Several The Traders Domain scammers have consented to preliminary injunctions.

Between October 22nd and 25th, the CFTC filed preliminary injunction consent orders pertaining to:

Traders Domain FX LTD, dba The Traders Domain;

Ares Global LTD, dba Trublue FX, Algo Capital LLC, Algo FX Capital Advisor LLC (nka Quant5 Advisor LLC);

Centurion Capital Group Inc.;

Alejandro Santiesteban, aka Alex Santi;

Archie Rice;

Gabriel Beltran;

Michael Shannon Sims, aka Mike Sims; and

John Fortini

As of October 28th, the court has issued preliminary injunction consent orders for Traders Domain FX LTD, Ares Global LTD, Centurion Capital Group, Alejandro Santiesteban, Archie Rice and Gabriel Beltran.

The injunctions were granted based on:

the CFTC making a prima facie showing that the consenting defendants violated the Commodities Act;

the CFTC being likely to succeed on the merits of its enforcement action; and

“reasonable likelihood” that the The Traders Domain defendants “will transfer of dissipate assets or destroy records”

The granted preliminary injunctions freeze the defendants’ assets, allowing the court appointed Receiver to conduct “expedited discovery” and inspect frozen assets.

A show cause hearing, pertaining to preliminary injunctions against the remaining The Traders Domain defendants, has been pushed back to November 12th, 2024.

Update 6th November 2024 – 
On October 31st the CFTC filed an injunction consent motion pertaining to Steven Likos.

Between October 31st and November 1st orders granting consented injunctions against Mike Sims, John Fortini and Steven Likos were made.

Update 13th November 2024 – 
The show cause and preliminary injunction hearing has been continued to December 12th.

Holton Buggs has also filed for
dissolvement of the The Traders Domain Receivership
.

Update 7th January 2025 –
Citing the need to “depose key witnesses and narrow… contested issues before the Court”, on December 30th the parties requested the January 6th preliminary injunction be continued.

The court granted the motion later the same day. The Traders Domain preliminary injunction hearing is now scheduled for January 24th.

🤖 Quick Answer

What are preliminary injunctions in The Traders Domain case?
Court-ordered measures prohibiting The Traders Domain and associated entities from engaging in unauthorized forex trading and commodities activities. These injunctions, filed by the CFTC between October 22-25, were consented to by defendants, requiring court approval and enforcement of regulatory compliance obligations.

Who are the defendants in The Traders Domain enforcement action?
The defendants include Traders Domain FX LTD, Ares Global LTD, Centurion Capital Group Inc., and eight individuals: Alejandro Santiesteban, Archie Rice, Gabriel Beltran, Michael Shannon Sims, John Fortini, and associated company representatives operating under various trading names and aliases.

When were The Traders Domain preliminary injunctions issued?
The CFTC filed preliminary injunction consent orders between October 22-25. As of

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