The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Michael S. Wright, of Jersey City, New Jersey, and his firm Wright Time Capital Group LLC, d/b/a Global FX Club (WTCG), charging them with fraud, misappropriation, and issuing false account statements in connection with a pooled investment in foreign currency derivatives trading.
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