March 29, 2019 BY Valentina Kirilova
Futures trader fined more than $1 million for fraud
The Commodity Futures Trading Commission (CFTC) has just announced that an individual named William H. Powderly IV of New Hope, Pennsylvania, has been fined $1,083,138 by the federal court in Illinois for fraudulently soliciting customers and distributing false account statements. Powderly misled customers, letting them know that he and a university professor developed a commodity futures…
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