FEDERAL COURT ORDERS LOS ANGELES FOREIGN CURRENCY FIRMS AND THEIR PRESIDENT TO PAY $759,956 IN CFTC ACTION; Rego Gainer Financial, Inc., Rego Gainer, Inc. and Kwok Lun Lam Ordered to Pay Restitution and Civil Penalties Other enforcement
Key facts
- Release number
- 4805-03
- Release date
- 2003-06-26
- Type
- Other enforcement
- Primary source
- https://www.cftc.gov/PressRoom/PressReleases/4805-03
About CFTC enforcement
The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.