CFTC CHARGES PANAMANIAN CORPORATION WITH SALE OF ILLEGAL OFF-EXCHANGE FOREIGN CURRENCY FUTURES CONTRACTS TO CUSTOMERS; CFTC Alleges that Axess Trade Co., Inc. Illegally Solicits Customers Through the Internet to Trade Foreign Currency Futures Contracts Other enforcement

CFTC release 4938-04 · 2004-06-14 · view on cftc.gov ↗

Key facts

Release number: 4938-04
Release date: 2004-06-14
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4938-04

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.