# 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

> CFTC release 5548-08 · 2008-09-19 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 5548-08
- **Release date:** 2008-09-19
- **Type:** Other enforcement
- **Title:** 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
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5548-08

## 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 5548-08, "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", 2008-09-19. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/cftc-action/5548-08.

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