Trader's Wife Fined By CFTC Over $2M Pool Investment Scam

Law360, New York (May 31, 2013, 3:14 PM EDT) -- Melissa Rushton, the wife of former Summit Trading & Capital LLC manager Brant Rushton, on Friday agreed to pay the U.S. Commodities Futures Trading Commission $50,000 to settle allegations stemming from her role in a $2 million commodity pool investment scam.

The settlement comes on the heels of a $5 million penalty imposed in April against Summit and Brant Rushton. While U.S. District Judge James E. Shadid in February had granted summary judgment to the CFTC on its claims against Summit and Brant, he had denied...
To view the full article, register now.