William Seigler of Largo Florida was charged by the U.S. Commodity Futures Trading Commission for offering illegal off-exchange foreign currency options. According to the court order, Mr. Seigler and his company Sonoma Trading Corporation violated provisions of the Commodity Exchange Act. Mr. Seigler’s investors used his company’s website for online trading for which he would transfer to an account he held in San Jose, Costa Rica. Mr. Seigler, however, wasn’t registered with the Commission and was found by the court to have offered illegal off-exchange options contracts and to have failed to register as a futures commission merchant. In the court’s final judgment, Mr. Seigler was ordered to pay a civil monetary penalty of $500,000.
Do You Need a CFTC Defense Lawyer?
The United States Commodity Futures Trading Commission (CFTC) has filed many administrative proceedings actions against Florida-based Futures Commission Merchants (FCMs), Introducing Brokers (IBs), Commodity Pool Operators (CPOs), and Commodity Trading Advisors (CTAs) or filed Federal court actions against those industry members and others not registered with the agency for allegedly engaged in violation of the Commodity Exchange Act (CEA) through alleged market manipulation schemes or fraudulent cash and/or leveraged coin and/or bullion transactions.
CFTC Defense Trial Lawyer Serving All of Largo Florida
Attorney Pearce’strial lawyer defense skills are highly regarded throughout Largo Florida and across the nation. He began his career with Florida and expanded his nationwide SEC securities law defense practice to include commodities law and the defense of CFTC investigations and enforcement proceedings.
Free Initial Consultation With Securities, Commodities and Investment Dispute Lawyers Serving Largo Florida Residents
The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in commodities law matters and investment disputes, and works tirelessly to secure the best possible result for you and your case. Mr. Pearce provides a complete case review, identifies the strengths and weaknesses of your case, and fully explains all of your legal options. For dedicated representation by a law firm with over 40 years of experience and success in all kinds of commodities law disputes serving Largo Florida citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.