OFFICE MANAGER OF LOS ANGELES FOREIGN CURRENCY FIRM AGREES TO COOPERATE WITH GOVERNMENT AND SETTLES CHARGES OF SELLING ILLEGAL OFF-EXCHANGE FOREIGN CURRENCY FUTURES CONTRACTS Settlement

CFTC release 4991-04 · 2004-09-17 · view on cftc.gov ↗

Key facts

Release number: 4991-04
Release date: 2004-09-17
Type: Settlement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4991-04

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.