Virginia-Based Financial Investments, Inc. Ordered to Pay $130,000 Fine to Settle CFTC Charges of Repeatedly Failing to File Commodity Pool Annual Reports on Time Commodity pool fraud

CFTC release 5867-10 · 2010-08-06 · view on cftc.gov ↗

Key facts

Release number: 5867-10
Release date: 2010-08-06
Type: Commodity pool fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5867-10

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.