Federal Court Imposes More than $57 Million in Sanctions against Two Mexican Companies, MXBK Group S.A. de C.V. and MBFX S.A., for Defrauding their U.S. Foreign Currency (Forex) Customers Other enforcement

CFTC release 6537-13 · 2013-03-20 · view on cftc.gov ↗

Key facts

Release number: 6537-13
Release date: 2013-03-20
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6537-13

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.