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CFTC: Federal Court Orders Tennessee And Kentucky Men And Their Company To Pay Over $5 Million For Commodity Futures Pool Fraud

<p><span>The Commodity Futures Trading Commission today announced that the U.S. District Court for the Middle District of Tennessee entered a summary judgment order on March 16, 2022 for permanent injunction, monetary sanctions, and equitable relief against&nbsp;Rodney Scott Phelps, formerly of Tennessee.&nbsp;Previously, the U.S. District Court for the Middle District of Tennessee entered an order of default judgment (default order) against two other parties to the suit,&nbsp;Jason T. Castenir&nbsp;of Kentucky and&nbsp;Maverick Asset Management&nbsp;(Maverick) of Tennessee.</span></p>

CFTC Orders London-Based Swap Dealer To Pay $3 25 Million For Swap-Data Reporting, Conflicts Of Interest, Mid-Market Mark, And Supervision Failures

<p><span>The Commodity Futures Trading Commission today simultaneously filed and settled charges against&nbsp;</span><span>ED&amp;F Man Capital Markets, Ltd.</span><span>&nbsp;(ED&amp;F Man), a London-based provisionally registered swap dealer, for failing to comply with certain swap dealer requirements to report accurate swaps data to a swaps data repository (SDR), failing to disclose a conflict of interest to swaps counterparties, failing to disclose mid-market marks to counterparties, and for related supervision failures.</span></p>

Florida Men Ordered to Pay Over $1 6 Million for Precious Metals Fraud

CFTC: Federal Court Orders Florida Men To Pay Over $1 6 Million For Precious Metals Fraud

<p><span>The Commodity Futures Trading Commission today announced the U.S. District Court for the Middle District of Florida entered consent orders on March 1 for permanent injunction, monetary sanctions, and equitable relief against&nbsp;</span><span>Marvin W. Courson III</span><span>&nbsp;(Courson) and&nbsp;</span><span>Christopher A. Kertatos</span><span>&nbsp;(Kertatos). Both Courson and Kertatos reside in Florida.</span></p>

CFTC Issues Order Suspending Mississippi Man s Registrations As A Commodity Trading Advisor And Associated Person

<p><span>The Commodity Futures Trading Commission announced today that it issued an order suspending the registrations of&nbsp;Ted Brent Alexander&nbsp;of Jackson, Mississippi. The CFTC filed a Notice of Intent to Suspend or Modify registration under Section 8a(11)&nbsp;against Alexander on September 2, 2021. [See CFTC Press Release No.&nbsp;<a href="https://www.cftc.gov/PressRoom/PressReleases/8423-21">8423-21</a>]. The CFTC action is based on a federal criminal indictment charging Alexander with six felony counts of securities and commodities fraud, conspiracy, and wire fraud.</span></p> <div><span><br /></span></div>

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