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Violation Tracker Individual Record

Company: Monex Deposit Company et al.
Penalty: $38,000,000
Year: 2022
Date: December 21, 2022
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Commodity Futures Trading Commission announced that the U.S. District Court for the Central District of California entered a consent order for permanent injunction, monetary sanctions, and equitable relief againstMonex Deposit Company,Monex Credit Company,Newport Services Corporation, and their owners. The order required the defendants to pay $33 million in restitution to customers, and a $5 million civil monetary penalty. The order further barred the defendants from trading futures or options on a regulated market, unless such trading is for the purpose of hedging.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.