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Andrew Duncan and The Aurum Society, Inc.

Name: Andrew Duncan DOB: 10/11/67

On August 30, 2001, the Division of Enforcement for FOREX: The Commodity Futures Trading Commission (CFTC) filed an injunctive action in the U.S. District Court for the Northern District of Illinois, Eastern Division, against Andrew Duncan and The Aurum Society, Inc., charging them with fraud and registration violations of the Commodity Exchange Act and the CFTC’s regulations. The CFTC complaint charges that Duncan operated a commodity pool and collected over $3 million from clients while failing to register with the CFTC as a commodity pool operator. The complaint also alleges that Duncan misrepresented pool profits and issued statements overstating the pool's value. In addition, Duncan prepared and provided to at least two of his clients false information regarding the rate of return for the clients' accounts.

On August 30, 2001, the Honorable Judge David Coar, United States District Judge for the Northern District of Illinois, Eastern Division, issued a statutory restraining order against Duncan and the Aurum Society, which, among other things, prohibits the transfer or dissipation of any assets, funds or other property controlled by Duncan.

If you have information regarding Andrew Duncan, please contact the CFTC at 312-886-3137 or via email at wheitner@cftc.gov.

• Background on CFTC v. Andrew Duncan and The Aurum Society, Inc.

• The CFTC Complaint, filed August 30, 2001 (PDF format).

• Statutory Ex Parte Restraining Order, filed August 30, 2001 (PDF format).

• Click here to report a sighting of Duncan.