September 21, 2012
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) announced today that it filed a notice of intent to revoke the registration of Pro Trading Course, LLC (PTC), a registered commodity trading advisor.
The notice, filed on September 20, 2012, alleges that PTC is subject to a statutory disqualification from CFTC registration based on an order of default judgment and permanent injunction entered by the U.S. District Court for the Northern District of Illinois on May 29, 2012 (see CFTC News Release 6280-12, June 14, 2012). That injunction prohibits PTC from committing further fraud, among other violations. Additionally, the default judgment order includes findings that PTC through its employees, including its principal Richard C. Regan, used false and misleading promotional materials and sales solicitations to sell its commodity futures training program and access to PTC’s Virtual Trading Room.
The CFTC appreciates the assistance of the National Futures Association.
CFTC Division of Enforcement staff members 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.
Last Updated: September 21, 2012