New York Federal Court Orders Brokerage Firm, Clearing Firm, and Principals in CFTC Anti-Fraud Action to Pay More Than $2 Million in Restitution and Civil Penalties Fraud

CFTC release 5397-07 · 2007-10-04 · view on cftc.gov ↗

Key facts

Release number: 5397-07
Release date: 2007-10-04
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5397-07

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.