Man’s Appeal For Nonpayment Of CFTC Penalty Lacks Merit, Government Argues

Mealey's (September 14, 2022, 1:44 PM EDT) -- ATLANTA — A federal district court did not err in granting summary judgment in favor of government prosecutors in a lawsuit seeking an order requiring a man to pay nearly $3.9 million owed as part of a U.S. Commodities Futures Trading Commission (CFTC) administrative order against the man on fraud and insider trading claims because the man does not dispute that he owes the CFTC the civil penalty, disgorgement and prejudgment interest the agency was awarded, government prosecutors argue in an appellee brief filed Aug. 22 in the 11th Circuit U.S. Court of Appeals....