The Commodity Futures Trading Commission today issued an order filing and settling charges against Cody Ryan Porter of Nevada and his company KatchPips FX LLC, a Nevada limited liability company, for misappropriating customer funds and for fraudulently soliciting more than $200,000 from over 18 individuals to invest in a forex commodity pool. The order requires Porter and KatchPips to pay a $187,240 civil monetary penalty and $187,240 in restitution to defrauded customers, along with any post-judgment interest. In addition, the order imposes a permanent ban on Porter and KatchPips FX from trading on or subject to the ... (full story)