Owner of Precious Metals Trading Companies to Pay Over $2.4m in CFTC Fines
Posted: Sun Jun 19, 2016 9:32 pm
The U.S. Commodity Futures Trading Commission has announced that a judge issued an order against Todd Owen Marshall and his companies Harvard Assets, London Assets and Harvard International Trading, Inc. The judgement mandates that the defendants pay disgorgement totaling $612,892 and a civil monetary penalty totaling $1,838,676.
The order also imposes permanent trading, solicitation, and registration bans against the defendants and prohibits them from violating provisions of the Commodity Exchange Act (CEA).
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Back in September 2015, the U.S. regulator ... (read more)