Tennessee Court Finds Fraud and Imposes More Than $9.9 Million in Sanctions against Tennessee Forex Firm FxTrade Financial and its Principals and Salespersons in CFTC Action Fraud

CFTC release 5421-07 · 2007-12-13 · view on cftc.gov ↗

Key facts

Release number: 5421-07
Release date: 2007-12-13
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5421-07

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.