September 15, 2021

Ronald Montano and his company, Montano Enterprises LLC, have been ordered to pay $2.5 million in restitution and civil monetary penalty for using fraudulent solicitations in connection with binary options with commodity interests.  The solicitations misrepresented automated trading systems as successful, using fictitious trading results, fabricated customer testimonials, and falsified background information on the systems’ creators.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Misrepresentations,