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Date de publication: 28 mai 2012
Auteur: Y B
Noter cette article :

La Commodity Futures Trading Commission a publié un communiqué de presse dans lequel elle annonce qu'elle accuse Stephen Craig Symon et James David Kline d'une fraude 11 million s de dollars sur une système de trading automatique.

Résumé :

The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a federal court action against defendants CTI Group, LLC, Cooper Trading, and Stephen Craig Symons of Corona del Mar, Calif., and James David Kline of Van Nuys, Calif., charging them with fraudulent sales practices in connection with the sale of two automated trading systems, known as the Boomer and Victory Trading Systems.

The CFTC complaint was filed under seal May 11, 2012, in the U.S. District Court for the Southern District of New York, and on May 14, 2012, Judge Andrew L. Carter, Jr. entered an emergency order freezing the defendants’ assets and prohibiting the destruction or alteration of books and records. The judge set a hearing date on the CFTC’s motion for a preliminary injunction for June 21, 2012.

According to the CFTC complaint, since at least August 2009 and continuing through the present, CTI Group, LLC and Cooper Trading (which allegedly operated as a common enterprise and are collectively referred to in the complaint as “CTI”), by and through Symons, Kline, and others, fraudulently solicited clients to subscribe to the Boomer and Victory Trading Systems, used by clients to trade E-mini Standard and Poor’s 500 Stock Index futures contracts in managed accounts. To carry out the fraud, CTI and Kline allegedly engaged, and continue to engage, in a systematic pattern of material false statements and omissions in connection with the marketing of CTI’s Trading Systems to clients and prospective clients. CTI sells subscriptions to its Trading Systems for $5,000 to $6,000 and has sold subscriptions to well over 1,000 clients, receiving at least $11 million from the sale of its Trading Systems, according to the complaint.

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