New York Firm Sanctioned for Defrauding Investors in Excess of $4.4 Million Dollars in a Foreign Currency (Forex) Scam Other enforcement

CFTC release 5271-07 · 2007-01-05 · view on cftc.gov ↗

Key facts

Release number
5271-07
Release date
2007-01-05
Type
Other enforcement
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5271-07

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.