U.S. COMMODITY FUTURES TRADING COMMISSION CHARGES IOWA MAN WITH FRAUD; CFTC Alleges that Victor Lochmann Misappropriated Customer Funds and Engaged in Unauthorized Trading Fraud

CFTC release 5098-05 · 2005-07-19 · view on cftc.gov ↗

Key facts

Release number: 5098-05
Release date: 2005-07-19
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5098-05

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.