CFTC Orders LMC Asset Management, Inc. to Pay $140,000 Civil Penalty for Forex Registration Violations Registration / supervisory violation

CFTC release 6308-12 · 2012-07-19 · view on cftc.gov ↗

Key facts

Release number: 6308-12
Release date: 2012-07-19
Type: Registration / supervisory violation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6308-12

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.