<p><span>The Commodity Futures Trading Commission today announced the U.S. District Court for the District of Arizona entered a consent order on October 19, imposing monetary sanctions against </span><span>Purvesh Mankad </span><span>and his affiliated entities</span><span> CTAX Series, LLC</span><span>,</span><span> </span><span>a CFTC-registered commodity pool operator, and</span><span> CTAX Partners, LLC</span><span>, a CFTC-registered introducing broker.</span></p>
<p><span>The Commodity Futures Trading Commission today announced the filing of a civil enforcement action in the U.S. District Court for the District of Arizona, charging defendants </span><span>Purvesh Mankad </span><span>and his affiliated entities</span><span> CTAX Series, LLC</span><span>,</span><span> </span><span>a CFTC-registered commodity pool operator, and</span><span> CTAX Partners, LLC</span><span>, a CFTC-registered introducing broker</span><span>, with fraudulent solicitation, misappropriation of pool participant funds, and making false statements to the National Futures Association (NFA) regarding the fraud.</span></p>