New Jersey Federal Court Orders More Than $8 Million in Sanctions Against Robert W. Shimer, Vincent J. Firth, and Equity Financial Group LLC in CFTC Anti-Fraud Action Fraud

CFTC release 5447-08 · 2008-02-08 · view on cftc.gov ↗

Key facts

Release number: 5447-08
Release date: 2008-02-08
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5447-08

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.