NEW YORK HEDGE FUND CHARGED WITH MISAPPROPRIATING MORE THAN $1.1 MILLION IN COMMODITY SCAM; CFTC Sues Remco Capital Management, Inc., Nutone Asset Management, Ltd., and Andrei Maruha, Alleging They Defrauded at Least 31 Investors Other enforcement

CFTC release 5021-04 · 2004-11-17 · view on cftc.gov ↗

Key facts

Release number: 5021-04
Release date: 2004-11-17
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5021-04

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.