New York Resident Michael Kourmolis Permanently Banned From Futures Industry For Fraudulent Solicitation In CFTC Anti-Fraud Action Fraud

CFTC release 5749-09 · 2009-11-13 · view on cftc.gov ↗

Key facts

Release number
5749-09
Release date
2009-11-13
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5749-09

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.