Federal Court Orders Moroccan National and Former Citigroup Trader Otmane El Rhazi to Pay Over $1.49 Million for Unlawful Trading and Misappropriation from a Citibank, N.A. Proprietary Account Other enforcement

CFTC release 6089-11 · 2011-08-09 · view on cftc.gov ↗

Key facts

Release number: 6089-11
Release date: 2011-08-09
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6089-11

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.