CALIFORNIA COURT SANCTIONS FOREIGN CURRENCY (FOREX) FIRM ACRO INFORMATION SERVICE, INC. AND ITS EMPLOYEES FOR FRAUD AND ILLEGAL COMMODITY FUTURES TRADING Fraud

CFTC release 4815-03 · 2003-07-09 · view on cftc.gov ↗

Key facts

Release number
4815-03
Release date
2003-07-09
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/4815-03

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.