# 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

> CFTC release 4904-04 · 2004-03-23 · **Fraud** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 4904-04, "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", 2004-03-23. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/4904-04.

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