CFTC charges three Texan brokers

WASHINGTON, DC - The US Commodity Futures Trading Commission (CFTC) last week obtained an emergency court order freezing assets of three Texas-based brokers and their two companies for running an $8 million foreign exchange fraud scheme.

Scott Kear, Jeffrey Lyon and David Seaman have been charged with soliciting funds from 224 investors, in the guise of trading spot FX, options and commodity futures through their companies, M25 Investments and M37 Investments. Investors were allegedly lured with

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