CALIFORNIA FOREIGN CURRENCY (FOREX) FIRM SUED FOR DEFRAUDING INVESTORS OUT OF APPROXIMATELY $2 MILLION IN COMMODITY SCAM; CFTC Charges FX First, Inc., Alexey Mironov, and William Whyte With Commodity Scam In Foreign Currency Futures; Federal District Court Judge Orders Defendants' Assets Frozen and Issues Preliminary Injunction Other enforcement

CFTC release 4868-03 · 2003-11-20 · view on cftc.gov ↗

Key facts

Release number: 4868-03
Release date: 2003-11-20
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4868-03

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.