September 21, 2020
The U.S. Commodity Futures Trading Commission has urged a Texas federal judge to toss an oil commodities trader's request to erase a $2.6 million default judgment entered against him, saying email and phone records disprove the trader's claim he was never served in the matter.
December 10, 2012
A Texas federal judge hit a Houston-based trader of oil futures contracts with a $2.6 million judgment after finding he lied to clients about investment returns and used their money to cover personal expenses, the U.S. Commodity Futures Trading Commission announced Monday.