Florida Federal Court Imposes Sanctions of More Than $20 Million Against a South Florida Firm Cromwell Financial Services, Inc., and Five Area Residents in a Commodity Options Fraud and Failure to Supervise Case Fraud

CFTC release 5408-07 · 2007-11-08 · view on cftc.gov ↗

Key facts

Release number: 5408-07
Release date: 2007-11-08
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5408-07

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.