Florida Federal Court Issues Preliminary Injunctions in CFTC Anti-Fraud Action against Florida Commodity Pool Operator Phoenix Diversified Investment Corporation, Inc., and its Principal Michael A. Meisner Fraud

CFTC release 5576-08 · 2008-12-04 · view on cftc.gov ↗

Key facts

Release number: 5576-08
Release date: 2008-12-04
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5576-08

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.