CFTC Orders Florida-based Forex Global Solutions Inc., Forex Global Solutions Ltd., Barry Sendach, and Joshua Kershner to Pay $750,000 for Foreign Currency (Forex) Fraud and Violating CFTC Registration Requirements Fraud

CFTC release 6561-13 · 2013-04-10 · view on cftc.gov ↗

Key facts

Release number: 6561-13
Release date: 2013-04-10
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6561-13

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.