U.S. Commodity Futures Trading Commission Files Anti-Fraud Action Against New York Hedge Fund Cornerstone Capital Management, LLC and its Operator, Atlanta Resident Joseph T. Profit II Fraud

CFTC release 5288-07 · 2007-02-07 · view on cftc.gov ↗

Key facts

Release number: 5288-07
Release date: 2007-02-07
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5288-07

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.