# CFTC Settles Foreign Currency (Forex) Fraud Action Resulting in Over $2.5 Million in Civil Penalties

> CFTC release 5227-06 · 2006-09-15 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5227-06
- **Release date:** 2006-09-15
- **Type:** Fraud
- **Title:** CFTC Settles Foreign Currency (Forex) Fraud Action Resulting in Over $2.5 Million in Civil Penalties
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5227-06

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5227-06, "CFTC Settles Foreign Currency (Forex) Fraud Action Resulting in Over $2.5 Million in Civil Penalties", 2006-09-15. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/cftc-action/5227-06.

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