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

> CFTC release 5784-10 · 2010-02-27 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5784-10
- **Release date:** 2010-02-27
- **Type:** Fraud
- **Title:** CFTC Charges Virginia Resident Ronald W. Smith, Jr., Doing Business as Safeguard 3030 Investment Club, in Forex Fraud Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5784-10

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5784-10, "CFTC Charges Virginia Resident Ronald W. Smith, Jr., Doing Business as Safeguard 3030 Investment Club, in Forex Fraud Scheme", 2010-02-27. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/5784-10.

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