CFTC Orders Georgia Resident Jonathan A. Parker And His Company QuantX Capital, LLC To Pay A Civil Monetary Penalty And Restitution Totaling More Than $1 Million For Engaging In Foreign Exchange Commodity Pool Fraud - Parker And QuantX Misappropriated At Least $341,500 Of Customer Funds For Business And Personal Expenses

The U.S. Commodity Futures Trading Commission (CFTC) today entered an Order requiring Jonathan A. Parker and QuantX Capital, LLC (QuantX), both of Marietta, Georgia, jointly and severally to pay a $680,000 civil monetary penalty and restitution totaling $341,500 and imposing permanent trading and registration bans on them for committing fraud and misappropriation in connection with operating a commodity pool that offered leveraged or margined off-exchange foreign currency (forex) transactions. Parker, a former CFTC registrant, is the CEO, President, and sole owner of QuantX and is responsible for all the company’s activities.