Ninth Circuit Rules CFTC Overreach in Monex Case: Price Markups Not Fraud
CFTC Clips Monex Wings: Metals Dealers Dodge Commodity Fraud Charge The Ninth Circuit just handed the CFTC a stinging defeat, ruling that Monex Deposit Company and its affiliates didn’t commit commodity fraud by marking up precious metals prices for retail customers. In a decision that echoes through crypto trading floors, the court narrowed the agency’s…
