The Commodity Futures Trading Commission (CFTC) today announced U.S. District Judge Fernando M. Olguin, Central District of California, issued orders of default judgment against a company and two individuals: Regal Assets LLC, a California LLC; Regal Assets’ owner and CEO, Tyler G. Gallagher, formerly of Los Angeles; and Regal Assets’ former President Leah Donoso of Robinson, Texas.
The orders stem from the CFTC and the California Department of Financial Protection and Innovation complaint jointly filed September 27, 2023, charging the defendants with misappropriating customer funds given to defendants to purchase precious metals from Regal Assets.
As alleged in the complaint, Regal Assets solicited customers to transfer…
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