Finance Magnates· Tanya Chepkova·· 4 hours agoAI score48
CFTC fines NOLA FX founder $9.2 million and imposes lifetime ban
CFTC Slaps $9.2 Million Fine and Lifetime Ban on NOLA FX Founder
AI brief
AI-assisted source summary · not independently verified. Content standards
The U.S. District Court for the Eastern District of Louisiana ordered Michael B. DePetrillo, Meteor LLC, and NOLA FX Capital Management LLC to pay a $9,211,492 civil monetary penalty, and permanently barred all three defendants from participating in CFTC-regulated markets or registering with the agency.
Source:Finance Magnates · financemagnates.com