CFTC FINDS THAT FORMER COMMODITIES ACCOUNT EXECUTIVE, KEVIN MARSHBURN OF TAMPA, FLORIDA, ENGAGED IN FRAUDULENT ALLOCATION SCHEME; CFTC Order Imposes Civil Monetary Penalty of $159,000 and a 10-year Trading Ban Fraud

CFTC release 4865-03 · 2003-11-18 · view on cftc.gov ↗

Key facts

Release number: 4865-03
Release date: 2003-11-18
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4865-03

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.