The U.S. derivatives market regulator Commodity Futures Trading Commission (CFTC) has announced that Judge R. Gary Klausner of the U.S. District Court for the Central District of California entered a consent order against Red Rock Secured, LLC (Red Rock), Sean L. Kelly f/k/a Shade L. Kelly-Johnson, and Anthony “Tony” Spencer on April 23. The order finds the defendants liable for making fraudulent misrepresentations to customers and rendering unlawful investment advice in connection with the purchase and sale of precious metals. The order requires the defendants collectively to pay $38,984,313.90 in restitution to ... (full story)