In CFTC Enforcement Action, Federal Court Orders Florida Resident Martin Sommers and His Company International Monetary Metals, Inc. to Pay over $9.8 Million for Engaging in Illegal, Off-Exchange Precious Metals Transactions and Registration Violations

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge William J. Zloch of the U.S. District Court for the Southern District of Florida granted the CFTC’s motion for entry of final default judgment against Defendants International Monetary Metals, Inc., a Florida corporation, and its controlling person, Florida resident Martin Sommers.