CFTC and State of California Charge The Trade Tech Institute, Inc., Technology Trading International, Inc., Robert Sorchini and Richard Carter with Fraudulently Soliciting More than 600 Managed Commodity Trading Accounts Fraud

CFTC release 6005-11 · 2011-03-22 · view on cftc.gov ↗

Key facts

Release number: 6005-11
Release date: 2011-03-22
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6005-11

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.