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Violation Tracker Individual Record

Company: DCAST Capital Investments LLCandFive Traders LLC
Penalty: $16,087,440
Year: 2023
Date: April 12, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: In response to a lawsuit filed by the CFTC, a federal court ordered DCAST and Five Traders to pay over $16 million for defrauding over 50 pool participants by fraudulently soliciting investments and misappropriating pool participants' funds. The orders also resolved CFTC charges that the defendants made false statements to the CFTC during its investigation.
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.