CFTC: Federal Court Orders New Jersey Resident And His Compa

<p><span>The Commodity Futures Trading Commission today announced&nbsp;that Judge Zahid N. Quraishi of the U.S. District Court for the&nbsp;District of New Jersey entered a final judgment and consent order resolving charges against defendants&nbsp;Swapnil Rege&nbsp;(Rege) and&nbsp;SwapStar Capital LLC,&nbsp;and relief defendant&nbsp;Reema Rege. The order finds that the defendants engaged in&nbsp;fraudulent solicitation and misappropriation, and that Rege violated a prior CFTC consent order that, among other things, barred him from trading commodity interests for at least three years.&nbsp;The order further finds that Reema Rege received money or profits illegally obtained by the defendants, and is not legally entitled to and has no legitimate claim to such funds.</span></p>

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