In CFTC Enforcement Action, Federal Court Orders Florida Resident Todd Owen Marshall And His Companies Harvard Assets LLC, London Assets Inc., And Harvard International Trading, Inc. To Pay More Than $2.4 Million Total For Engaging In Illegal, Off-Exchange Precious Metals Transactions And Registration Violations

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Beth Bloom of the U.S. District Court for the Southern District of Florida granted the CFTC’s motion for entry of final default judgment Order against Defendants Harvard Assets LLC (Harvard Assets), London Assets Inc.(London Assets), and Harvard International Trading, Inc. (Harvard International), all three with their place of business in Florida, and their controlling person, Todd Owen Marshall, with a last known address in Deerfield Beach, Florida. Judge Bloom’s Order requires the Defendants to pay disgorgement totaling $612,892 and a civil monetary penalty totaling $1,838,676. The Order also imposes permanent trading, solicitation, and registration bans against the Defendants and prohibits them from violating provisions of the Commodity Exchange Act (CEA), as charged.