U.S. Commodity Futures Trading Commission Settles Fraud Action Against Maryland Resident Arthur John Keeffe, II and His Foreign Currency (Forex) Trading Company, Calvary Currencies LLC Fraud

CFTC release 5303-07 · 2007-03-16 · view on cftc.gov ↗

Key facts

Release number: 5303-07
Release date: 2007-03-16
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5303-07

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.