CFTC JOINS OTHER MEMBERS OF THE PRESIDENT'S CORPORATE FRAUD TASK FORCE IN UNDERCOVER "OPERATION WOODEN NICKEL" TO PROSECUTE INDIVIDUALS AND COMPANIES ALLEGEDLY STEALING MILLIONS OF DOLLARS THROUGH SALES OF ILLEGAL FOREIGN CURRENCY (FOREX) FUTURES CONTRACTS; CFTC Charges 31 Individuals and Entities With Fraud, Selling Illegal Futures Contracts, and Filing False Reports, Fraud

CFTC release 4867-03 · 2003-11-19 · view on cftc.gov ↗

Key facts

Release number: 4867-03
Release date: 2003-11-19
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4867-03

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.