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Violation Tracker Individual Record

Company: Argent Asset Group LLC and First State Depository Company, LLC
Penalty: $145,700,000
Year: 2023
Date: July 3, 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 District of Delaware entered a consent order against Argent Asset Group LLC and First State Depository Company, LLC. The order requires the defendants to pay $112,700,000 in restitution to those defrauded and pay a $33 million civil monetary penalty. Additionally, the orders enjoin the defendants from further violations of the Commodity Exchange Act (CEA) and CFTC regulations, as charged, and impose permanent trading bans in any CFTC-regulated markets as well as registration bans against the defendants.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.