Joseph Clark Lavin and His Companies Ordered to Pay More than $23 Million in Restitution and Civil Monetary Penalties in Retail Foreign Currency Options Case Other enforcement

Key facts

Release number

5548-08

Release date

2008-09-19

Type

Other enforcement

Primary source

https://www.cftc.gov/PressRoom/PressReleases/5548-08

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.