# 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

> CFTC release 4938-04 · 2004-06-14 · **Other enforcement** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 4938-04, "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", 2004-06-14. Retrieved via AI Analytics 2026-07-10 from https://api.ai-analytics.org/cftc-action/4938-04.

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