Federal Court Imposes $260,000 in Civil Penalties against Austin, Texas Resident Steven Leigh Shakespeare and His Company, Guardian Futures, Inc., Both Charged with Fraud and Unauthorized Trading Fraud

CFTC release 5799-10 · 2010-03-25 · view on cftc.gov ↗

Key facts

Release number: 5799-10
Release date: 2010-03-25
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5799-10

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.