Ninth Circuit Reverses Monex Win, Lets CFTC Pursue Leveraged-Metals as Futures
CFTC WINS ROUND, MONEX TRADING MODEL ON TRIAL The Ninth Circuit just reversed a lower-court win for Monex, handing the CFTC a green light to pursue the metals dealer for allegedly operating an illegal off-exchange retail commodity platform. The ruling keeps alive the agency’s theory that leveraged metals trades are futures contracts under its watch,…
