CFTC SETTLES FRAUD CHARGES WITH NEVADA MARKETING FIRM, PROFIT PARTNERS INC.; Firm Barred From Fraudulently Soliciting Customers to Purchase Commodity Futures and Options Trading Systems Fraud

CFTC release 5070-05 · 2005-04-21 · view on cftc.gov ↗

Key facts

Release number: 5070-05
Release date: 2005-04-21
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5070-05

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.