CFTC Charges CIS Commodities LLC and Allen N. Ward with Misappropriation of Customer Funds and also Charges CIS, Ward, Trans Global Investments, LLC and Charles Leroy Timberlake with Misrepresentation and Issuing False Statements Other enforcement

CFTC release 6068-11 · 2011-07-09 · view on cftc.gov ↗

Key facts

Release number: 6068-11
Release date: 2011-07-09
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6068-11

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.