CFTC Charges Susan G. Davis, David E. Howard II, Joseph Burgos, and their Companies with Fraud in Off-Exchange Foreign Currency Scheme Fraud

CFTC release 6083-11 · 2011-07-29 · view on cftc.gov ↗

Key facts

Release number
6083-11
Release date
2011-07-29
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/6083-11

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.