CFTC Settles Introducing Broker Fraudulent Solicitation Lawsuit with Florida-Based FCM Guarantors National Commodities Corporation, Inc., and International Commodity Clearing LLC Fraud

CFTC release 5460-08 · 2008-02-22 · view on cftc.gov ↗

Key facts

Release number: 5460-08
Release date: 2008-02-22
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5460-08

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.