Florida Federal Court Enters Judgment against Foreign Currency (Forex) Firm and Controlling Person in a Fraud Action Brought by the CFTC Fraud

CFTC release 5256-06 · 2006-11-09 · view on cftc.gov ↗

Key facts

Release number
5256-06
Release date
2006-11-09
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5256-06

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.