Chicago-Based Floor Broker Craig Taffel Pays $180,000 Civil Monetary Penalty to Settle Charges that He Acted as an Unregistered Futures Commission Merchant Settlement

CFTC release 6099-11 · 2011-08-26 · view on cftc.gov ↗

Key facts

Release number: 6099-11
Release date: 2011-08-26
Type: Settlement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6099-11

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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.