For Release: February 1, 2007
Washington, D.C.— The U.S. Commodity Futures Trading Commission (CFTC) announced today that it issued an order revoking the registration of United Investors Group, Inc. (UIG) as an Introducing Broker (IB). The order finalized a December 20, 2006, initial order issued by a CFTC Administrative Law Judge (ALJ). The initial order stemmed from a CFTC statutory disqualification proceeding brought against UIG in August 2006. (See CFTC News Release 5232-06, September 26, 2006.)
In the initial order, the ALJ entered a default judgment against UIG and found that appropriate bases existed for revoking UIG’s registration as an IB because UIG entered into a settlement in Federal District Court in Florida which, among other things, (1) establishes a permanent injunction against UIG; and (2) enjoins UIG from acting in any capacity requiring registration or exemption from registration. (See CFTC News Release 5207-06, July 26, 2006.)
The following CFTC Division of Enforcement staff members are responsible for this case: Richard Glaser, Charles Marvine, and Rachel Hayes.
Last Updated: August 5, 2007