CFTC Orders Brooklyn-Based Commodity Pool Operator and its Principal to Pay $1,350,000 in Restitution and Civil Monetary Penalties for Fraud, Misappropriation, and Furnishing False Documents to the National Futures Association Fraud

CFTC release 5589-08 · 2008-12-20 · view on cftc.gov ↗

Key facts

Release number: 5589-08
Release date: 2008-12-20
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5589-08

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.