CFTC's Deal With Forex Trader Results In Discovery Stay

Law360, New York (July 14, 2017, 6:59 PM EDT) -- A New York federal court on Thursday halted the Commodity Futures Trading Commission’s suit accusing a man and his Dallas company of fraudulently soliciting customers to make off-exchange foreign currency transactions, giving the commodities regulator time to evaluate a proposed settlement in the case.

U.S. District Judge Alison J. Nathan granted the CFTC’s request to extend discovery deadlines as commissioners decide whether to accept a proposed consent order, which would resolve allegations that Jamal Vance and All City Investments LLC touted a bogus track record to...
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