CFTC SETTLES FOREIGN CURRENCY (FOREX) FUTURES FRAUD ACTION; Kissimmee, Florida Resident Stanley Craig Wakefield Agrees to Repay Customers and Pay a Civil Monetary Penalty Fraud

CFTC release 5010-04 · 2004-10-18 · view on cftc.gov ↗

Key facts

Release number: 5010-04
Release date: 2004-10-18
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5010-04

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.