U.S. Commodity Futures Trading Commission Files Fraud Action against Florida Foreign Currency Firm, Its Owner, and Futures Commission Merchant Fraud

CFTC release 5319-07 · 2007-04-20 · view on cftc.gov ↗

Key facts

Release number
5319-07
Release date
2007-04-20
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5319-07

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.