Commodity Futures Trading Commission v. Red Rock Secured, LLC

UNITED STATES DISTRICT COURT

CENTRAL DISTRICT OF CALIFORNIA

CIVIL MINUTES - GENERAL

Case No. 2:23-cv-03680-RGK-PVC Date April 1, 2024 Title Commodity Futures Trading Commission et al. v. Red Rock Secured, LLC et al.

Present: The Honorable R. GARY KLAUSNER, UNITED STATES DISTRICT JUDGE Joseph Remigio Not Reported N/A Deputy Clerk Court Reporter / Recorder Tape No. Attorneys Present for Plaintiffs: Attorneys Present for Defendants: Not Present Not Present Proceedings: (IN CHAMBERS) Order to Show Cause Re: CFTC’s Authority to Bring the Present Enforcement Action On May 15, 2023, the Commodity Futures Trading Commission (“CFTC”), the California Department of Financial Protection and Innovation (“DFPI’) and Hawaii Department of Commerce and Consumer Affairs, Securities Enforcement Branch (“SEB”) (collectively, “Plaintiffs”) filed a Complaint against Red Rock Secured, LLC (“Red Rock”), Sean Kelly, and Anthony Spencer (collectively, Defendants”) alleging, among other things, that Defendants engaged in unlawful…