Violation Tracker Individual Record

Company: 
Marbury Advisors Inc.
Penalty: 
$4,441,652
Year: 
2017
Date: 
June 28, 2017
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 North Carolina entered an Order of Final Judgment by Default (Order) against Defendants?Tracy Lee Thomas?(a/k/a Treyton L. Thomas, a/k/a Trayton L. Thomas, a/k/a Trey Thomas, a/k/a Tray Thomas, a/k/a T.L. Thomas), formerly of Naples, Florida, and?Marbury Advisors Inc., a Cayman Islands corporation. The court's Order found that the defendants had fraudulently solicited over $ 1.1 million from customers, lost those funds trading, and provided customers with false reports or statements indicating their investments were profitable.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Commodity Futures Trading Commission
Civil or Criminal Case: 
civil
Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.