Federal Court Enters Order Settling CFTC $85 Million Forex Fraud Action against California Resident Peter Son and his Companies SNC Asset Management, Inc. and SNC Investments, Inc. Fraud

CFTC release 6245-12 · 2012-04-27 · view on cftc.gov ↗

Key facts

Release number: 6245-12
Release date: 2012-04-27
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6245-12

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.