December 21, 2022
A California federal judge has ordered the father-son leadership team of Monex Deposit Co. to pay $33 million in restitution and a civil monetary penalty of $5 million to end the Commodity Futures Trading Commission's $290 million fraud case alleging the metals brokerage ripped off mom-and-pop investors.
November 04, 2022
The Commodity Futures Trading Commission and Monex Deposit Co. have reached a deal to end the agency's $290 million fraud case against the metals brokerage, days before trial was set to commence after an appeals process that saw the U.S. Supreme Court decline to hear the case in 2020.
May 02, 2018
A California federal judge on Tuesday completely rejected the Commodity Futures Trading Commission's claims that the metal brokerage firm Monex executed thousands of illegal, off-exchange leveraged precious metals transactions and fleeced customers out of $290 million, ruling Monex's trading fell outside the agency's authority.
January 22, 2018
A team of lawyers at megafirm Dentons has suddenly withdrawn from defending the metals trading company Monex against a fraud suit in California federal court brought by the Commodity Futures Trading Commission.