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The U.S. Commodity Futures Trading Commission (CFTC) announced today that the District Court for Southern Iowa entered a summary judgment Order against commodities trader, John David Stroud and his companies, Stroud Capital Management, LLC, TS Capital Partners, LLC, and TS Capital Management, LLC.
The Order requires that Stroud pays restitution of $2,379,923 together with a civil monetary penalty of $2,343,323. It has also imposed permanent trading and registration bans against Stroud, prohibiting him from further violating the Commodity Exchange Act.
The court’s Order originates from a CFTC complaint filed four years ago which charged Stroud and his companies with fraud and ... (read more)