May 26, 2016

The CFTC ordered Cypress Wealth Management, Inc. and its former owners and operators, Ted L. Romeo of Pompano Beach, Florida, and Richard D. Schrutt of Tampa, Florida, to pay over $530,000 in penalties and restitution on charges that they illegally offered off-exchange financed transactions in precious metals to retail customers.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Regulatory Violations,