# 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

> CFTC release 5421-07 · 2007-12-13 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 5421-07, "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", 2007-12-13. Retrieved via AI Analytics 2026-07-10 from https://api.ai-analytics.org/cftc-action/5421-07.

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