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Violation Tracker Individual Record

Company: AK Equity Group LLC and Xapphire LLC
Penalty: $24,080,325
Year: 2023
Date: June 15, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Commodity Futures Trading Commission announced that the U.S. District Court for the Eastern District of Wisconsin on June 5 entered an order of default judgment and permanent injunction against AK Equity Group LLC and Xapphire LLC , for fraud in connection with retail foreign currency transactions that targeted the local Hmong community.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.