Chicago Co. Accused Of Bogus Futures Investment Training

Law360, New York (December 7, 2011, 2:31 PM EST) -- U.S. futures regulators sued Chicago-based Pro Trading Course LLC and its principal on Wednesday, alleging they bilked unsuspecting investors out of nearly $1 million through false job ads and bogus training courses.

In a complaint filed in the Northern District of Illinois, the U.S. Commodity Futures Trading Commission said Pro Trading and principal Richard C. Regan lured people to the two-week training courses, which cost between $4,000 and $26,000 per person, using job postings on Craigslist and other websites.

In all, Pro Trading and Regan took...
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