Federal Court Orders Oregon-based System Capital, LLC and its President Joshua Wallace to Pay $840,000 for Solicitation Fraud and Making False Statements to the National Futures Association

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03/20/2013 04:40 PM EDT

The CFTC announced that Judge Katherine B. Forrest of the U.S. District Court for the Southern District of New York entered a default judgment and permanent injunction Order against Defendants System Capital, LLC and its founder and president, Joshua Wallace, both of Lake Oswego, Oregon.