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California Resident to Pay $4.7 Million for Options Fraud

The US Commodity Futures Trading Commission (CFTC) has fined Sharief Deona McDowell over $4.7 million for fraud "in connection with options on commodity futures contracts by a commodity trading advisor (CTA) and for failing to register as a CTA." The regulator already settled the charges. Restitutions and Fines According to the official announcement, the regulatory order requires McDowell to pay more than $2.37 million in restitution and a matched amount in a civil monetary penalty. The commodit... Read More

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California

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Options

Fraud

Forex

Posted: May 26 2023, 09:45

Author Name: financemagnates

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