The US Commodity Futures Trading Commission has secured more than $12 million in restitution and civil monetary penalties against nine Florida defendants in settlement of an anti-fraud lawsuit related to the marketing of illegal off-exchange FX options.
The court has ordered the defendants to pay just over $7 million in restitution to defrauded investors. In addition, the court imposed civil monetary penalties and permanently barred Forefront Investments and the two Addison firms from engaging in any commodity-related activity.
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