Paron Strikes Deal To End CFTC Accounting Fraud Suit

Law360, New York (September 4, 2012, 4:58 PM EDT) -- Paron Capital Management LLC has resolved a U.S. Commodity Futures Trading Commission suit alleging the firm and its former principal concealed accounting fraud, according to a proposed consent order filed Tuesday in California federal court.

Paron agreed not to violate the Commodity Exchange Act or trade commodity futures, options, swaps or foreign exchange contracts. The CFTC sued Paron and former principal James Crombie last year, claiming they lied in a National Futures Association audit to cover up the firm's use of fraudulent promotion materials to solicit...
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