CFTC BRINGS FRAUD CHARGES AGAINST SOUTH AFRICAN RESIDENT JAMES DE WET WHO OPERATES COMPANY TEAM FOREX INTERNATIONAL AND WEBSITE; CFTC Alleges That de Wet, Doing Business As Team Forex International, Misrepresented His Trading Track Record Fraud

CFTC release 5126-05 · 2005-10-05 · view on cftc.gov ↗

Key facts

Release number: 5126-05
Release date: 2005-10-05
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5126-05

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.