# 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

> CFTC release 4962-04 · 2004-07-21 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 4962-04, "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", 2004-07-21. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/4962-04.

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