New York Federal Court Judgment Concludes Multi-Million Dollar Foreign Currency (Forex) Fraud Action Brought by the U.S. Commodity Futures Trading Commission Fraud

CFTC release 5316-07 · 2007-04-13 · view on cftc.gov ↗

Key facts

Release number: 5316-07
Release date: 2007-04-13
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5316-07

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.