CFTC CHARGES OXNARD, CALIFORNIA RESIDENT BRETT E. LOVETT WITH DEFRAUDING COMMODITY FUTURES CUSTOMERS; CFTC Alleges Lovett Cheated Fellow Church Member; Federal Court Issues Order Freezing Defendant's Assets Other enforcement

CFTC release 5101-05 · 2005-07-25 · view on cftc.gov ↗

Key facts

Release number: 5101-05
Release date: 2005-07-25
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5101-05

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.