CFTC CHARGES FLORIDA BUSINESSES AND EMPLOYEES WITH FRAUD; CFTC Alleges that Wilshire Investment Management Corporation, Owner Andrew Alan Wilshire, Employees Eric Scott Malcolmson and James Joseph Russo, and Guarantor National Commodities Corporation, Inc. Fraudulently Solicited Customers to Trade Option Contracts Fraud

CFTC release 4997-04 · 2004-09-28 · view on cftc.gov ↗

Key facts

Release number: 4997-04
Release date: 2004-09-28
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4997-04

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.