Federal Court in New York Orders Defendants Forex Capital Trading Group, Forex Capital Trading Partners, and Highland Stone Capital Management to Pay over $1.8 Million for Fraud in Off-Exchange Foreign Currency Scheme Fraud

CFTC release 6444-12 · 2012-12-06 · view on cftc.gov ↗

Key facts

Release number: 6444-12
Release date: 2012-12-06
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6444-12

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.