# 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

> CFTC release 6005-11 · 2011-03-22 · **Fraud** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 6005-11, "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", 2011-03-22. Retrieved via AI Analytics 2026-06-27 from https://api.ai-analytics.org/cftc-action/6005-11.

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