Federal Court Orders Florida Resident Rico Omar Cox to Pay Over $940,000 and Imposes Permanent Trading and Registration Bans for Solicitation Fraud and False Statements in Commodity Futures Fraud Action Brought by CFTC

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge William J. Zloch of the U.S. District Court for the Southern District of Florida (Fort Lauderdale) entered an Order of Default Final Judgment (Order) against Defendant Rico Omar Cox (a.k.a. Omar Negron) (Cox) of Dania Beach, Florida, requiring restitution of $381,000 and imposing a $560,000 civil monetary penalty for defrauding his clients in connection with commodity futures trading.