Northern California District Court Orders Defendants in a San Francisco Foreign Currency (Forex) Fraud Action to Pay Over $2 Million in Restitution and Civil Penalties Fraud

CFTC release 5229-06 · 2006-09-19 · view on cftc.gov ↗

Key facts

Release number: 5229-06
Release date: 2006-09-19
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5229-06

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.