September 30, 2014
The CFTC ordered
Scott A. Beatty of Roy, Utah, individually and doing business as
Peak Capital Group, Inc., and his Ogden, Utah-based company,
Peak Capital Management Group, Inc., to pay restitution of $641,000 and a $1 million penalty for committing fraud and misappropriation, making false statements to the CFTC, and failing to register with the CFTC in connection with operating a leveraged or margined off-exchange foreign currency scheme.
CFTC