Federal Court Orders Oregon-based System Capital, LLC and its President Joshua Wallace to Pay $840,000 for Solicitation Fraud and Making False Statements to the National Futures Association Fraud

CFTC release 6539-13 · 2013-03-21 · view on cftc.gov ↗

Key facts

Release number: 6539-13
Release date: 2013-03-21
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6539-13

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.