FEDERAL COURT ENJOINS VISALIA, CALIFORNIA COMMODITIES TRADER AND HIS COMPANY FROM VIOLATING THE COMMODITY EXCHANGE ACT; Consent Order of Permanent Injunction Entered Against Donald Steven Smith and His Company, Fibit.com Consent order

CFTC release 4976-04 · 2004-08-17 · view on cftc.gov ↗

Key facts

Release number: 4976-04
Release date: 2004-08-17
Type: Consent order
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4976-04

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.