Federal Court in Georgia Imposes More than $6.75 Million in Fines and Other Sanctions in CFTC Action Charging Commodity Options Fraud Fraud

CFTC release 5762-09 · 2009-12-17 · view on cftc.gov ↗

Key facts

Release number
5762-09
Release date
2009-12-17
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5762-09

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.