# Florida-Based E-Metal Merchants, Inc. and Two Officers Ordered to Pay More Than $10 Million in Restitution and Penalties in Illegal Off-Exchange Metal Options Case

> CFTC release 5485-08 · 2008-04-15 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 5485-08
- **Release date:** 2008-04-15
- **Type:** Other enforcement
- **Title:** Florida-Based E-Metal Merchants, Inc. and Two Officers Ordered to Pay More Than $10 Million in Restitution and Penalties in Illegal Off-Exchange Metal Options Case
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5485-08

## 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 5485-08, "Florida-Based E-Metal Merchants, Inc. and Two Officers Ordered to Pay More Than $10 Million in Restitution and Penalties in Illegal Off-Exchange Metal Options Case", 2008-04-15. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/5485-08.

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