CFTC CHARGES ILLINOIS-BASED COMMODITY TRADING ADVISOR AND ITS PRINCIPALS WITH MISREPRESENTING PROFITS AND RISKS; The Options Advisor L.L.C. and Principals Mark Melin and David Farrra Charged Other enforcement

CFTC release 5006-04 · 2004-10-12 · view on cftc.gov ↗

Key facts

Release number: 5006-04
Release date: 2004-10-12
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5006-04

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.