# New York Federal Court Orders Brokerage Firm, Clearing Firms, and Principals in CFTC Anti-Fraud Action to Pay More Than $21,000,000 in Restitution and Civil Penalties

> CFTC release 5308-07 · 2007-03-23 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5308-07
- **Release date:** 2007-03-23
- **Type:** Fraud
- **Title:** New York Federal Court Orders Brokerage Firm, Clearing Firms, and Principals in CFTC Anti-Fraud Action to Pay More Than $21,000,000 in Restitution and Civil Penalties
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5308-07

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5308-07, "New York Federal Court Orders Brokerage Firm, Clearing Firms, and Principals in CFTC Anti-Fraud Action to Pay More Than $21,000,000 in Restitution and Civil Penalties", 2007-03-23. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/cftc-action/5308-07.

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