CFTC CHARGES FLORIDA FOREIGN CURRENCY (FOREX) OPTIONS FIRM WITH DEFRAUDING CUSTOMERS; Gibraltar Monetary Corporation, Inc. and Employees Jayson Kline, Charles Fremer, Thomas Clancy, and Edward Johnson Allegedly Lied When Pitching Foreign Currency Options to Customers; Forex Capital Markets, LLC Also Charged Other enforcement

CFTC release 4892-04 · 2004-02-11 · view on cftc.gov ↗

Key facts

Release number: 4892-04
Release date: 2004-02-11
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4892-04

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.