La Commodity Futures Trading Commission a publié un communiqué dans lequel elle annonce qu'elle accuse Jeffrey J. Kinseth et sa société Virtual Vision Inc. de défaut d'enregistrement.
La société devra s'acquitter d'une amende de 1 million de dollars.
The U.S. Commodity Futures Trading Commission (CFTC) today filed and simultaneously settled charges against Jeffrey J. Kinseth of Cedar Rapids, Iowa, and his Iowa-based company, Virtual Vision Inc., for fraudulently soliciting individuals to participate in a pooled investment vehicle, misappropriation of investor funds, and issuance of false statements to conceal trading losses and fraud. Kinseth is not registered with the CFTC.
The CFTC’s order requires Kinseth and Virtual Vision jointly and severally to pay a $575,000 civil monetary penalty and restitution of $574,936. The order also permanently prohibits Kinseth and Virtual Vision from engaging in any commodity-related activity, including trading, and from registering or seeking exemption from registration with the CFTC.
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