CFTC Boots AlphaMetrix CEO After $8.4M Court Order

//CFTC Boots AlphaMetrix CEO After $8.4M Court Order

CFTC Boots AlphaMetrix CEO After $8.4M Court Order

By | 2014-12-19T07:48:59+00:00 December 19th, 2014|Business|0 Comments

Law360, New York (December 18, 2014, 6:02 PM ET) — The U.S. Commodity Futures Trading Commission on Thursday yanked the registration of the CEO to a Chicago-based commodity fund firm accused of misusing $2.8 million in client rebates, two days after a federal judge approved a settlement with the firm valued at three times that amount.

Aleks Kins, who headed up the commodity pool operator AlphaMetrix LLC before it was shut down last year, agreed to have his and his firm’s registration revoked in light of Tuesday’s settlement. Approved by a Chicago federal judge, this consent…