CFTC Sanctions Two NYMEX Brokers for Fraudulent Trade Practice Schemes in Joint Investigation with the NY County District Attorney’s Office Fraud

CFTC release 5480-08 · 2008-04-09 · view on cftc.gov ↗

Key facts

Release number
5480-08
Release date
2008-04-09
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5480-08

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.