U.S. DISTRICT COURT FREEZES ASSETS OF SOUTH FLORIDA FOREIGN CURRENCY FIRM MADISON FOREX INTERNATIONAL BASED ON FRAUD ALLEGATIONS BY U.S. COMMODITY FUTURES TRADING COMMISSION Fraud

CFTC release 5134-05 · 2005-10-20 · view on cftc.gov ↗

Key facts

Release number: 5134-05
Release date: 2005-10-20
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5134-05

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.