Online Trading Academy

Last Updated:
Case Status:
Pending
Federal Trade Commission, Plaintiff, v. OTA Franchise Corporation, a Nevada Corporation; Newport Exchange Holdings, Inc., a California corporation; NEH Services, Inc., a California corporation; Eyal Shachar, also known as Eyal Shahar, individually and as an officer of OTA Franchise Corporation and Newport Exchange Holdings, Inc.; Samuel R. Seiden, individually and as an officer of OTA Franchise Corporation, and Darren Kimoto, individually and as an officer of OTA Franchise Corporation, Defendants.
FTC Matter/File Number:

1823175

Civil Action Number:

20-cv-00284

Federal Court:
Central District of California

Case Summary

A federal court has granted the Federal Trade Commission’s request for a preliminary injunction to halt the alleged illegal practices of Online Trading Academy (OTA). The court had previously entered a temporary restraining order in the case.