Trevor Vernon / Argent Capital Management
Summary
Trevor L. Vernon and his firm Argent Capital Management LLC (ACM), based in Franklin, North Carolina, face a civil enforcement complaint filed July 7, 2026 by the U.S. Commodity Futures Trading Commission (CFTC) in the Western District of North Carolina. The CFTC alleges Vernon fraudulently solicited over $14.8 million from at least 60 investors between March 2022 and February 2026 by falsely claiming his commodity pool generated extraordinary profits from equity index futures, options, and crypto asset trading, while investors' funds in fact suffered consistent and catastrophic losses. The complaint further alleges Ponzi-like payments to early investors using new investor capital, misappropriation of approximately $136,000 for private air travel, and false sworn testimony to the CFTC during its investigation.
Connected Entities
1 entities · 10 linked investigationsTimeline(8 events)
2017-02
Trevor Vernon registered with the CFTC as an associated person of Argent Capital Trading LLC.
The Franklin Press2020-05
Vernon's CFTC registration as an associated person of Argent Capital Trading LLC lapsed.
The Franklin Press2022-03
Alleged solicitation of investor funds by Trevor Vernon and Argent Capital Management LLC begins. The complaint period starts here.
CFTC Press Release 9264-262026-01
Vernon allegedly provided false sworn testimony during a CFTC investigative interview.
crypto.news2026-02
Alleged solicitation and pool operation ends. The complaint period closes here.
CFTC Press Release 9264-262026-03-03
Argent Capital Management clients notified that the fund had been depleted and an investigation was underway.
The Franklin Press2026-07-07
CFTC filed a seven-count civil enforcement complaint against Trevor L. Vernon and Argent Capital Management LLC in the U.S. District Court for the Western District of North Carolina.
CFTC Press Release 9264-262026-07-08
CFTC publicly announced the complaint. Coverage published by crypto.news, Yahoo Finance, Bloomberg Law, Finance Feeds, and others.
CFTC Press Release 9264-26Decision Log
- #1publish⛓ pending7/24/2026, 11:06:03 PMhash: F6Q5dmijYpma5c6Q7RcbRMXXbjbw44Pc4AhGv9nimMqG
0 of 8 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 7/24/2026, 11:05:55 PM
last updated: 7/24/2026, 11:06:03 PM
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