CFTC Files Anti-Fraud Action against California Companies 20/20 Trading Company, Inc. and 20/20 Precious Metals, Inc. and their Employees, Bharat Adatia, Sharief McDowell and Todd Krejci Fraud

CFTC release 6029-11 · 2011-04-29 · view on cftc.gov ↗

Key facts

Release number: 6029-11
Release date: 2011-04-29
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6029-11

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.