California Court Imposes Fines and Other Sanctions Totaling More than $25 Million against Safevest LLC of Mission Viejo, California and its Owners, Jon G. Ervin and John V. Slye Other enforcement

CFTC release 5688-09 · 2009-08-07 · view on cftc.gov ↗

Key facts

Release number: 5688-09
Release date: 2009-08-07
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5688-09

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.