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CFTC Orders Wisconsin Broker to Pay Over $750,000 for Improper Trade Allocation and Additional Violations

CFTC Orders Wisconsin Broker to Pay Over $750,000 for Improper Trade Allocation and Additional Violations
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Federal Court Concludes Receivership In CFTC Ponzi Scheme Action Resulting In The Recovery Of Over $1 Billion

<p><span>The Commodity Futures Trading Commission today announced the successful conclusion of the receivership in CFTC v. Walsh, et al., a $1.3 billion Ponzi scheme case the CFTC filed in 2009. [See CFTC Press Release No.&nbsp;</span><a href="https://www.cftc.gov/PressRoom/PressReleases/5621-09">5621-09</a><span>]. On September 19, the U.S. District Court for the Southern District of New York approved the receiver&rsquo;s final account and report, discharged the receiver, and accepted the receiver&rsquo;s request to deposit the remaining receivership funds with the court.</span></p>

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