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CFTC Charges Unregistered Commodity Pool Operator, Two California Men with $2.3 Million Fraud
The U.S. Commodity Futures Trading Commission announced today that it filed a civil enforcement action in the U.S. District Court for the Central District of California charging Main & Prospect Capital, LLC and two California men—the firm’s president, Daniel Adam Hewko (Adam Hewko), and his father, Daniel Hewko—with fraud. The complaint also alleges that the defendants violated CFTC registration requirements and various commodity pool operator requirements. The complaint alleges that since at least August 2014, the defendants have received more than $2.3 million from at least 19 investors for the purpose of ... (full story)