Consent Permanent Injunction, Civil Monetary Penalty and Other Relief Entered Against James Mason

24 Apr

On April 23, 2015, with the consent of the CFTC and James Mason (“Mason”), the U.S. District Court for the Western District of North Carolina entered a Consent Order for Permanent Injunction, Civil Monetary Penalty and Other Equitable Relief against Mason. This Consent Order makes final factual findings that, among other things, Mason defrauded customers by misrepresenting the risk involved in his trading activities, by misrepresenting his background, and by misappropriating funds from customers for his own use and enjoyment.

In addition, the Consent Order permanently enjoins and prohibits Mason from, among other things, trading in FOREX contracts and other commodity futures/options.

Furthermore, the Consent Order imposes on Mason a $3,880,000.00 restitution obligation and a $1,670,000.00 civil monetary penalty obligation.

Consent Order – Permanent Injunction, Civil Monetary Penalty and Other Equitable Relief Against James Mason

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