JAPANESE FIRM CHARGED WITH PARTICIPATING IN FOREIGN CURRENCY SCAM THAT DEFRAUDED MORE THAN 300 CUSTOMERS OF OVER $5 MILLION; U.S. Commodity Futures Trading Commission Also Names Four Relief Defendants Who Received Ill-Gotten Gains Other enforcement

CFTC release 4929-04 · 2004-05-21 · view on cftc.gov ↗

Key facts

Release number: 4929-04
Release date: 2004-05-21
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4929-04

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.