CFTC Orders Futures Commission Merchant Open E Cry, LLC to Pay $250,000 to Settle Failure to Supervise Charges Settlement

CFTC release 6276-12 · 2012-06-08 · view on cftc.gov ↗

Key facts

Release number
6276-12
Release date
2012-06-08
Type
Settlement
Primary source
https://www.cftc.gov/PressRoom/PressReleases/6276-12

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.