# 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

> CFTC release 4976-04 · 2004-08-17 · **Consent order** · ENFORCEMENT

## Key facts

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

## 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 4976-04, "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", 2004-08-17. Retrieved via AI Analytics 2026-07-18 from https://api.ai-analytics.org/cftc-action/4976-04.

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