SOUTH FLORIDA FOREIGN EXCHANGE TRADING FIRMS CHARGED WITH DEFRAUDING CUSTOMERS, COURT FREEZES DEFENDANTS' ASSETS; Worldwide Forex, Inc., Global Atlantic Management, Inc., and A Principal Allegedly Told Customers that the Possibility of War with Iraq Would Result in Significant Profits Other enforcement

CFTC release 4944-04 · 2004-06-29 · view on cftc.gov ↗

Key facts

Release number: 4944-04
Release date: 2004-06-29
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4944-04

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.