U.S. Commodity Futures Trading Commission Settles Foreign Currency (Forex) Fraud Action against Defendant Hao Jan Lu; Total Orders by the Court Exceed $13 Million Fraud

CFTC release 5398-07 · 2007-10-12 · view on cftc.gov ↗

Key facts

Release number: 5398-07
Release date: 2007-10-12
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5398-07

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.