WASHINGTON -- The U.S. Commodity Futures Trading Commission said today it filed a civil lawsuit against California-based gold dealer Monex Deposit Co. in what it called the biggest-ever retail precious metals fraud enforcement action brought by the regulator.
The CFTC alleges that Monex, deploying high-pressure sales tactics, deceived thousands of retail customers who lost a total of $290 million in connection with illegal, off-exchange leveraged precious metals transactions. ...
... For the remainder of the report:
https://in.reuters.com/article/cftc-enforceme...lifornia-gol...
