CFTC Charges CTI Group, LLC, Cooper Trading, Stephen Craig Symons, and James David Kline, all of California, with an $11 Million Fraud in the Sale of Automated Trading Systems Fraud

CFTC release 6266-12 · 2012-05-26 · view on cftc.gov ↗

Key facts

Release number: 6266-12
Release date: 2012-05-26
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6266-12

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.