CFTC brings case against metals dealer, alleging ‘massive fraud’
The US Commodity Futures Trading Commission (CFTC) has filed charges against precious metals dealer Monex in what its director of enforcement described as “one of the largest precious metals fraud cases in the history of the Commission”.
The CFTC charges Monex with committing fraud through the sale of thousands of “illegal, off-exchange leveraged commodity transactions” to thousands of US retail customers.
“As alleged, the defendants defrauded thousands of retail customers — many of whom are elderly — out of hundreds of millions of dollars as
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.