CFTC Charges Wisconsin Resident Eric N. Schmickle and His Company, Q Wealth Management Inc., with Operating a $5.3 Million Commodity Futures Fraud Fraud

CFTC release 6362-12 · 2012-09-26 · view on cftc.gov ↗

Key facts

Release number
6362-12
Release date
2012-09-26
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/6362-12

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.