| COES FX CLEARING INC |
CFTC CV 05 2547 |
NFA ID: 0314715 |
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| 0314715 | COES FX CLEARING INC | 07/21/2006 | | 0341735 | FRISONE, ANTHONY MICHAEL | 04/12/2007 | | 0341496 | WINDSOR FOREX TRADING CORP | 03/23/2006 |
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| 0314715 | COES FX CLEARING INC | • CEA 4b(a)(i) - CHEATING OR DEFRAUDING ANOTHER PERSON PROHIBITED | | | | • CEA 4b(a)(iii) - WILLFUL DECEPTION/ATTEMPT PROHIBITED | | 0341735 | FRISONE, ANTHONY MICHAEL | • CEA 4b(a)(i) - CHEATING OR DEFRAUDING ANOTHER PERSON PROHIBITED | | | | • CFTC1.1(b)(2) - WILLFUL FALSE REPORT/STMT/RECORD PROHIBITED | | | | • CFTC1.1(b)(3) - WILLFUL DECEPTION/ATTEMPT PROHIBITED | | | | • CEA 4b(a)(iii) - WILLFUL DECEPTION/ATTEMPT PROHIBITED | | | | • CFTC1.1(b)(1) - CHEATING OR DEFRAUDING ANOTHER PERSON PROHIBITED | | 0341496 | WINDSOR FOREX TRADING CORP | • CEA 4b(a)(iii) - WILLFUL DECEPTION/ATTEMPT PROHIBITED | | | | • CEA 4b(a)(i) - CHEATING OR DEFRAUDING ANOTHER PERSON PROHIBITED |
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| 0314715 | COES FX CLEARING INC | • CFTC INJUNCTIVE ACTION | | 0341735 | FRISONE, ANTHONY MICHAEL | • CFTC INJUNCTIVE ACTION | | 0341496 | WINDSOR FOREX TRADING CORP | • CFTC INJUNCTIVE ACTION |
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| 0314715 | COES FX CLEARING INC | • OTHER (SEE NARRATIVE) | 07/21/2006 | | | | • PERMANENT INJUNCTION | 07/21/2006 | | | | • MAKE RESTITUTION TO CUSTMERS | 07/21/2006 | | 0341735 | FRISONE, ANTHONY MICHAEL | • TRADING PROHIBITION | 04/12/2007 | | | | • FINE $120000 | 04/12/2007 | | | | • STOP SOLICITING | 04/12/2007 | | | | • PERMANENT INJUNCTION | 04/12/2007 | | | | • OTHER (SEE NARRATIVE) | 04/12/2007 | | 0341496 | WINDSOR FOREX TRADING CORP | • PROTECT BOOKS | 03/23/2006 | | | | • STOP SOLICITING | 03/23/2006 | | | | • TRADING PROHIBITION | 03/23/2006 | | | | • PERMANENT INJUNCTION | 03/23/2006 | | | | • OTHER (SEE NARRATIVE) | 03/23/2006 | | | | • MAKE RESTITUTION TO CUSTMERS | 03/23/2006 | | | | • FINE $266767.88 | 03/23/2006 | | | | • DEFAULT ORDER | 03/23/2006 |
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| Commodity Futures Trading Commission
Office of External Affairs (202) 418-5080
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Release: 5086-05
For Release: June 20, 2005
FEDERAL COURT FREEZES ASSETS OF FLORIDA FIRM WINDSOR FOREX TRADING CORP. AND ITS OWNER, ANTHONY FRISONE, IN FOREIGN CURRENCY (FOREX) FRAUD CASE
Registered Futures Commission Merchant COES FX Clearing, Inc. Consents to Entry of Preliminary Injunction
WASHINGTON, D.C. -- The U.S. Commodity Futures Trading Commission (CFTC) announced today that the United States District Court for the Eastern District of New York issued orders freezing the assets of defendants Anthony M. Frisone and Windsor Forex Trading Corp. (WFTC), both of Parkland, Florida, preliminarily enjoining them from violations of the anti-fraud provisions of the Commodity Exchange Act, and prohibiting the destruction of books and records. The court took these actions in a restraining order dated May 26, 2005, and two preliminary injunction orders dated June 10, 2005.
