CFTC CHARGES FLORIDA FOREIGN CURRENCY (FOREX) FIRM AND OFFICERS WITH DEFRAUDING INVESTORS; CFTC Alleges that Defendants Bibas Levy Corp., Zacarias Bibas, and Hassan Sharam Made False Profit Claims, Misrepresented Their Performance Record and Minimized Risks of Foreign Currency Futures Trading Other enforcement

CFTC release 4858-03 · 2003-10-23 · view on cftc.gov ↗

Key facts

Release number: 4858-03
Release date: 2003-10-23
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4858-03

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.