# FEDERAL COURT ORDERS NEW YORK FOREIGN CURRENCY FIRM TO PAY OVER $100 MILLION IN U.S. COMMODITY FUTURES TRADING COMMISSION ANTI-FRAUD ACTION; International Financial Services (New York) Inc. Ordered to Pay Civil Penalties and Repay Customers

> CFTC release 4816-03 · 2003-07-10 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 4816-03
- **Release date:** 2003-07-10
- **Type:** Fraud
- **Title:** FEDERAL COURT ORDERS NEW YORK FOREIGN CURRENCY FIRM TO PAY OVER $100 MILLION IN U.S. COMMODITY FUTURES TRADING COMMISSION ANTI-FRAUD ACTION; International Financial Services (New York) Inc. Ordered to Pay Civil Penalties and Repay Customers
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4816-03

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 4816-03, "FEDERAL COURT ORDERS NEW YORK FOREIGN CURRENCY FIRM TO PAY OVER $100 MILLION IN U.S. COMMODITY FUTURES TRADING COMMISSION ANTI-FRAUD ACTION; International Financial Services (New York) Inc. Ordered to Pay Civil Penalties and Repay Customers", 2003-07-10. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/cftc-action/4816-03.

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