CFTC CHARGES FLORIDA COMPANY WORLDWIDE COMMODITY CORPORATION AND FOUR INDIVIDUALS WITH DEFRAUDING CUSTOMERS; Firm And Certain Traders Allegedly Made False Claims That Accounts Would Make Large Profits With Little Risk Due To Seasonal Events Other enforcement

CFTC release 4971-04 · 2004-08-13 · view on cftc.gov ↗

Key facts

Release number: 4971-04
Release date: 2004-08-13
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4971-04

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.