Federal Court in New York Orders Chicago Resident and Former Floor Broker, Kent R.E. Whitney, to Pay $600,000 for Margin Call Avoidance Scheme Other enforcement

CFTC release 6261-12 · 2012-05-24 · view on cftc.gov ↗

Key facts

Release number: 6261-12
Release date: 2012-05-24
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6261-12

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.