CFTC FINDS LAS VEGAS MAN USED WEBSITE TO MISLEAD PUBLIC ABOUT PROFITABILITY OF HIS COMMODITY TRADING SYSTEM; Steven Matrix Settles Charges He Made False Claims About His <em>CounterPoint Method</em> Trading System Settlement

CFTC release 4849-03 · 2003-10-07 · view on cftc.gov ↗

Key facts

Release number: 4849-03
Release date: 2003-10-07
Type: Settlement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4849-03

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.