All scam alerts
Public scam alert
CFTC Moves to Permanently Revoke Registrations of Convicted Mississippi Advisor Ted Brent Alexander
The CFTC has initiated enforcement proceedings to permanently revoke the registrations of Ted Brent Alexander following his federal wire fraud conviction.
Pause before you respond
Do not send money, disclose credentials, or use contact details supplied in an unsolicited message. Verify the organisation independently.
The Commodity Futures Trading Commission (CFTC) has launched a formal registration action against Ted Brent Alexander, based in Jackson, Mississippi, seeking the permanent revocation of his regulatory status.
The enforcement action follows Alexander's guilty plea to conspiracy to commit wire fraud in a federal criminal proceeding. Alexander had previously been registered with the CFTC as a commodity trading advisor (CTA) and associated person (AP) since 2008. His registrations were earlier suspended after a federal criminal indictment charged him with six felony counts related to wire fraud as well as securities and commodities fraud conspiracy.
According to the CFTC's Notice of Intent, federal commodity laws authorize the permanent revocation of Alexander's registrations because his conviction directly involved offenses such as fraud, theft, embezzlement, fraudulent conversion, misappropriation of funds or property, and false pretenses. The CFTC Division of Enforcement acknowledged the assistance of the National Futures Association (NFA) in pursuing this action.