CFTC REVOKES REGISTRATION OF ILLINOIS FLOOR BROKER STUART MICHAEL HELFFRICH; CFTC Action Based in Part on Fraud Findings by Chicago Board of Trade Fraud

Key facts

Release number

4985-04

Release date

2004-09-03

Type

Fraud

Primary source

https://www.cftc.gov/PressRoom/PressReleases/4985-04

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.