Federal Court Orders California Resident Ghassan Tawachi And His Firm, Intelligent Trades, LLC, To Pay In Total Nearly $1.5 Million In Disgorgement And A Monetary Penalty For Defrauding Clients Through A Bogus Commodity Futures Trading System - Order Imposes Permanent Trading And Registration Bans On The Defendants - Order Also Finds That Tawachi Violated A 2012 CFTC Order That Prohibited Him From Commodity Futures Trading

The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court Consent Order for Permanent Injunction against Defendants Ghassan Tawachi of Irvine, California, and his firm, Intelligent Trades, LLC, a Florida limited liability company, requiring them to jointly and severally disgorge $479,755 of ill-gotten gains and pay a $1 million civil monetary penalty for defrauding clients through the operation of a commodity futures software trading system. In addition, the Order finds that Tawachi acted as a Commodity Trading Advisor without being registered with the CFTC as required by the Commodity Exchange Act (CEA).