CFTC FINDS THAT FLORIDA FIRM FIRST INVESTORS GROUP OF THE PALM BEACHES, INC. AND ITS EMPLOYEES COMMITTED FRAUD IN SOLICITING CUSTOMERS; Respondents William Scott Cordo and Mitchell Stephen Davis Ordered to pay $600,000 in Civil Penalties Fraud

CFTC release 4932-04 · 2004-05-27 · view on cftc.gov ↗

Key facts

Release number: 4932-04
Release date: 2004-05-27
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4932-04

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.