CFTC NOTES THE ARRESTS OF SEVERAL INDIVIDUALS BY THE STATE OF FLORIDA IN AN ALLEGED FOREX INVESTMENT FRAUD; CFTC Filed a Federal Civil Case in 2002 Based On Same Underlying Facts Fraud

CFTC release 4928-04 · 2004-05-17 · view on cftc.gov ↗

Key facts

Release number: 4928-04
Release date: 2004-05-17
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4928-04

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.