CFTC Charges Oregon-based System Capital, LLC and Joshua Wallace with Solicitation Fraud and Making False Statements to the National Futures Association Fraud

Key facts

Release number

5940-10

Release date

2010-11-25

Type

Fraud

Primary source

https://www.cftc.gov/PressRoom/PressReleases/5940-10

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.