The court’s orders stem from a CFTC complaint filed on May 25, 2005, charging the defendants with fraud in the solicitation of customers to trade foreign currency (forex) futures contracts. The CFTC complaintalleges that, between at least December 2002 and March 2004, Frisone and WFTC fraudulently solicited a total of approximately $336,000 from at least 20 retail customers to open accounts to trade foreign currency futures contracts. According to the complaint, the solicitations falsely promised steady profits and limited trading risks.
The complaint also alleges that WFTC acted as an exclusive agent for defendant COES FX Clearing, Inc. (COESfx), a registered futures commission merchant, in introducing foreign currency futures trading accounts to COESfx, and further alleges that COESfx is therefore liable as a principal for the acts of WFTC. COESfx consented to the entry of the preliminary injunction against it without admitting or denying the allegations of the complaint.
In its continuing litigation, the CFTC is seeking a permanent injunction against each defendant, the disgorgement of ill-gotten gains, the repayment of customer losses, and an award of civil monetary penalties.
The following CFTC Division of Enforcement staff members are responsible for this case: Grant Collins, Christine Ryall, Stephen Morris, Patricia Gomersall, Paul Hayeck, and Joan Manley.
# # #
Media Contacts
Alan Sobba
(202) 418-5080
Dennis Holden
(202) 418-5088
CFTC Office of External Affairs
Staff Contacts
Joan Manley
Deputy Director
CFTC Division of Enforcement
(202) 418-5356
Paul G. Hayeck
Associate Director
CFTC Division of Enforcement
(202) 418-5312
Related Document
Complaint
Preliminary Injunction-1
Preliminary Injunction-2
Restraining Order
--------------------------------------------------------------------------------
Updated June 20, 2005 3/23/06 - Order of Default Judgment, Permanent Injunction, Civil Monetary Penalty and Ancillary Equiable Relief entered. Restitution of $266,767.88 and civil monetary penalty of $266,767.88 plus post judgment interest. | | | |
| Commodity Futures Trading Commission
Office of External Affairs (202) 418-5080
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Release: 5086-05
For Release: June 20, 2005
FEDERAL COURT FREEZES ASSETS OF FLORIDA FIRM WINDSOR FOREX TRADING CORP. AND ITS OWNER, ANTHONY FRISONE, IN FOREIGN CURRENCY (FOREX) FRAUD CASE
Registered Futures Commission Merchant COES FX Clearing, Inc. Consents to Entry of Preliminary Injunction
WASHINGTON, D.C. -- The U.S. Commodity Futures Trading Commission (CFTC) announced today that the United States District Court for the Eastern District of New York issued orders freezing the assets of defendants Anthony M. Frisone and Windsor Forex Trading Corp. (WFTC), both of Parkland, Florida, preliminarily enjoining them from violations of the anti-fraud provisions of the Commodity Exchange Act, and prohibiting the destruction of books and records. The court took these actions in a restraining order dated May 26, 2005, and two preliminary injunction orders dated June 10, 2005.
The court’s orders stem from a CFTC complaint filed on May 25, 2005, charging the defendants with fraud in the solicitation of customers to trade foreign currency (forex) futures contracts. The CFTC complaintalleges that, between at least December 2002 and March 2004, Frisone and WFTC fraudulently solicited a total of approximately $336,000 from at least 20 retail customers to open accounts to trade foreign currency futures contracts. According to the complaint, the solicitations falsely promised steady profits and limited trading risks.
The complaint also alleges that WFTC acted as an exclusive agent for defendant COES FX Clearing, Inc. (COESfx), a registered futures commission merchant, in introducing foreign currency futures trading accounts to COESfx, and further alleges that COESfx is therefore liable as a principal for the acts of WFTC. COESfx consented to the entry of the preliminary injunction against it without admitting or denying the allegations of the complaint.
