CFTC v. Lincolnshire Trading Partners, LLC, and Scott Geisinger, Case No 2:12-cv-07417-PA-VBK (N.D. Cal.). On January 18, 2013, the CFTC announced that it obtained a default judgment against Lincolnshire Trading partners, LLC and Scott Geisinger for violating CFTC registration requirements. The CFTC charged Geisinger and Lincolnshire in August 2012. According to the Court’s default judgment, Lincolnshire, by and through its agent, Geisinger, exercised discretionary trading authority over foreign currency (forex) trading accounts for people who were not eligible to participate in retail, leveraged forex transactions. Defendants were not registered with the CFTC nor did they have a valid exemption from the registration requirements. The defendants were each ordered to pay a $140,000 civil monetary penalty and are permanently barred from any commodity-related activities.
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