Federal Court Orders Canadian Trio to Pay More than Equivalent $2.2 Million in Restitution, Disgorgement and Penalties in CFTC Commodity Pool Anti-Fraud Action Fraud

Key facts

Release number

5747-09

Release date

2009-11-10

Type

Fraud

Primary source

https://www.cftc.gov/PressRoom/PressReleases/5747-09

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.