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December 5, 2014

Posted  December 5, 2014

The U.S. District Court for the Southern District of Florida has entered an order of default judgment against defendants Gold Distributors, Inc. of Hallandale Beach, Florida, and its sole owner Jordan Cain of Miami, Florida.  The order requires the defendants to pay restitution in the amount of $337,266 and a civil monetary penalty of $1,011,800, as well as imposing permanent trading, solicitation, and registration bans against the defendants.  CFTC