# 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

> CFTC release 4997-04 · 2004-09-28 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 4997-04, "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", 2004-09-28. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/4997-04.

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