Violation Tracker Individual Record

Company: 
Emini Experts, LLC and Capital Trading Concepts LLC
Penalty: 
$2,795,901
Year: 
2016
Date: 
June 22, 2016
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
securities issuance or trading violation
Violation Description: 

The U.S. Commodity Futures Trading Commission announced that the U.S. District Court for the Middle District of Florida entered a Default Final Judgment Order against Dante S. Giovannetti and his companies Emini Experts, LLC and Capital Trading Concepts LLC for defrauding clients in connection with the operation of a commodity trading pool. The court's order requiresdGiovannetti, Emini, and Capital Trading jointly to pay $663,975 to defrauded customers as restitution for their losses and jointly to pay a $1,991,926 civil monetary penalty. The Order also separately imposed jointly against Emini and Giovannetti an additional $140,000 civil monetary penalty.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Commodity Futures Trading Commission
Civil or Criminal Case: 
civil
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.