CFTC ACTION: Maize Capital Management LLC et al.

The CFTC sued Illinois-based Maize Capital Management LLC, Maize Asset Management LLC, and chief operating officer Scott M. Ross. The CFTC alleged that the entities involved misrepresented facts regarding the qualifications of investors who would participate in a $6 million commodity pool. Further, periodic account statements misrepresented the profitability of customer accounts and customer funds were mishandled.

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