CFTC Settles Charges against Dubai-Based Supama International DMCC for Engaging in Illegal Trades that Resulted in an Illegal Pass of Money among Accounts Settlement

CFTC release 5441-08 · 2008-01-23 · view on cftc.gov ↗

Key facts

Release number: 5441-08
Release date: 2008-01-23
Type: Settlement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5441-08

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.