Woodland Hills Broker Is Fined $4.5 Million
From Bloomberg News
A federal judge has ordered Chase Commodities Corp. of Woodland Hills and two executives to pay more than $4.5 million in fines and restitution for allegedly deceiving clients about the risks of commodity trading.
In a Jan. 25 order, U.S. District Judge Percy Anderson in Los Angeles found that Chase personnel had “made uniform and consistent misrepresentations” to potential customers to induce them to trade.
