California Federal Court Imposes More than $46.9 Million in Monetary Sanctions on Robert D. Bame and his Firm, Forward Investment Group, LLC, for Commodity Pool Fraud Fraud

CFTC release 5994-11 · 2011-03-04 · view on cftc.gov ↗

Key facts

Release number: 5994-11
Release date: 2011-03-04
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5994-11

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.