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Matthias Knab, Opalesque: The U.S. Commodity Futures Trading Commission (CFTC) today announced that it has revoked the registration of Aleks A. Kins of Chicago, Illinois, as an Associated Person and the registrations of AlphaMetrix, LLC (AlphaMetrix), a Delaware limited liability company with its principal place of business located in Chicago, Illinois, as a Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA). The CFTC issued Orders revoking the registrations simultaneous with its filing of Notices of Intent to Suspend, Revoke, or Restrict Registration of Kins and AlphaMetrix, which alleged that the Registrants were subject to statutory disqualification based upon conduct prohibited by the Commodity Exchange Act (CEA).
The AlphaMetrix Notice alleges that AlphaMetrix was subject to disqualification of its registration based on the December 16, 2014 entry of a Consent Order for permanent injunction against the company in CFTC v. Alphametrix, LLC, et al., No. 1:13-cv-7896 (N.D. Ill.), which permanently enjoins AlphaMetrix from further violating anti-fraud provisions of the CEA, as charged, and requires it to pay restitution of $2.8 million and a civil monetary penalty of $2.8 million (see CFTC Press Release 7083-14). The District Court’s Order stems from a CFTC Complaint filed on November 4, 2013, alleging that AlphaMetrix agreed to pay $2.8 million in rebates to some of its commodity pool participants by investing the rebate funds in commodity pools, but in...................... To view our full article Click here
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