CFTC AND STATE OF NEW HAMPSHIRE BRING SALES FRAUD CLAIMS AGAINST FLORIDA TRADING FIRM CROMWELL FINANCIAL SERVICES, INC. AND OTHERS; Complaint by U.S. Commodity Futures Trading Commission and the New Hampshire Secretary of State, Bureau of Securities Regulation, Charges Cromwell Financial Services, Inc. and Certain Employees with Defrauding Customers and Failure to Supervise Fraud

CFTC release 5083-05 · 2005-06-16 · view on cftc.gov ↗

Key facts

Release number: 5083-05
Release date: 2005-06-16
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5083-05

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.