CFTC Fines Minneapolis Futures Broker $100,000 for Fraudulent Misconduct
Posted: Thu Aug 09, 2018 6:37 pm
The Commodity Futures Trading Commission (CFTC) announced today that it has charged futures broker, Christian Robert Mayer with engaging in a fraudulent trading scheme. As a result, Mayer will have to pay a $100,00 civil monetary penalty.
In addition, the US regulator has also placed permanent trading and registration bans on Mayer. The CFTC has charged him with violating the Commodity Exchange Act and has ordered him to cease and desist from further violations.
Mayer was a registered Associated Person of a Minneapolis Commodity Trading Advisor and Introducing Broker (IB). Between October 29, 2014, and September 28, 2016, ... (read more)