**Release:
    ������������
    #4297-99****For Release:����� August
    2, 1999****CFTC FILES COMPLAINT IN MINNESOTA FEDERAL COURT AGAINST COMMODITY
    TRADING ADVISOR, PELTON STREET PUBLISHING, INC., AND ITS PRINCIPAL, ROGER
    MARTIN HOY, CHARGING FRAUD IN SOLICITING CUSTOMERS FOR COMMODITY TRADING
    COURSE****CFTC Seeks Injunctive and Other Equitable Relief, Including
    Disgorgement of Ill-Gotten Gains, Restitution to Defrauded Customers, and
    Civil Monetary Penalties**
     WASHINGTON -- The Commodity Futures Trading Commission (CFTC) announced
    the filing on August 2, 1999, of a four-count civil
    injunctive complaint in the U.S. District Court for the District of
    Minnesota against **Pelton Street Publishing, Inc. (Pelton)**,
    ****a South Dakota corporation with offices in Minnetonka,
    Minnesota, and its president and principal, **Roger Martin Hoy a/k/a
    Roger Martin**. The complaint alleges that Pelton and Hoy
    fraudulently solicited members of the public to purchase a 90-day commodity
    trading "course" called "The Keys to the Marvelous Money Machine" (the
    "Money Machine"). Pelton has been registered with the CFTC as a commodity
    trading advisor (CTA) since October 1998.
     Specifically, the complaint alleges that from at least October 1998
    through the present, in mail solicitations sent nationwide, Pelton and Hoy
    have falsely claimed that Hoy has personally made substantial profits
    through futures trading, that purchasers of the Money Machine are likely to
    achieve substantial profits with minimal or no risk, and that specific
    commodity traders have made extravagant profits by using the Money Machine.
    According to the complaint, the defendants' mail solicitations also include
    testimonials that falsely purport to be from customers who have purchased
    the Money Machine and make false claims of huge profits achieved by using
    the course. Defendants' commodity trading course, the complaint alleges,
    consists of a manual and audiotapes that describe basic information about
    futures and options trading, provide a trading strategy, and purport to
    teach how to use stop loss orders and options to trade in a manner
    described as "virtually risk free." It is also alleged that the course
    includes 90-day access to messages recorded by the defendants that can be
    retrieved through an automated telephone system.
     The CFTC's civil complaint alleges that by making false and misleading
    statements about the Money Machine, Pelton and Hoy violated the anti-fraud
    provisions of the Commodity Exchange Act (CEA), specifically sections
    4b(a), 4c(b), and 4o of the CEA and CFTC regulations 4.41 and 33.10.
    The CFTC also charges Pelton with violating CFTC regulation 4.33 by failing
    to maintain and produce, upon the CFTC's request, copies or transcriptions
    of the advice it has provided to Money Machine customers through recorded
    telephone messages.
     The CFTC is seeking preliminary and permanent injunctions to prevent
    Pelton and Hoy from further violating the CEA and CFTC regulations, an
    accounting, disgorgement of ill-gotten gains, restitution to defrauded
    customers, and civil monetary penalties of not more than $110,000 per
    violation or triple the monetary gain for each violation committed.