# FEDERAL COURT FREEZES ASSETS OF FLORIDA ILLEGAL OFF-EXCHANGE METALS OPTIONS FIRM AND TWO CORPORATE OFFICERS; CFTC Charges E-Metal Merchants, Inc., Benji Dayan, And Andrew Stern With Illegal Metals Options Trading

> CFTC release 5089-05 · 2005-06-23 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 5089-05
- **Release date:** 2005-06-23
- **Type:** Other enforcement
- **Title:** FEDERAL COURT FREEZES ASSETS OF FLORIDA ILLEGAL OFF-EXCHANGE METALS OPTIONS FIRM AND TWO CORPORATE OFFICERS; CFTC Charges E-Metal Merchants, Inc., Benji Dayan, And Andrew Stern With Illegal Metals Options Trading
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5089-05

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5089-05, "FEDERAL COURT FREEZES ASSETS OF FLORIDA ILLEGAL OFF-EXCHANGE METALS OPTIONS FIRM AND TWO CORPORATE OFFICERS; CFTC Charges E-Metal Merchants, Inc., Benji Dayan, And Andrew Stern With Illegal Metals Options Trading", 2005-06-23. Retrieved via AI Analytics 2026-07-15 from https://api.ai-analytics.org/cftc-action/5089-05.

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