FEDERAL COURT ENTERS INTERIM ORDER BARRING LOS ANGELES-BASED FIRM, PROFIT PARTNERS, INC., FROM DEFRAUDING CUSTOMERS IN SELLING COMMODITY FUTUERS AND OPTIONS TRADING SYSTEMS; CFTC Complaint Charges Profit Partners with Fraud Fraud

CFTC release 4898-04 · 2004-03-11 · view on cftc.gov ↗

Key facts

Release number: 4898-04
Release date: 2004-03-11
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4898-04

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.