# CFTC OBTAINS PRELIMINARY INJUNCTION PREVENTING FLORIDA COMMODITY TRADING FIRM, UNITED INVESTORS GROUP, INC. AND FIVE EMPLOYEES, FROM VIOLATING THE COMMODITY EXCHANGE ACT; Nearly 98 Percent Of Accounts Opened At UIG Between August 2003 And June 2004 Lost Money Trading Commodity Options; Customers Lost More Than $6.1 Million, While UIG Charged Over $4.25 Million In Commissions And Fees

> CFTC release 5095-05 · 2005-06-30

## Key facts

- **Release number:** 5095-05
- **Release date:** 2005-06-30
- **Type:** Press release
- **Title:** CFTC OBTAINS PRELIMINARY INJUNCTION PREVENTING FLORIDA COMMODITY TRADING FIRM, UNITED INVESTORS GROUP, INC. AND FIVE EMPLOYEES, FROM VIOLATING THE COMMODITY EXCHANGE ACT; Nearly 98 Percent Of Accounts Opened At UIG Between August 2003 And June 2004 Lost Money Trading Commodity Options; Customers Lost More Than $6.1 Million, While UIG Charged Over $4.25 Million In Commissions And Fees
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5095-05



## Citation

> US Commodity Futures Trading Commission, press release 5095-05, "CFTC OBTAINS PRELIMINARY INJUNCTION PREVENTING FLORIDA COMMODITY TRADING FIRM, UNITED INVESTORS GROUP, INC. AND FIVE EMPLOYEES, FROM VIOLATING THE COMMODITY EXCHANGE ACT; Nearly 98 Percent Of Accounts Opened At UIG Between August 2003 And June 2004 Lost Money Trading Commodity Options; Customers Lost More Than $6.1 Million, While UIG Charged Over $4.25 Million In Commissions And Fees", 2005-06-30. Retrieved via AI Analytics 2026-07-18 from https://api.ai-analytics.org/cftc-action/5095-05.

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