CFTC Charges NAAM With Illegal Off-Exchange Scheme Worth $2.5M

Moderator: moderators

kreslik.news
rank: 10000+ posts
rank: 10000+ posts
Posts: 37309
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 2
Gender: None specified

CFTC Charges NAAM With Illegal Off-Exchange Scheme Worth $2.5M

Postby kreslik.news » Sun Feb 21, 2016 10:00 pm


The US’ Commodity Futures Trading Commission (CFTC) has issued a civil injunctive enforcement action against North American Asset Management, LLC (NAAM), following the trading of illegal off-exchange instruments that solicited more than $2.5 million, according to a CFTC statement.

NAAM as well as its defendants, Owner and President Alexi Bethel, as well as Owner and Managing Director Steven Labadie were the subject of a formal CFTC complaint in the US Southern District Court of Florida, after a string of complaints and liabilities as outlined under the CFTC’s Commodity Exchange Act (CEA).

More specifically, the complaint charged both individuals with the engagement ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”