CFTC: Federal Court Orders Former Alabama Resident John David Stroud And His Companies To Pay More Than $4.7 Million In Restitution And A Civil Monetary Penalty For Committing Commodity Pool Fraud And Misappropriation

The U.S. Commodity Futures Trading Commission (CFTC) announced today that newly assigned Judge John A. Jarvey of the U.S. District Court for the Southern District of Iowa, sitting by designation, entered a summary judgment Order against Defendants John David Stroud and his companies,Stroud Capital Management, LLC, TS Capital Partners, LLC, and TS Capital Management, LLC. Stroud was a commodities trader operating out of Auburn, Alabama, prior to his incarceration.