CFTC BRINGS FRAUD ACTION AGAINST TENNESSEE FOREIGN CURRENCY (FOREX) FIRM AND CERTAIN EMPLOYEES; FxTrade Financial, LLC, Jeffrey A. Mischler, Lee N. Romano II, and Mary Jo Sibbitt Are Charged with Fraud when Soliciting Customers Fraud

CFTC release 4904-04 · 2004-03-23 · view on cftc.gov ↗

Key facts

Release number: 4904-04
Release date: 2004-03-23
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4904-04

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.