CFTC Charges Unregistered Michigan Commodity Pool Operator, Its President With $13 Million Fraud
July 07, 2023
July 07, 2023
WASHINGTON, July 7 -- The Commodity Futures Trading Commission issued the following enforcement news release on July 6, 2023:
The Commodity Futures Trading Commission filed a civil enforcement action in the U.S. District Court for the Eastern District of Michigan against Dwight A. Foster (Foster) and his firm K.E.L. Enterprises, Inc. (KEL), both based in the West Bloomfield, Michigan area. The complaint charges Foster and KEL with fraud, registration, and books and records violation . . .
The Commodity Futures Trading Commission filed a civil enforcement action in the U.S. District Court for the Eastern District of Michigan against Dwight A. Foster (Foster) and his firm K.E.L. Enterprises, Inc. (KEL), both based in the West Bloomfield, Michigan area. The complaint charges Foster and KEL with fraud, registration, and books and records violation . . .