Delivery Is No Shield: Ninth Circuit Expands CFTC Reach in Monex Fraud Case
CFTC WINS APPEAL, MONEX LOSES ON FRAUD CLAIMS The Ninth Circuit just handed the CFTC a major victory in its long-running battle with Monex, ruling that the agency can sue the precious-metals dealer for fraud even when customers take actual delivery of their gold and silver. The decision reverses a lower court dismissal and keeps…
