Long Leaf Trading Group’s CEO won a reversal on charges that he and the company knowingly failed to register the firm as a commodity trading advisor, and thus failed to provide required disclosures.
The Commodity Futures Trading Commission brought a civil enforcement action against Long Leaf and its CEO, James Donelson, charging them with options fraud and five other violations of commodities laws. The district court granted summary judgment to the CFTC against Donelson on all counts but one—and Donelson appealed.
The district court didn’t err in concluding that there “was no genuine dispute of material facts as to the ...
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