Investment Firm Barred From Trading In Ponzi Suit

Law360, New York (September 3, 2010, 4:46 PM EDT) -- A federal judge has permanently barred a Florida investment adviser from trading futures, options and foreign currency following an agreement the firm reached with the U.S. Commodity Futures Trading Commission, which had accused the firm of taking in $22.5 million from customers for foreign currency trades without registering with the CFTC.

Judge Mary S. Scriven on Thursday granted the CFTC's motion for an entry of a permanent injunction on consent against defendant Trader's International Return Network in the U.S. District Court for the Middle District of...
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