U.S. District Court Orders Two New York Residents and a New York Firm to Pay More Than $11 Million for Their Roles in Defrauding Investors in Foreign Currency Schemes Other enforcement

CFTC release 5490-08 · 2008-04-23 · view on cftc.gov ↗

Key facts

Release number: 5490-08
Release date: 2008-04-23
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5490-08

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.