CFTC Charges Virginia Resident Ronald W. Smith, Jr., Doing Business as Safeguard 3030 Investment Club, in Forex Fraud Scheme Fraud

CFTC release 5784-10 · 2010-02-27 · view on cftc.gov ↗

Key facts

Release number
5784-10
Release date
2010-02-27
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5784-10

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.