U.S. COMMODITY FUTURES TRADING COMMISSION CHARGES TRADING SYSTEM DEVELOPER AND PROMOTER AND THEIR PRINCIPALS WITH COMMODITY FRAUD; TradeWins Publishing Corporation and Its President, Stephen A. Schmidt, Allegedly Solicited Customers to Purchase a Trading System Using False Claims; System Developer and His Company Also Charged Fraud

CFTC release 4962-04 · 2004-07-21 · view on cftc.gov ↗

Key facts

Release number: 4962-04
Release date: 2004-07-21
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4962-04

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.