# 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.

> CFTC release 6245-12 · 2012-04-27 · **Fraud** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 6245-12, "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.", 2012-04-27. Retrieved via AI Analytics 2026-07-07 from https://api.ai-analytics.org/cftc-action/6245-12.

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