In its continuing litigation, the CFTC is seeking a permanent injunction against each defendant, the disgorgement of ill-gotten gains, the repayment of customer losses, and an award of civil monetary penalties.
The following CFTC Division of Enforcement staff members are responsible for this case: Grant Collins, Christine Ryall, Stephen Morris, Patricia Gomersall, Paul Hayeck, and Joan Manley.
# # #
Media Contacts
Alan Sobba
(202) 418-5080
Dennis Holden
(202) 418-5088
CFTC Office of External Affairs
Staff Contacts
Joan Manley
Deputy Director
CFTC Division of Enforcement
(202) 418-5356
Paul G. Hayeck
Associate Director
CFTC Division of Enforcement
(202) 418-5312
Related Document
Complaint
Preliminary Injunction-1
Preliminary Injunction-2
Restraining Order
--------------------------------------------------------------------------------
Updated June 20, 2005 3/23/06 - Order of Default Judgment, Permanent Injunction, Civil Monetary Penalty and Ancillary Equiable Relief entered. Restitution of $266,767.88 and civil monetary penalty of $266,767.88 plus post judgment interest. | | | |
| Commodity Futures Trading Commission
Office of External Affairs (202) 418-5080
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Release: 5086-05
For Release: June 20, 2005
FEDERAL COURT FREEZES ASSETS OF FLORIDA FIRM WINDSOR FOREX TRADING CORP. AND ITS OWNER, ANTHONY FRISONE, IN FOREIGN CURRENCY (FOREX) FRAUD CASE
Registered Futures Commission Merchant COES FX Clearing, Inc. Consents to Entry of Preliminary Injunction
WASHINGTON, D.C. -- The U.S. Commodity Futures Trading Commission (CFTC) announced today that the United States District Court for the Eastern District of New York issued orders freezing the assets of defendants Anthony M. Frisone and Windsor Forex Trading Corp. (WFTC), both of Parkland, Florida, preliminarily enjoining them from violations of the anti-fraud provisions of the Commodity Exchange Act, and prohibiting the destruction of books and records. The court took these actions in a restraining order dated May 26, 2005, and two preliminary injunction orders dated June 10, 2005.
The court’s orders stem from a CFTC complaint filed on May 25, 2005, charging the defendants with fraud in the solicitation of customers to trade foreign currency (forex) futures contracts. The CFTC complaintalleges that, between at least December 2002 and March 2004, Frisone and WFTC fraudulently solicited a total of approximately $336,000 from at least 20 retail customers to open accounts to trade foreign currency futures contracts. According to the complaint, the solicitations falsely promised steady profits and limited trading risks.
The complaint also alleges that WFTC acted as an exclusive agent for defendant COES FX Clearing, Inc. (COESfx), a registered futures commission merchant, in introducing foreign currency futures trading accounts to COESfx, and further alleges that COESfx is therefore liable as a principal for the acts of WFTC. COESfx consented to the entry of the preliminary injunction against it without admitting or denying the allegations of the complaint.
In its continuing litigation, the CFTC is seeking a permanent injunction against each defendant, the disgorgement of ill-gotten gains, the repayment of customer losses, and an award of civil monetary penalties.
The following CFTC Division of Enforcement staff members are responsible for this case: Grant Collins, Christine Ryall, Stephen Morris, Patricia Gomersall, Paul Hayeck, and Joan Manley.
# # #
Media Contacts
Alan Sobba
(202) 418-5080
Dennis Holden
(202) 418-5088
CFTC Office of External Affairs
Staff Contacts
Joan Manley
Deputy Director
CFTC Division of Enforcement
(202) 418-5356
Paul G. Hayeck
Associate Director
CFTC Division of Enforcement
(202) 418-5312
Related Document
Complaint
Preliminary Injunction-1
Preliminary Injunction-2
Restraining Order
--------------------------------------------------------------------------------
Updated June 20, 2005 3/23/06 - Order of Default Judgment, Permanent Injunction, Civil Monetary Penalty and Ancillary Equiable Relief entered. Restitution of $266,767.88 and civil monetary penalty of $266,767.88 plus post judgment interest. | | |
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