According to a CFTC public release, the CFTC alleges that Paron Capital Management, LLC (Paron) and a member of the firm “during a March 2011 NFA audit… [made] false, fictitious, or fraudulent statements to prevent the NFA from discovering that they were using fraudulent promotional materials to solicit clients to trade commodity futures.”
As the litigation moves forward, “the CFTC seeks a return of ill-gotten gains, restitution to defrauded customers, civil monetary penalties, trading and registration bans, and permanent injunctions against further violations of the federal commodities laws.”
If you have invested in futures with Paron Capital Management and are concerned about your investments or investment losses and would like to speak to a securities attorney, feel free to call our Chicago office at 312/238-9650.
The White Law Group, LLC is a national commodities and futures fraud, commodities arbitration, investor protection, and commodities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, please visit the firm’s website at https://www.whitesecuritieslaw.com/.