Winnetka, Ill.-based One World Capital Group LLC and its president, John Edward Walsh, must pay $520,000 in civil fines and are barred from the futures industry. The order comes from a federal judge in Chicago in resolution of a complaint filed by the Commodity Futures Trading Commission (CFTC).
According to the CFTC, Walsh and One World did not demonstrate compliance with capital requirements or maintain proper records.
- Judge orders $520,000 in fines against One World Capital and its president
- Federal Court Orders Forex Dealer One World Capital Group and Its President, John "Jack" Edward Walsh, to Pay $520,000 in Sanctions