CFTC Sues Centurion Capital Management Over Alleged Commodity Pool Fraud

During and before the relevant period, Svejda operated a commodity advisory subscription service, the order states. As part of this service, Svejda distributed newsletters to subscribers that provided advice on agricultural commodities.

In connection with its solicitations, and its operation of the pool, Centurion was required to register with the CFTC as a commodity pool operator, and Svejda was required to register as an associated person of Centurion.

Throughout the relevant period, however, Centurion and Svejda failed to so, the order states.

The CFTC brings the action to enjoin defendants' "unlawful acts and practices, to compel their compliance with the Act and Regulations, and to enjoin them from engaging in any commodity-related activities," the order states.

In addition, the CFTC seeks civil monetary penalties, restitution and remedial ancillary relief, including but not limited to trading and registration bans, disgorgement of benefits derived from defendants' illegal activities, fees and costs, prejudgment and post-judgment interest.