CFTC CHARGES CALIFORNIA MAN AND HIS COMPANY WITH DEFRAUDING CUSTOMERS; James J. Zhou and Jade Trader Allegedly Fraudulently Solicited Customers to Trade Commodity Futures Contracts Fraud

CFTC release 5008-04 · 2004-10-13 · view on cftc.gov ↗

Key facts

Release number: 5008-04
Release date: 2004-10-13
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5008-04

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.