CLEVELAND COMMODITIES FIRM, ITS PRESIDENT AND TWO FORMER EMPLOYEES CHARGED WITH FRAUD; Carnegie Trading Group Ltd., Inc. Allegedly Used Fraudulent Statements to Solicit Customers to Trade Commodity Futures and Options Fraud

CFTC release 4966-04 · 2004-08-09 · view on cftc.gov ↗

Key facts

Release number: 4966-04
Release date: 2004-08-09
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4966-04

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.