CFTC Obtains Default Judgment against The Trade Tech Institute, Inc., Technology Trading International, Inc., and Robert Sorchini for Fraudulent Solicitation of Managed Commodity Trading Accounts and Obtains Consent Judgment against Richard Carter as Cont Fraud

CFTC release 6290-12 · 2012-06-29 · view on cftc.gov ↗

Key facts

Release number: 6290-12
Release date: 2012-06-29
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6290-12

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.