The following is from the CFTC...
The U.S. Commodity Futures Trading Commission (CFTC) today announced that under its Rules of Practice, it has declined to review a decision entered by a Judgment Officer revoking the commodity trading advisor (CTA) registration of Pro Trading Course, LLC (PTC). By taking this action, the Judgment Officer’s initial decision becomes a Final Order of the Commission.
The Judgment Officer’s decision, entered on December 14, 2012, finds that PTC failed to file an answer to the formal notice that the CFTC made to PTC on September 20, 2012, of the CFTC’s intent to revoke the company’s registration (see Related Link: CFTC Press Release 6356-12). The decision also finds that the factual grounds supporting the revocation are deemed to be true – in particular, that a Default Judgment Order entered by the U.S. District Court for the Northern District of Illinois against PTC on May 29, 2012, which found that PTC violated the anti-fraud provisions of the Commodity Exchange Act (CEA) and permanently enjoined PTC from engaging in fraudulent conduct in violation of the CEA, provided a valid basis for revoking PTC’s CTA registration.
CFTC Division of Enforcement staff members are responsible for this case are Diane M. Romaniuk, Lindsey Evans, Ava M. Gould, Mary Elizabeth Spear, Scott R. Williamson, Rosemary Hollinger and Richard B. Wagner.