NEW YORK FOREIGN CURRENCY (FOREX) FIRM CHARGED WITH STEALING MORE THAN $2.2 MILLION IN COMMODITY SCAM; CFTC Sues Lexington Royce & Associates and Artour Arakelian, Alleging They Defrauded More Than 50 Customers Other enforcement

CFTC release 4916-04 · 2004-04-15 · view on cftc.gov ↗

Key facts

Release number: 4916-04
Release date: 2004-04-15
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4916-04

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.