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Komfie Manalo, Opalesque Asia:

The U.S. Commodity Futures Trading Commission on Tuesday said it had cancelled the registration of Chicago Trading Managers LLC. CT Managers had been registered with the CFTC as a Commodity Pool Operator and Commodity Trading Advisor.

In a statement, the CFTC said that Judgment Officer Philip V. McGuire issued a decision against CT Managers on Dec. 27, 2013 and determined that the firm was disqualified from CFTC registration based on a default judgment and permanent injunction order entered by the U.S. District Court for the Southern District of New York on May 15, 2013.

Additionally, the default judgment found that on at least 10 occasions CT Managers issued, or caused to be issued, statements to pool participants that fraudulently inflated the net asset value for pools and found that CT Managers, by engaging in that conduct, committed fraud in violation of the Commodity Exchange Act.

The default judgment ordered CT Managers to pay a civil monetary penalty of $1.4 million jointly and severally with another Defendant.

The CFTC filed a Notice of Intent to revoke the registration of CT Managers back in August 2013.

Before that, the regulator fined Goldman Sachs and sue......................

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