# 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

> CFTC release 6290-12 · 2012-06-29 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 6290-12, "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", 2012-06-29. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/cftc-action/6290-12.

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