Federal Court Orders James de Wet, a South African Resident, to Pay Over $1 Million for Violating the Commodity Exchange Act Other enforcement

CFTC release 5218-06 · 2006-08-17 · view on cftc.gov ↗

Key facts

Release number
5218-06
Release date
2006-08-17
Type
Other enforcement
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5218-06

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.