CALIFORNIA FEDERAL COURT ORDERS CITY TRUST AND INVESTMENT CO. LTD. OF TOKYO, JAPAN, TO PAY MORE THAN $11 MILLION IN FOREIGN CURRENCY SCAM; Federal Court Orders Defendant to Pay Civil Penalty and Repay Defrauded Customers Other enforcement

CFTC release 5072-05 · 2005-04-27 · view on cftc.gov ↗

Key facts

Release number: 5072-05
Release date: 2005-04-27
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5072-05

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.