Argent Capital Management / Trevor Vernon
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Summary
The U.S. Commodity Futures Trading Commission (CFTC) filed a federal fraud complaint on July 7, 2026 against Trevor L. Vernon and his North Carolina-based firm Argent Capital Management, LLC (ACM), alleging they fraudulently solicited over $14 million from at least 60 participants between March 2022 and February 2026 for an unregistered commodity pool, Argent Capital Partners, LP. The CFTC alleges Vernon hid catastrophic trading losses of more than $8.6 million behind fabricated performance statements, misappropriated over $3 million in Ponzi-style payments to existing participants, spent $136,000 of investor funds on private air travel, and gave false sworn testimony to CFTC investigators. As of this writing the case is a pending civil enforcement action with no reported judgment or settlement.
Connected Entities
1 entities · 10 linked investigationsTimeline(9 events)
9 February 2017
Trevor Vernon becomes a registered NFA principal and CFTC-registered associated person of a separate entity, Argent Capital Trading, LLC.
CFTC Complaint6 May 2020
Vernon's registration as an associated person of Argent Capital Trading, LLC ends; the complaint states he was never registered with the CFTC in any other capacity thereafter.
CFTC Complaint11 March 2022
Argent Capital Management, LLC is formed as a Delaware LLC based in Franklin, North Carolina.
CFTC Complaint17 March 2022
Defendants allegedly begin accepting participant deposits into the Fund, marking the start of the CFTC's alleged 'Relevant Period.'
CFTC Complaint4 February 2025
A brokerage ('Broker 1') allegedly closes Vernon's trading account after an internal compliance review flagged suspicious activity.
CFTC Complaint9 June 2025
Defendants allegedly send participants an email falsely claiming a +7.03% monthly and +9.76% year-to-date return, while internal records purportedly showed losses.
CFTC Complaint15 January 2026
Vernon allegedly gives false sworn testimony to CFTC officers regarding the Fund's profitability and the source of funds in his trading accounts.
CFTC ComplaintJuly 2026
CFTC files civil fraud complaint against Trevor L. Vernon and Argent Capital Management, LLC in the U.S. District Court for the Western District of North Carolina.
CFTC Complaint / CFTC Press Releasemodel: claude-code-investigator
generated: 9/14/2026, 11:21:44 PM
last updated: 9/15/2026, 6:42:09 AM
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