Ninth Circuit Revives CFTC Claims in Monex Case, Broadening ‘Actual Delivery’ Rule
CFTC WINS APPEAL IN MONEX PRECIOUS-METALS CASE The Ninth Circuit just handed the CFTC its first clear appellate victory in a retail metals-fraud case, reviving claims that Monex Credit and its affiliates ran an illegal off-exchange leveraged trading platform. The ruling matters because it expands the agency’s reach over any platform that offers financed exposure…
