The Commodity Futures Trading Commission consented to the transfer of venue to a federal court closer to defendants of its lawsuit against Monex Deposit Company and two affiliated companies (collectively, “Monex”) and Louis Cabrini and Michael Cabrini, the firms’ principals. The CFTC sued the defendants last month in a federal court in Illinois claiming they engaged in fraud and illegal precious metal transactions with retail clients. Earlier this month, the defendants made a motion to transfer the litigation to a federal court in California, closer to Monex’s location. (Click here for background in the article “Retail Metals Dealer Sued by CFTC for Not Fulfilling Delivery Obligations to Financed Customers Says Actual Delivery Was Made” in October 8, 2017 edition of Bridging the Week.)