CFCT ACTION – Robert J. Sucarato

CFTC obtained a default judgment order requiring Robert J. Sucarato to pay $800,000 in restitution and a $1.2 million civil monetary penalty for fraudulently soliciting commodity pool participants to trade futures and options through his hedge funds and for concealing trading losses. The court found that Sucarato provided performance reports to pool participants reflecting that he was profitably trading commodity futures and options on behalf of the funds. In reality, he was trading pool participant funds in his personal trading accounts and was an unsuccessful trader.

About The Author

Felix Shipkevich

Felix Shipkevich is a Manhattan-based attorney and general counsel for Shipkevich Law Firm. He has extensive experience working with the CFTC and NFA on registration, compliance, and enforcement issues for CPOs, CTAs, FCMs, IBs, and RFEDs. Felix also practices intellectual property and corporate governance law.