<p><span>The Commodity Futures Trading Commission today announced it filed a civil enforcement action in the U.S. District Court for the Southern District of Texas, charging fraud and misappropriation against Marcus Todd Brisco of Wailuku, Hawaii and his companies Yas Castellum LLC of Denver, Colorado, and Yas Castellum Financial LLC of Wailuku, Hawaii; Tin Quoc Tran of Katy, Texas; Francisco Story of Draper, Utah; Fredirick “Ted” Safranko of Vancouver or Ontario, Canada; Michael Shannon Sims of either Sunny Isles Beach, Florida or Roswell or Atlanta, Georgia; and SAEG Capital General Management LP (SAEG) of Draper, Utah.</span></p>
<p><span>The Commodity Futures Trading Commission (CFTC) last Friday filed a complaint against FX Latino Inc. (FXL), Ramon Salvador Delgado-Gomez (Gomez), FXL Investment PR LLC, JRH Services Inc., Walmy Rivera-Santiago, Infinity Investment and Construction Management Corp., and Hector Javier Santos-Pagan (collectively, Defendants), in the U.S. District Court for the District of Puerto Rico. The Defendants allegedly launched advertisements on social media platforms such as Instagram and promoted public seminar and investor coaching campaigns to entice more than two thousand investors to invest at least $27 million. To attract investors, Defendants promised to generate profits through their successful foreign currency (“forex”) trading platform. Similar to any number of “get-rich-quick” schemes promising exceptional returns while, in fact, perpetuating financial fraud, Defendants never actually engaged in t
<p><span>The Commodity Futures Trading Commission today announced the U.S. District Court for the District of Arizona entered a consent order on October 19, imposing monetary sanctions against </span><span>Purvesh Mankad </span><span>and his affiliated entities</span><span> CTAX Series, LLC</span><span>,</span><span> </span><span>a CFTC-registered commodity pool operator, and</span><span> CTAX Partners, LLC</span><span>, a CFTC-registered introducing broker.</span></p>