U.S. District Court Orders Five Defendants in CFTC Action to Pay More than $4 million in Civil Penalties for Engaging in Illegal Foreign Currency Options Scheme Other enforcement
Key facts
- Release number
- 5700-09
- Release date
- 2009-08-22
- Type
- Other enforcement
- Primary source
- https://www.cftc.gov/PressRoom/PressReleases/5700-09
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.