U.S. District Court Orders TradeMasters to Pay Fine of More Than $674,000
Moderator: moderators
-
kreslik.news
- rank: 10000+ posts
- Posts: 37443
- Joined: Thu Jan 14, 2016 9:36 am
- Reputation: 2
- Gender:
U.S. District Court Orders TradeMasters to Pay Fine of More Than $674,000
The Commodity Futures Trading Commission (CFTC) announced on Thursday that the U.S. District Court of Nevada has ordered Mirko Schacke, who owned commodity futures software vendor TradeMasters USA LLC, to pay a fine of $168,626 to defrauded customers and a $505,878 civil monetary penalty.
U.S. District Judge, Gloria M. Navarro, found the defendant, Schacke, and his company TradeMasters, had committed fraud when recruiting customers for its futures trading software, had failed to register with the CFTC and did not provide the required disclosures to its investors.
The court also imposed permanent trading and registrations bans against Schacke ... (read more)
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.