Georgia Court Imposes Fines and Other Sanctions Against Atlanta-Based Saxon Financial Services Inc., Charged by the CFTC with Commodity Option Fraud Fraud

CFTC release 5705-09 · 2009-08-27 · view on cftc.gov ↗

Key facts

Release number
5705-09
Release date
2009-08-27
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5705-09

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.