Illinois Federal Court Requires Canadian Commodity Pool Operator Kevin J. Steele To Pay Over $7 Million In Restitution To Defrauded Investors In CFTC Enforcement Action Commodity pool fraud

CFTC release 5139-05 · 2005-11-28 · view on cftc.gov ↗

Key facts

Release number: 5139-05
Release date: 2005-11-28
Type: Commodity pool fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5139-05

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.