The action launched by the Commodity Futures Trading Commission (CFTC) against Rathnakishore Giri and SR Private Equity, LLC and NBD Eidetic Capital, LLC faces a stay, as indicated by documents recently filed with the Ohio Southern District Court.
The documents, seen by FX News Group, show that the CFTC has consented to the U.S. government’s requests to intervene and stay the proceedings.
The US Government seeks leave to intervene in the CFTC action under Federal Rule of Civil Procedure 24; and moves to stay this case through the conclusion of the parallel criminal prosecution, which is currently scheduled for trial on April 15, 2024.
The CFTC filed its action against…
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