Matthew J. Marcus his ‎company Tech Power Inc to pay a $250,000 civil monetary penalty, according to ‎a CFTC statement. ‎

The U.S. derivatives regulator alleged that Matthew J. Marcus of California and ‎his company Tech Power Inc., a Nevada corporation located in California had ‎engaged in fictitious single stock futures transactions and trading non-‎competitively on OneChicago LLC (OneChicago), an electronic futures exchange ‎in Chicago, Illinois.‎

On June 30, 2016, Judge Milton I. ... (read more)

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