CFTC Charges California-Based Vendor with Fraud Over Trading Software
Posted: Tue Aug 16, 2016 6:46 pm
On Weasand, the U.S. Commodity Futures Trading Commission (CFTC), the independent agency that regulates futures and option markets, announced that it obtained a civil enforcement action charging Mirko Schacke and his company with fraud and failing to register with the CFTC.
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The U.S. derivatives regulator says Mirko Schacke of Antioch, California, and his company, TradeMasters USA, LLC, of Las Vegas, Nevada, fraudulently solicited at least 36 individuals to purchase a futures trading software, TradeMasters, raking in a total of $155,626 by misrepresenting the software’s effectiveness. Defendants ... (read more)