# CFTC CHARGES FLORIDA FOREIGN CURRENCY (FOREX) OPTIONS FIRM WITH DEFRAUDING CUSTOMERS; Gibraltar Monetary Corporation, Inc. and Employees Jayson Kline, Charles Fremer, Thomas Clancy, and Edward Johnson Allegedly Lied When Pitching Foreign Currency Options to Customers; Forex Capital Markets, LLC Also Charged

> CFTC release 4892-04 · 2004-02-11 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 4892-04
- **Release date:** 2004-02-11
- **Type:** Other enforcement
- **Title:** CFTC CHARGES FLORIDA FOREIGN CURRENCY (FOREX) OPTIONS FIRM WITH DEFRAUDING CUSTOMERS; Gibraltar Monetary Corporation, Inc. and Employees Jayson Kline, Charles Fremer, Thomas Clancy, and Edward Johnson Allegedly Lied When Pitching Foreign Currency Options to Customers; Forex Capital Markets, LLC Also Charged
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4892-04

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 4892-04, "CFTC CHARGES FLORIDA FOREIGN CURRENCY (FOREX) OPTIONS FIRM WITH DEFRAUDING CUSTOMERS; Gibraltar Monetary Corporation, Inc. and Employees Jayson Kline, Charles Fremer, Thomas Clancy, and Edward Johnson Allegedly Lied When Pitching Foreign Currency Options to Customers; Forex Capital Markets, LLC Also Charged", 2004-02-11. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/4892-04.

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