FLORIDA BUSINESSES AND EMPLOYEES CHARGED WITH FRAUD; CFTC Alleges that Next Financial Services Unlimited, Inc., New World Trading, LLC, and Employees Aaron Ettinger and Robert LaRocca Fraudulently Solicited Customers to Trade Illegal, Off-Exchange Foreign Currency Option Contracts; Federal Court Enters Order Freezing Defendants' Assets Fraud

CFTC release 4945-04 · 2004-06-29 · view on cftc.gov ↗

Key facts

Release number: 4945-04
Release date: 2004-06-29
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4945-04

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.