Ninth Circuit Revives Monex Fraud Case, Rules Leveraged Metals Are Futures
CFTC Wins Big: Ninth Circuit Revives Monex Fraud Case The Ninth Circuit just handed the CFTC a major victory in its long-running battle against precious-metals dealer Monex, ruling that leveraged retail metals contracts are futures under the Commodity Exchange Act—something the agency can police for fraud. That single holding keeps the seven-year-old lawsuit alive and…
