Commodities Pool Boss Settles CFTC Fraud Claims

Law360, New York (January 23, 2012, 6:16 PM EST) -- The operator of a New York commodities trading pool agreed Monday to pay a $140,000 civil penalty to settle claims by the U.S. Commodity Futures Trading Commission that he lured investors by inflating the track record of the pool’s adviser.

The agency filed and settled an administrative proceeding Monday against Timothy Michael Murphy of Redding, Conn., and his firm, Centurion Global Capital Management LLC. As part of the settlement, Redding and Centurion will also pay $220,000 in restitution and agree not to trade on a CFTC-registered...
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