U.S. Commodity Futures Trading Commission v. Maverick Asset Management, LLC et al

Filing 84

JUDGMENT in favor of U.S. Commodity Futures Trading Commission against Rodney Scott Phleps. Signed by Judge David M. Lawson on 3/16/2022. (xc:Pro se party by regular mail. ) (DOCKET TEXT SUMMARY ONLY-ATTORNEYS MUST OPEN THE PDF AND READ THE ORDER.)(jm)

UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF TENNESSEE
NASHVILLE DIVISION
UNITED STATES COMMODITY
FUTURES TRADING COMMISSION,
Plaintiff,

Case Number 15-00928
Honorable David M. Lawson

v.
MAVERICK ASSET MANAGEMENT, LLC,
RODNEY SCOTT PHELPS, and JASON T.
CASTENIR,
Defendant.
________________________________________/
JUDGMENT

In accordance with the opinion and order entered on this date,
It is ORDERED AND ADJUDGED that defendant Rodney Scott Phelps, and all other
persons and entities in active concert and participation with him who receive actual notice of this
judgment, hereby PERMANENTLY ARE RESTRAINED, ENJOINED, AND PROHIBITED
from doing any of the following:
1.

Engaging in conduct in violation of 7 U.S.C. §§ 6b(a)(2)(A)-(C); 6o(1);

2.

Engaging in conduct in violation of 7 USC § 6m(1);

3.

Engaging in conduct in violation of 17 CFR §§ 4.20(b)-(c);

4.

Directly or indirectly:
(i)

trading on or subject to the rules of any registered entity (as that term is

defined in Section 1a(40) of the CEA, 7 U.S.C. § 1a(40));
(ii)

entering into any transactions involving “commodity interests” (as that term

is defined in Regulation 1.3, 17 C.F.R. § 1.3), for the defendant’s own personal account or for any
account in which he has a direct or indirect interest;

(iii)

having any commodity interests traded on the defendant’s behalf;

(iv)

controlling or directing the trading for or on behalf of any other person or

entity, whether by power of attorney or otherwise, in any account involving commodity interests;
(v)

soliciting, receiving, or accepting any funds from any person for the purpose

of purchasing or selling any commodity interests;
(vi)

applying for registration or claiming exemption from registration with the

Commission in any capacity, and engaging in any activity requiring such registration or exemption
from registration with the Commission, except as provided for in Regulation 4.14(a)(9), 17 C.F.R.
§ 4.14(a)(9);
(vii)

acting as a principal (as that term is defined in Regulation 3.1 (a), 17 C.F.R.

§ 3.1(a)), agent, or any other officer or employee of any person registered, exempted from
registration, or required to be registered with the Commission, except as provided for in Regulation
4.14(a)(9); or
(viii)

engaging in any business activities related to commodity interests.

It is further ORDERED AND ADJUDGED that the plaintiff shall recover from defendant
Rodney Scott Phelps restitution on behalf of the unnamed investors in the amount of $1,172,800.
It is further ORDERED AND ADJUDGED that the plaintiff shall recover from defendant
Rodney Scott Phelps civil monetary penalties in the amount of $420,000.
s/David M. Lawson
DAVID M. LAWSON
United States District Judge
Sitting by special designation
Dated: March 14, 2022

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