OTA Franchise Corporation, et al. (Online Trading Academy)

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

182 3175

Civil Action Number:


Enforcement Type:

Federal Injunctions

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.