# 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

> CFTC release 5408-07 · 2007-11-08 · **Fraud** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5408-07, "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", 2007-11-08. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/5408-07.

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