The U.S. Commodity Futures Trading Commission (CFTC) has charged Trevor Vernon of North Carolina and his company, Argent Capital Management LLC, with defrauding investors of $14 million. According to the CFTC's complaint, Vernon misled approximately 60 investors through a fraudulent commodity pool involving stock index futures options, futures contracts, and crypto assets. Despite presenting himself as a successful trader, Vernon incurred combined losses of at least $8.6 million. The CFTC alleges that Vernon and his company were not registered with the commission and falsely claimed registration status. The regulatory body is seeking civil monetary penalties, disgorgement of ill-gotten gains, restitution, trading and registration bans, and a permanent injunction against Vernon and his company.