Washington State Commodity Advisory Firm Trade Risk Management and Firm President James Maggio Charged With Fraud Fraud

CFTC release 5142-05 · 2005-12-07 · view on cftc.gov ↗

Key facts

Release number
5142-05
Release date
2005-12-07
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5142-05

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.